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Rule 424(b)(3)
File No. 33-39838
Pricing Supplement No. 0110 Dated: January 31, 1994 Page 1 of 5
(To Prospectus dated July 22, 1993 and
Prospectus Supplement dated July 30, 1993)
XEROX CREDIT CORPORATION
Medium-Term Notes, Series C
Due From Nine Months to Thirty Years From Date of Issue
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General
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Principal Amount: $50,000,000
Original Issue Date: February 7, 1994
Issue Price: 100% of Principal Amount
Maturity Date: February 7, 1996
Proceeds to Company: $50,000,000
Agent(s): Lehman Brothers
Agent's Discount or Commission:
Agent's capacity: / / As Agent /X/ As Principal (see below)
If as Principal:
/X/ The Notes are being offered at varying prices related to
prevailing market prices at the time of resale.
/ / The Notes are being offered at a fixed initial public offering
price of % of Principal Amount.
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XEROX CREDIT CORPORATION
MEDIUM-TERM NOTES, SERIES C
Pricing Supplement No. 0110 Dated: January 31, 1994 Page 2 of 5
Form: /X/ Book Entry / / Certificated
Authorized Denominations: $100,000.00
Integral Multiples in excess thereof: $1,000.00
Specified Currency (if other than U.S. dollars, see Attachment): U.S. dollars
Option to Elect Payment in Specified Currency: / / Yes / / No
(Applicable only if Specified Currency is other than U.S. dollars)
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Interest
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Interest Rate:
/X/ Floating Rate (see Base Rate specified below)
Base Rate(s):
/ / Commercial Paper Rate / / Federal Funds Rate
/ / CD Rate / / LIBOR
/X/ Treasury Rate / / Prime Rate
/ / Other (see Attachment)
Initial Interest Rate: the Treasury Rate in effect on February 1,
1994
Interest Payment Date(s): May 9, 1994, August 8, 1994, November 7,
1994, February 7, 1995, May 8, 1995, August 7, 1995, November 7,
1995 and February 7, 1996
Calculation Date (if other than as provided in the Prospectus
Supplement):
Interest Reset Period: Weekly
Interest Reset Date(s): one Business Day immediately following the
date on which the most recent Treasury Rate is published
Spread (+/-): + 0.15%
Spread Multiplier:
Maximum Interest Rate:
Minimum Interest Rate:
Index Maturity: 3 months
Other provisions: (i) "Interest Determination Date" pertaining to an
Interest Reset Date will be such Interest Reset Date; (ii) the
interest rate applicable to each day during the period from the
fifth Business Day immediately prior to an Interest Payment Date
or Maturity, as the case may be (the "Interest Rate Cut Off
Date"), to such Interest Payment Date or Maturity, as the case
may be, will be that in effect on such Interest Rate Cut Off
Date; (iii) the interest payable on each Interest Payment Date
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XEROX CREDIT CORPORATION
MEDIUM-TERM NOTES, SERIES C
Pricing Supplement No. 0110 Dated: January 31, 1994 Page 3 of 5
or at Maturity will be the amount of interest accrued from and
including the Orignal Issue Date or from and including the last
Interest Payment Date to which interest has been paid to, but
excluding, such Interest Payment Date or date of Maturity, as the
case may be; and (iv) the Calculation Agent for the Notes offered
by this Pricing Supplement shall be Lehman Brothers.
/ / Fixed Rate of:
(Applicable only if Notes are not Zero-Coupon Notes or
Amortizing Notes)
/ / Amortizing Notes:
Scheduled repayment amounts and dates in respect of the
principal and interestz:
/ / Currency Indexed Notes:
Interest Rate:
Interest Payment Date(s):
Denominated Currency:
Indexed Currency or Currencies:
Face Amount:
Base Exchange Rate:
Principal Amount Determination Formula:
Other provisions:
/ / Other Indexed Notes:
Face Amount:
Interest Payment Date(s):
Principal Amount Determination Formula:
Designated Index or Indices:
Other provisions:
Optional Resets:
Option to reset interest rate: / / No / / Yes (See Attachment)
(Applicable only if the Notes are Fixed Rate Notes)
Option to reset the Spread and/or Spread Multiplier:
(Applicable only if the Notes are Floating Rate Notes)
/X/ No / / Yes (See Attachment)
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Redemption
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/X/ The Company cannot elect to redeem the Notes prior to the Maturity
Date.
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XEROX CREDIT CORPORATION
MEDIUM-TERM NOTES, SERIES C
Pricing Supplement No. 0110 Dated: January 31, 1994 Page 4 of 5
/ / The Company may elect to redeem the Notes prior to the Maturity
Date (see below).
Initial Redemption Date:
Redemption Date(s):
The Redemption Price shall initially be % of the
principal amount of the Note 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.
Other provisions:
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Early Repayment
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/X/ The Holder cannot elect to have the Notes repaid prior to the
Maturity Date.
/ / The Holder may elect to have the Notes repaid prior to the
Maturity Date (see below).
Initial Redemption Date:
Repayment Date(s):
The Repayment Price shall initially be % of the
principal amount of the Note to be repaid and shall decline at
each anniversary of the Initial Repayment Date by %
of the principal amount to be repaid until the Repayment Price
is 100% of such principal amount.
Other provisions:
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Extension of Maturity
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Extension of Maturity Date by the Company:
/X/ The Maturity Date of the Notes cannot be extended by the Company.
/ / The Maturity Date of the Notes may be extended by the Company
(see below).
Date(s) on which the Maturity Date may be extended by the Company:
Final Maturity Date:
Other provisions:
Extension of Maturity Date by the Holder:
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XEROX CREDIT CORPORATION
MEDIUM-TERM NOTES, SERIES C
Pricing Supplement No. 0110 Dated: January 31, 1994 Page 5 of 5
/X/ The Maturity Date of the Notes cannot be extended by the Holder.
/ / The Maturity Date of the Notes may be extended by the Holder
(see below).
Date(s) on which the Maturity Date may be extended by the Holder:
Final Maturity Date:
Date(s) by which the Holder's Extension Notice must be received
by the Trustee:
Other provisions:
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Original Issue Discount
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Discount Note: /X/ No / / Yes (see below)
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period OID:
Provisions relating to types of funds for payment:
/ / None / / Yes (see Attachment)
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Attachment
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None.
