RULE 424(b)(2)
REGISTRATION NO. 33-56207
PRICING SUPPLEMENT NO. 7 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 1, 1995
February 1, 2000
Maturity Date:
Principal Amount: $25,000,000 February 1, 2000
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
Interest Rate: 8.00% from
February 1, 1995 to January
31, 1996 inclusive; 8.25% from Interest Payment Dates:
February 1, 1996 to January Each February 1 and August
31, 1997 inclusive; 8.50% from 1, commencing August 1, 1996
February 1, 1997 to January and ending on the Maturity Date
31, 1998 inclusive; 8.75% from
February 1, 1998 to January Denominations: $1,000 and
31, 1999; and 9.00% from integral multiples of $1,000 in
February 1, 1999 to the excess thereof
Maturity Date
Commission or Discount (as a
percentage of Principal
Amount): 0.0% CUSIP: 44922L R73
Redemption Provisions:
The Notes are redeemable at the
option of the Company on any
Interest Payment Date,
occurring on or after Form: [X] Book-Entry
February 1, 1996 [ ] 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 1, 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") 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 12, 1995
