Rule 424(b)(3)
Registration No. 333-06335
PRICING SUPPLEMENT NO. 26 TO PROSPECTUS DATED JULY 30, 1996
(As supplemented August 8, 1996)
IBM CREDIT CORPORATION
MEDIUM-TERM NOTES
(Variable Rate Note)
(Due One Year or More from Date of Issue)
Designation: Variable Rate Original Issue Date:
Medium-Term Notes Due February 28, 1997
March 2, 1998
Principal Amount: $135,000,000 Maturity Date:
March 2, 1998
Issue Price (as a percentage of Regular Record Dates:
Principal Amount): 100.00% Fifteenth calendar day, whether or not
a Business Day, immediately preceding
the corresponding Interest Payment
Date
Interest Rate: Prime Interest Payment Dates:
Daily Weighted Average Quarterly on the 2nd day of each March,
- -290 bp June, September and December commencing
(2 Day Lag) June 2, 1997 and ending on the maturity
date.
Commission or discount (as a CUSIP: 449 22L 3G9
percentage of Principal
Amount): 0%
REDEMPTION PROVISION: N/A
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 and the actual number of days occurring in any such
month.
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. 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.
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: February 25,1997
