RULE 424(b)(2)
REGISTRATION NO. 33-56207
PRICING SUPPLEMENT NO. 22 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 May 16, 1995
May 16, 2000
Maturity Date:
Principal Amount: $25,000,000 May 16, 2000
Regular Record Dates:
Issue Price (as a percentage Fifteenth calendar day (whether
Principal Amount): 100% or not a Business Day) prior to
the corresponding Interest
Payment Date
Interest Rate: 7.50%
Commission or Discount (as a Interest Payment Dates: Each
percentage of Principal May 16 and November 16,
Amount): 0.0% commencing November 16, 1995
and ending on the Maturity
Redemption Provisions: Date
The Notes are redeemable at the
option of the Company on any
Interest Payment Date Denominations: $5,000 and
occurring on or after May 16, integral multiples of $1,000 in
1996 excess thereof
CUSIP: 44922L T30
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 May 16, 1996 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 Smith Barney Inc. 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: May 2, 1995
