RULE 424(b)(2)
REGISTRATION NO. 33-56207
PRICING SUPPLEMENT NO. 1 TO PROSPECTUS DATED NOVEMBER 3, 1994
(As supplemented November 17, 1994)
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 December 27, 1994
December 27, 1999
Maturity Date:
Principal Amount: $20,000,000 December 27, 1999
Regular Record Dates:
Issue Price (as a percentage of Fifteenth calendar day
Principal Amount): 100% (whether or not a Business
Day) prior to the
corresponding Interest
Interest Rate: 8.00% from Payment Date
December 27, 1994 to December
26, 1995 inclusive; 8.20% from
December 27, 1995 to December Interest Payment Dates:
26, 1996 inclusive; 8.40% from Each June 27 and December 27,
December 27, 1996 to December commencing June 27, 1995 and
26, 1997 inclusive; 8.60% from ending on the Maturity Date
December 27, 1997 to December
26, 1998 inclusive; 9.00% from Denominations: $5,000 and
December 27, 1998 to the integral multiples of $1,000
Maturity Date in excess thereof
Commission or Discount (as a CUSIP: 44922L Q90
percentage of Principal
Amount): 0.0%
Redemption Provisions:
The Notes are redeemable at the
option of the Company on any
Interest Payment Date,
occurring on or after
December 27, 1995 Form: [X] Book-Entry
[ ] Certificated
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.
<PAGE>2
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.
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 itnerest 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 December 27,
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 Brothers 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: December 8, 1994
