RULE 424(b)(2)
REGISTRATION NO. 33-49411
PRICING SUPPLEMENT NO. 55 TO PROSPECTUS DATED APRIL 16, 1993
(As supplemented August 17, 1993)
IBM CREDIT CORPORATION
MEDIUM-TERM NOTES
(Floating Rate Note)
(Due from 9 months to 30 years from date of issue)
Designation: Floating Rate Original Issue Date:
Medium-Term Notes Due October 5, 1994
October 6, 1995
Principal Amount: $65,000,000 Maturity Date:
October 6, 1995
Issue Price (as a percentage of Regular Record Dates:
Principal Amount): 100% Fifteenth calendar day
(whether or not a
CUSIP: 44922L P26 Business Day) prior to
the corresponding
Interest Payment Date
Interest Rate Base: Commercial Interest Determination Dates:
Paper Second Business Day preceding
the Original Issue Date and
each relevant Interest Reset
Date
Spread: Minus 7 basis points
Initial Interest Rate:
Commercial
Paper Rate minus 7 basis
points
Commission or Discount (as a Interest Reset Dates:
percentage of Principal October 6, 1994 and each
Amount): 0.0195% Business Day thereafter,
through the Maturity Date
Interest Payment Dates: Interest Reset Period:
The sixth day of each calendar Daily, commencing with and
month, commencing November 6, including each Interest Reset
1994, and ending on the Date, to, but excluding, the
Maturity Date immediately following Interest
Reset Date (or any such daily
period after the Maturity Date
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Index Maturity: 1 month 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.
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INTEREST
The Notes will bear interest at a rate reset on the
Interest Reset Dates specified above. The interest rate in effect
from the Original Issue Date to the first Interest Reset Date with
respect to the Notes will be the Initial Interest Rate.
Thereafter, the interest rate per annum on the Notes for each
Interest Reset Period will be determined as the Commercial Paper
Rate minus a Spread of 7 basis points.
Interest on the Notes will be calculated based on the
actual number of days elapsed over a year of 360 days. The initial
Calculation Agent with respect to the Notes will be The Chase
Manhattan Bank (National Association).
If any Interest Payment Date or any Interest Reset Date
would otherwise be a day that is not a Business Day, such date will
be postponed to the next day that is a Business Day. For purposes
of the offering made hereby, "Business Day" as used herein and in
the accompanying Prospectus Supplement means any day on which
commercial banks and foreign exchange markets settle payments in
The City of New York. Capitalized terms used but not defined
herein have the meanings assigned in the accompanying Prospectus
Supplement and Prospectus.
PLAN OF DISTRIBUTION
The Notes will be sold to CS First Boston Corporation for
resale to one or more investors at the Issue Price set forth above.
After the initial offering of the Notes, the public offering price
and any concession or discount may be changed.
Dated: September 29, 1994.
