Rule 424(b)(3)
File No. 33-61481
Pricing Supplement No. 0158 Dated: March 25, 1997
(To Prospectus dated November 2, 1995 and
Prospectus Supplement dated November 2, 1995)
XEROX CREDIT CORPORATION
Medium-Term Notes, Series E
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): April 16, 1997
Maturity Date: April 16, 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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April 16, 1997 April 16, 1998 7.50%
April 16, 1998 April 16, 1999 7.50%
April 16, 1999 April 16, 2000 7.55%
April 16, 2000 April 16, 2001 7.60%
April 16, 2001 April 16, 2002 7.65%
April 16, 2002 April 16, 2003 7.70%
April 16, 2003 April 16, 2004 7.75%
April 16, 2004 April 16, 2005 7.80%
April 16, 2005 April 16, 2006 7.85%
April 16, 2006 April 16, 2007 7.90%
April 16, 2007 April 16, 2008 7.95%
April 16, 2008 April 16, 2009 8.00%
April 16, 2009 April 16, 2010 8.50%
April 16, 2010 April 16, 2011 9.00%
April 16, 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 October 16 and April 16
of each year, commencing October 16, 1997, 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 first 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 April 16, 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.