Filed Pursuant to Rule 424(b)(3)
Registration Nos. 33-55787 and 33-64179
PRICING SUPPLEMENT NO. 28, dated July 23, 1997
(To Prospectus dated January 23, 1997, and
Prospectus Supplement dated June 9, 1997)
(CUSIP No. 17120Q ZM6)
$2,500,000,000
Chrysler Financial Corporation
Medium-Term Notes, Series Q
Fixed Rate Notes
Due 9 Months or More From Date of Issue
Principal Amount: $1,000,000
Issue Price: 100%
Original Issue Date: July 28, 1997
Stated Maturity: July 28, 2000
Interest Rate: 6.27%
Interest Payment Dates: February 15 and August 15
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)
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: .250%
Agent's Capacity: [X] Agent [ ] Principal
Net proceeds to Company (if sale to Agent as principal):
Agent: [X] Merrill Lynch & Co. [ ] Salomon Brothers Inc
[ ] J.P. Morgan & Co. [ ] Other:
