Rule 424(b)(3)
File No. 333-29677
Pricing Supplement No. 0161 Dated: July 10, 1997
(To Prospectus dated June 26, 1997 and
Prospectus Supplement dated July 2, 1997)
XEROX CREDIT CORPORATION
Medium-Term Notes, Series F
Due Nine Months or More From Date of Issue
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GENERAL
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Principal Amount: $25,000,000
Issue Price: 100% of Principal Amount (see below under "If as
Principal" if Agent is acting as Principal)
Agent's Discount or Commission: None
Net proceeds to Company: $25,000,000 (100% of Principal Amount)
Original Issue Date (Settlement Date): July 30, 1997
Maturity Date: July 30, 2012
Agent: Smith Barney Inc.
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
Specified Currency: U.S. Dollars
Authorized Denominations: $1,000
Integral Multiples in excess thereof: $1,000
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INTEREST
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/X/ Fixed Rate Note (other than Amortizing or Zero-Coupon Note):
The rate of interest on the Note will be as follows:
From and including To, but excluding Rate Per Annum
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July 30, 1997 July 30, 1998 7.00%
July 30, 1998 July 30, 1999 7.00%
July 30, 1999 July 30, 2000 7.05%
July 30, 2000 July 30, 2001 7.10%
July 30, 2001 July 30, 2002 7.15%
July 30, 2002 July 30, 2003 7.20%
July 30, 2003 July 30, 2004 7.25%
July 30, 2004 July 30, 2005 7.30%
July 30, 2005 July 30, 2006 7.35%
July 30, 2006 July 30, 2007 7.40%
July 30, 2007 July 30, 2008 7.45%
July 30, 2008 July 30, 2009 7.50%
July 30, 2009 July 30, 2010 8.00%
July 30, 2010 July 30, 2011 9.00%
July 30, 2011 Maturity Date 10.00%
Interest on the Note will be calculated on a 30/360 basis and
will be payable semiannually in arrears on January 30 and July 30
of each year, commencing January 30, 1998, through and including
the date of Maturity (each, an "Interest Payment Date"), and the
Regular Record Date in respect of each Interest Payment Date will
be the 15th day (whether or not a Business Day) of the month in
which such Interest Payment Date occurs.
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EARLY REDEMPTION AND/OR REPAYMENT, AND OPTIONAL EXTENSION
OF MATURITY DATE, RESETS AND PAYMENT CURRENCY
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Early redemption at Company's option:
/ / No /X/ Yes (See below)
Redemption date(s): Each Interest Payment Date excluding the
Maturity Date, commencing July 30, 1999
Redemption price(s): 100% of the principal amount of the Note
Other provisions: The Note may be redeemed only in whole and
not in part, and upon at least 30 days prior notice to the
Holder of the Note.
Early repayment at Holder's option:
/X/ No / / Yes
Option to extend Maturity Date:
/X/ No / / Yes
Option to reset interest rate:
/X/ No / / Yes
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ATTACHMENT
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None.
