RULE 424(b)(2)
REGISTRATION NO. 33-49411
PRICING SUPPLEMENT NO. 51 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 September 8, 1994
September 8, 1999
Principal Amount: $25,000,000 Maturity Date:
September 8, 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 Business Day) prior to
September 8, 1994 to the corresponding
September 7, 1995 inclusive; Interest Payment Date
7.25% from September 8, 1995
to September 7, 1996 inclusive; Interest Payment Dates:
7.50% from September 8, 1996 Each September 8 and
to September 7, 1997 March 8, commencing
inclusive; 8.00% from March 8, 1995 and
September 8, 1997 to ending on the Maturity
September 7, 1998 inclusive; Date
9.00% from September 8, 1998
to the Maturity Date Denominations: $5,000 and
integral multiples of
Commission or Discount (as $1,000 in excess
a percentage of Principal thereof
Amount): 0.0%
Redemption Provisions: Form: [X] Book-Entry
The Notes are redeemable [ ] Certificated
at the option of the Company
on any Interest Payment Date,
occurring on or after
September 8, 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 Salomon Brothers Inc ("Salomon").
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 September 8,
1995 Interest Payment Date, in whole or 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 Salomon ("Salomon") for
resale to one or more investors at varying prices related to
prevailing market prices at the time of resale, to be
determined by Salomon.
Dated: August 11, 1994
