Rule 424(b)(3)
File No. 33-53533
Pricing Supplement No. 0133 Dated: March 2, 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: $100,000,000
Issue Price: 100% of Principal Amount
Proceeds to Company: $99,896,500
Original Issue Date: March 9, 1995
Maturity Date: March 10, 1997
Agent(s): J.P. Morgan Securities Inc.
Agent's Discount or Commission: 0.1035% of the 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: $100,000
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:
/X/ Floating Rate (see Base Rate specified below)
Base Rate(s):
/ / Commercial Paper Rate /X/ 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): the 10th of June, September, December and
March of each year, commencing June 10, 1995
Calculation Date (if other than as provided in the Prospectus
Supplement):
Interest Reset Period: Daily
Interest Reset Date(s): each Business Day
Spread (+/-): +0.20%
Spread Multiplier:
Maximum Interest Rate:
Minimum Interest Rate:
Index Maturity:
Other provisions: (I) The "Federal Funds Rate" means the simple
weighted average of the overnight Federal Funds effective rate
published by the Fed Statistical release "H.15". (II) The
"Interest Determination Date" pertaining to an Interest Reset
Date will be each such Interest Reset Date. (III) The interest
rate applicable to each Business Day, whether or not also an
Interest Reset Date, will be the interest rate for the immediately
preceding Business Day, and the interest rate applicable to each
day which is not a Business Day will be the interest rate for
the second Business Day next preceding such day; provided,
however, in each case, that, the interest rate in effect for the
three Business Days prior to each Interest Payment Date and
Maturity will be that in effect on the third Business Day
preceding such Interest Payment Date or Maturity, as the case may
be. (IV) the interest payable on each Interest Payment Date or at
Maturity will be the amount of interest accrued from and including
the Original 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. (V) The Calculation Agent for the Notes offered hereby shall
be Morgan Guaranty Trust Company of New York.
/ / 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 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: / / 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 Note prior to the Maturity
Date.
/ / 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:
/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.
