Rule 424(b)(3)
Registration No. 333-06335
PRICING SUPPLEMENT NO. 17 TO PROSPECTUS DATED JULY 30, 1996
(As supplemented August 8, 1996)
IBM CREDIT CORPORATION
MEDIUM-TERM NOTES
(Fixed Rate Note)
(Due One Year or More from Date of Issue)
Designation: Fixed Rate Original Issue Date:
Medium-Term Notes Due December 24, 1996
December 24, 2001
Principal Amount: $30,000,000 Maturity Date:
December 24, 2001
Issue Price (as a percentage of Regular Record Dates:
Principal Amount): 100% Fifteenth calendar day, whether or not
a Business Day, immediately preceding
the corresponding Interest Payment
Date
Interest Rate: 6.50% Interest Payment Dates:
The 24th day of each month commencing
January 24, 1997 and ending on the
Maturity Date
Commission or discount (as a CUSIP: 449 22L 2Y1
percentage of Principal
Amount): 0%
Redemption Provisions:
The Notes are redeemable at the
option of the Company on each Interest
Payment Date occuring on or after
December 24, 1997.
Form: [X] Book-Entry
[ ] Certified
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.
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 each Interest Payment Date
occurring on or after the December 24, 1997 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 therof plus accrued interest theron 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 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: December 9, 1996
