Rule 424(b)(3)
File No. 33-53533
Pricing Supplement No. 0137 Dated: April 10, 1995
(To Prospectus dated May 13, 1994 and
Prospectus Supplement dated May 25, 1994)
XEROX CREDIT CORPORATION
Medium-Term Notes, Series D
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
Issue Price: 100% of Principal Amount
Proceeds to Company: $49,890,000
Original Issue Date: April 12, 1995
Maturity Date: April 4, 2000
Agent(s): Lehman Brothers
Agent's Discount or Commission: 0.22% of Principal Amount
Agent's capacity: / / As Agent /X/ As Principal (see below)
If as Principal:
/X/ The Note is being offered at varying prices related to
prevailing market prices at the time of resale.
/ / The Note is being offered at a fixed initial public offering
price of % of Principal Amount.
Form: /X/ Book Entry / / Certificated
Authorized Denominations: $1,000
Integral Multiples in excess thereof: $1,000
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:
/ / Floating Rate (see Base Rate specified below)
Base Rate(s):
/ / Commercial Paper Rate / / Federal Funds Rate
/ / CD Rate / / LIBOR
/ / Treasury Rate / / Prime Rate
/ / CMT Rate / / J.J. Kenny Rate
/ / 11th District Cost of Funds Rate
/ / Other (see Attachment)
Initial Interest Rate:
Interest Payment Date(s):
Calculation Date (if other than as provided in the Prospectus
Supplement):
Interest Reset Period:
Interest Reset Date(s):
Spread (+/-):
Spread Multiplier:
Maximum Interest Rate:
Minimum Interest Rate:
Index Maturity:
Other provisions:
/X/ Fixed Rate of: 7.75% per annum
(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 interest:
/ / 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: /X/ 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)
/ / No / / Yes (See Attachment)
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Redemption
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/ / The Company cannot elect to redeem the Note prior to the Maturity
Date.
/X/ The Company may elect to redeem the Notes prior to the Maturity
Date (see below).
Initial Redemption Date: April 4, 1997
Redemption Date(s): each Interest Payment Date after the Initial
Redemption Date
The Redemption Price shall be 100% of the principal amount of
the Note to be redeemed.
Other provisions: The Note may be redeemed only in whole and not
in part, and upon at least 30 calendar days prior notice to
the Holder of the Note.
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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:
/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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Interest on this Note will be payable at Maturity and semiannually each
October 4 and April 4, commencing October 4, 1995 (each an "Interest Payment
Date"), and the Regular Record Dates will be September 18 and March 18
(whether or not a Business Day), respectively.
