RULE 424(b)(2)
REGISTRATION NO. 33-56207
PRICING SUPPLEMENT NO. 62 TO PROSPECTUS DATED NOVEMBER 3, 1994
(As supplemented November 17, 1994)
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 November 6, 1995
November 6, 1996
Principal Amount: $100,000,000 Maturity Date:
November 6, 1996
Issue Price (as a percentage of Regular Record Dates:
Principal Amount): 100% Fifteenth calendar day
whether or not a
Business Day prior to
the corresponding
Interest Payment Date
Interest Rate Base: LIBOR Interest Payment Dates:
February 21, 1996, May
Designated LIBOR Page: Telerate 15, 1996, August 21,
Page 3750 1996 and the Maturity
Date
Spread: Minus 12 basis points
Initial Interest Rate: 5.78625% Interest Reset Dates:
February 21, 1996, May
15, 1996 and August 21,
1996
Redemption Provisions: None
Interest Reset Period:
Commission or Discount (as a percentage Quarterly, commencing
of Principal Amount): None with and including each
Interest Reset Date, to,
CUSIP: 44922L Y26 but excluding, the
immediately following
Interest Reset Date
Index Maturity: 3 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.
<PAGE>
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 LIBOR minus
a spread of 12 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 Morgan Stanley & Co. Incorporated.
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, unless that day falls in the next
calendar month, in which case such date will be advanced to the first
preceding 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 which also is a London
Banking Day. 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 Morgan Stanley & Co. Incorporated for
resale to one or more investors at a fixed public offering price. After the
initial public offering of the Notes, the public offering price and any
concession or discount may be changed.
Dated: November 1, 1995
