RULE 424(b)(2)
REGISTRATION NO. 33-56207
PRICING SUPPLEMENT NO. 11 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 February 21, 1995
February 21, 2000
Maturity Date:
Principal Amount: $40,000,000 February 21, 2000
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 Payment
Interest Rate: 8.00% from Date
February 21, 1995 to February
20, 1996 inclusive; 8.25% from
February 21, 1996 to February Interest Payment Dates:
20, 1997 inclusive; 8.50% from Each February 21 and
February 21, 1997 to February August 21, commencing
20, 1998 inclusive; 8.75% from August 21, 1995 and ending on
February 21, 1998 to February the Maturity Date
20, 1999; and 9.00% from
February 21, 1999 to the Denominations: $1,000 and
Maturity Date integral multiples of $1,000
in excess thereof
Commission or Discount (as a
percentage of Principal
Amount): 0.0%
Redemption Provisions: CUSIP: 44922L S23
The Notes are redeemable at the
option of the Company on any
Interest Payment Date,
occurring on or after
February 21, 1996
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.
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
each 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.
REDEMPTION
The Notes are redeemable by the Company on any Interest Payment
Date occurring on or after the February 21, 1996 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 Morgan Stanley & Co. Incorporated
("Morgan Stanley") at the Issue Price set forth above for resale to one
or more investors at varying prices related to prevailing market prices
at the time of resale, as determined by Morgan Stanley.
Dated: January 24, 1995
