Rule 424(b)(3)
File No. 333-29677
Pricing Supplement No. 0172 Dated: September 10, 1998
(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: $300,000,000
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: $300,000,000 (100% of Principal Amount)
Original Issue Date (Settlement Date): September 15, 1998
Maturity Date: October 12, 1999
Agent: Chase Securities 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/ Floating Rate (see Base Rate specified below)
Base Rate(s):
/ / Commercial Paper Rate / / CD Rate
/ / CMT Rate / / Federal Funds Rate
/ / J.J. Kenny Rate / / Prime Rate
/ / Treasury Rate / / 11th District Cost of Funds Rate
/X/ LIBOR:
Designated LIBOR Page: / / LIBOR-Reuters
/X/ LIBOR-Telerate page 3750
Index Currency (if other than U.S. dollars):
/ / Other (see Attachment)
Index Maturity: (i) For the one-month period from the Original
Issue Date to the first Interest Payment Date (the "One-Month
Short Period"), the Index Maturity shall be 30-day USD LIBOR;
and (ii) for each Interest Reset Period thereafter, the Index
Maturity shall be 3-month USD LIBOR.
Initial Interest Rate: The Initial Interest Rate applicable
during the One-Month Short Period shall be calculated in
accordance with the provisions hereof; provided, that, solely
for purposes of calculating such Initial Interest Rate, the
Original Issue Date shall be deemed to be the first Interest
Reset Date.
Interest Payment Date(s): October 12, 1998, January 12, 1999,
April 12, 1999, July 12, 1999 and the Maturity Date.
Interest Reset Period: (i) For the One-Month Short Period only,
the Interest Reset Period shall be monthly; and (ii) thereafter,
the Interest Reset Period shall be quarterly.
Interest Reset Date(s): Interest Payment Date(s)
Spread: minus 0.085%
Calculation Agent: Citibank, N.A.
Other provisions:
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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:
/X/ No / / Yes (See below)
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.
