RULE 424(b)(2)
REGISTRATION NO. 33-49411
PRICING SUPPLEMENT NO. 49 TO PROSPECTUS DATED APRIL 16, 1993
(As supplemented August 17, 1993)
IBM CREDIT CORPORATION
MEDIUM-TERM NOTES
(Fixed Rate Note)
(Due from 9 months to 30 years from date of issue)
Designation: Fixed Rate Original Issue Date:
Medium-Term Notes Due August 26, 1994
August 26, 1999
Principal Amount: $25,000,000 Maturity Date:
August 26, 1999
Issue Price (as a percentage of Regular Record Dates:
Principal Amount): 100% Fifteenth calendar day
(whether or not a
Interest Rate: 7.00% from August 26, Business Day) prior to
1994 to August 25, 1995 inclusive; the corresponding
7.25% from August 26, 1995 to Interest Payment Date
August 25, 1996 inclusive; 7.50%
from August 26, 1996 to August 25,
1997 inclusive; 8.00% from August 26,
1997 to August 25, 1998 inclusive; Interest Payment Dates:
9.00% from August 26, 1998 to the Each February 26 and
Maturity Dat August 26, commencing
February 26, 1995 and
ending on the Maturity Date
Commission or Discount (as Denominations: $5,000 and
a percentage of Principal integral multiples of
Amount): 0.0% $1,000 in excess thereof
Redemption Provisions: Form: [X] Book-Entry
The Notes are redeemable at the [ ] Certificated
option of the Company on any Interest
Payment Date, occurring on or after
August 26, 1995
This Pricing Supplement supplements and, to the extent
inconsistent therewith, amends the description of the Notes referred to
above in the accompanying Prospectus Supplement and Prospectus.
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INTEREST
Interest on the Notes will be calculated based on a year of 360
days consisting of 12 months of 30 days each. The initial Calculation
Agent with respect to the Notes will be the Company.
If any payment of principal or interest is due on a day that is
not a Business Day, that payment may be made on the next succeeding
Business Day. No additional interest will accrue as a result of the
delay in payment. For purposes of the offering made hereby, "Business
Day" as used herein and in the accompanying Prospectus Supplement means
any day that is not a Saturday, Sunday or a day on which commercial
banks in The City of New York are required or authorized to be closed.
Capitalized terms used but not defined herein have the meanings assigned
in the accompanying Prospectus Supplement and Prospectus.
REDEMPTION
The Notes are redeemable by the Company on any Interest Payment
Date occurring on or after the August 26, 1995 Interest Payment Date, on
at least 30-days prior notice at a redemption price of 100% of the
principal amount thereof plus accrued interest thereon to the date of
redemption.
PLAN OF DISTRIBUTION
The Notes will be sold to Smith Barney Inc. for resale to one or
more investors at a fixed public offering price. After the initial
public offering of the Notes, the public offering price and any
concession or discount may be changed.
Dated: August 9, 1994
