RULE 424(b)(3)
REGISTRATION NO. 33-56207
PRICING SUPPLEMENT NO. 71 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 March 19, 1996
March 19, 2001
Principal Amount: $20,000,000 Maturity Date:
March 19, 2001
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: 6.20% Interest Payment Dates:
Each March 19 and
September 19 commencing
September 19, 1996 and
ending on the Maturity
Date
Commission or discount (as a Denominations: $5,000 and
percentage of Principal integral multiples of
Amount): 0.0% $1,000 in excess thereof
Redemption Provisions: CUSIP: 44922L Z25
The Notes are redeemable at the
option of the Company on any
Interest Payment Date,
occurring on or after
March 19, 1997
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.
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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 March 19, 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 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 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: March 6, 1996
