RULE 424(b)(2)
REGISTRATION NO. 33-49411
PRICING SUPPLEMENT NO. 72 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 31, 1994
November 1, 1995
Maturity Date:
Principal Amount: $25,000,000 November 1, 1995
Regular Record Dates:
Issue Price (as a percentage of Fifteenth calendar day (whether
Principal Amount): 100% or not a Business Day) prior to
the corresponding Interest
Payment Date
CUSIP: 44922L Q82
Interest Determination Dates:
Interest Rate Base: Treasury The day of the week in which
Rate the relevant Interest Reset
Date falls on which Treasury
bills would normally be
Spread: Minus 10 basis points auctioned
Interest Reset Dates:
Initial Interest Rate: 5.65% The Tuesday of each week,
commencing November 1, 1994
Commission or Discount (as a Interest Reset Period:
percentage of Principal Weekly, commencing with and
Amount): 0.0% including each Interest Reset
Date, to, but excluding, the
Interest Payment Dates: immediately following Interest
May 1, 1995 and November 1, Reset Date (or any such weekly
1995 period after the Maturity Date)
Redemption Provisions:
None
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Index Maturity: 6 months 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 Treasury Rate minus a Spread of 10 basis points.
Interest on the Notes will be calculated based on the
actual number of days elapsed over a year of 365 days. Accrued interest
will be calculated by multiplying the principal amount of a Note by an
accrued interest factor. The accrued interest factor will be computed
as the arithmetic mean of the interest rates calculated as of each
Interest Reset Date. 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. If a Treasury bill
auction date shall fall on any Interest Reset Date, then such Interest
Reset Date shall instead be the first Business Day immediately following
such auction date. If, as the result of a legal holiday, a Treasury
bill auction is held on the Friday preceding such legal holiday, such
Friday will be the Interest Determination Date relating to the Interest
Reset Date occurring in the next succeeding week. 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 Goldman, Sachs & Co. 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: October 24, 1994.
