Filed Pursuant to Rule 424(b)(3)
Registration No. 33-50385
PRICING SUPPLEMENT NO. 3, dated January 10, 1994
(To Prospectus dated October 7, 1993 and
Prospectus Supplement dated January 5, 1994)
$1,200,000,000
Chrysler Financial Corporation
Medium-Term Notes, Series M
Floating Rate Notes
Due 9 Months or More From Date of Issue
Principal Amount: $61,375,000
Issue Price: 100%
Calculation Agent: Morgan Guaranty Trust Company of New York
Original Issue Date: January 18, 1994
Stated Maturity: February 4, 1999
Initial Interest Rate: 4.124%
Specified Currency: U.S. Dollars
(If other than U.S. Dollars, see attachment hereto)
Option to Receive Payments in Specified Currency: [ ] Yes [ ] No
(Applicable only if Specified Currency is other than U.S. Dollars)
Authorized Denominations:
(Applicable only if Specified Currency is other than U.S. Dollars)
Base Rate:
[ ] Commercial Paper Rate [ ] LIBOR [ ] Treasury Rate [ ] CD Rate
[ ] Federal Funds Rate [ ] Prime Rate [X] Other (see attachment
hereto)
If LIBOR, Designated Page: [ ] Reuters Page [ ] Telerate Page
If LIBOR, Index Currency:
Interest Reset Period: quarterly
Interest Reset Dates: the 4th day of February, May, August & November
beginning May 4, 1994
Interest Payment Period: quarterly
Interest Payment Dates: the 4th day of February, May, August & November
beginning May 4, 1994
Index Maturity: 2 years
Spread (+/-): +.05%
Spread Multiplier: n/a
Maximum Interest Rate: n/a
Minimum Interest Rate: n/a
Redemption: [X] The Notes cannot be redeemed prior to maturity.
[ ] The Notes may be redeemed prior to maturity.
Initial Redemption Date:
The Redemption Price shall initially be % of the principal amount of the
Notes to be redeemed and shall decline at each anniversary of the initial
Redemption Date by % of the principal amount to be redeemed until the
Redemption Price is 100% of such principal amount.
Repayment: [X] The Notes cannot be repaid prior to maturity.
[ ] The Notes can be repaid prior to maturity at the option of the
holder of the Notes.
Optional Repayment Date(s):
Repayment Price:
Discount Notes: [ ] Yes [X] No
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period OID:
Agent's Discount or Commission: .50%
Agent's Capacity: [X] Agent [ ] Principal
Net proceeds to Company (if sale to Agent as principal):
Agent: [ ] Merrill Lynch & Co. [ ] Salomon Brothers Inc
[X] Other: CS First Boston Corporation
<PAGE>
Attachment to Pricing Supplement No. 3
dated January 10, 1994
Base Rate: Daily Treasury Constant Maturities ("CMT")
Index Maturity: 2-year
Each Note will bear interest for each Interest Reset Period at
the interest rate equal to the 2-year CMT plus .05%.
Determination of the 2-Year CMT: For each Interest Reset Period,
the 2-Year CMT shall be the Treasury Rate displayed on Telerate
page 7059 (or such other page as may replace the 7059 page on
that service ("Telerate Page 7059")) for the Determination Date
(defined below) under the heading "Daily Treasury Constant
Maturities...Federal Reserve Board Release H.15...Approximately
3:45 p.m. EST...2 YR." If such rate is no longer displayed, then
the 2-Year CMT for such Interest Reset Period will be such 2-Year
Treasury Constant Maturity rate or other 2-Year United States
Treasury rate that the Calculation Agent determines to be
comparable to the rate formerly displayed on Telerate Page 7059
for the Determination Date with respect to such Interest Reset
Period as may then be published in the Federal Reserve Board
Statistical Release H.15 (519) by either the Board of Governors
of the Federal Reserve System or the United States Department of
the Treasury. If such rates are not available, then the 2-Year
CMT for the Interest Reset Period will be calculated by the
Calculation Agent and will be a yield to maturity, based on the
arithmetic mean of the secondary market closing mid-market prices
as of approximately 3:30 p.m. (New York City time) on the
Determination Date reported, according to their written records,
by five leading primary United States government securities
dealers (each, a "Reference Dealer") in The City of New York
selected by the Calculation Agent, for the most recently issued
direct noncallable fixed rate obligations of the United States
("Treasury Note") with an original maturity of approximately 2
years and a remaining term to maturity of not less than one year,
eliminating the highest and lowest quotes and averaging the
remaining three (or, in the event of equality, one of the highest
or one of the lowest, as the case may be). If the Calculation
Agent cannot obtain five such Treasury Note quotations, the
2-Year CMT for such Reset Date will be calculated by the
Calculation Agent and will be a yield to maturity based on the
arithmetic mean of the secondary market mid-market prices as of
approximately 3:30 p.m. (New York City time) on the Determination
Date of three Reference Dealers in the City of New York with an
original maturity of greater than 2 years and a remaining term to
maturity closest to two years. If the Treasury Notes with an
original maturity of greater than 2 years have remaining terms to
maturity equally close to two years, the quotes for the Treasury
Note with an original term to maturity closest to two years will
be used. If fewer than three Reference Dealers selected by the
Calculation Agent are quoting, the 2-Year CMT will be the same as
the 2-Year CMT in effect on such Determination Date.
"Determination Date" means the day that is nine Business
Days prior to the Interest Reset Date which constitutes the first
day of the relevant Interest Reset Period.
