RULE 424(b)(2)
REGISTRATION NO. 33-49411
PRICING SUPPLEMENT NO. 53 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 October 7, 1997
October 7, 1994
Principal Amount: $25,000,000 Maturity Date:
October 7, 1997
Issue Price (as a percentage Regular Record Dates:
of Principal Amount): 100% Fifteenth calendar day
(whether or not a Business
Interest Rate: 6.00% from Day) prior to the
October 7, 1994 to corresponding Interest
October 6, 1995 inclusive; Payment Date
7.00% from October 7, 1995
to October 6, 1996
inclusive; 8.00% from
October 7, 1996 to the
Maturity Date
Interest Payment Dates:
Each April 7 and
October 7, commencing
April 7, 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 [ ] Certificated
the option of the Company
on any Interest Payment
Date, occurring on or after
October 7, 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
Lehman Brothers Inc. ("Lehman").
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 October 7, 1995
Interest Payment Date, in whole but not in part, 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 Lehman for resale to one or
more investors at varying prices related to prevailing market
prices at the time of resale, to be determined by Lehman.
Dated: September 16, 1994
