RULE 424(b)(2)
REGISTRATION NO. 33-56207
PRICING SUPPLEMENT NO. 65 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 January 30, 1996
January 30, 2001
Principal Amount: $25,000,000 Maturity Date:
January 30, 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: 5.875% Interest Payment Dates:
Each January 30 and
July 30 commencing
July 30, 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 Y59
The Notes are redeemable at the
option of the Company on any
Interest Payment Date,
occurring on or after
January 30, 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 January 30, 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: January 17, 1996
