Rule 424(b)(3)
Registration No. 333-26211
PRICING SUPPLEMENT NO. 29 TO PROSPECTUS DATED JUNE 27, 1997
IBM CREDIT CORPORATION
MEDIUM-TERM NOTES
(Floating Rate Note)
(Due from 9 months to 30 years from date of issue Issue)
Designation: Floating Rate Original Issue Date:
Medium-Term Notes Due November 20, 1997
November 20, 1997
Principal Amount: $50,000,000 Maturity Date:
November 20, 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 Base: Prime
Daily Weighted Average -284.5bp
(Prime Rate Index source USD H.15
(519) "Bank Prime Loan" and
from Reuters USPRIME1.
Interest Determination Dates:
Quarterly on the 20th of each February,
May and August commencing February 20,
1998 and ending on the Maturity date.
Commission or discount (as a Interest Reset Period:
percentage of Principal Quarterly.
amount): 0%
Interest Payment Dates:
February 20, 1998, May 20, 1998,
August 20, 1998 and at Maturity.
Redemption Provision: N/A CUSIP: 449 22L 4Z6
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 the actual number of
days elapsed over a year of 360 days. The initial Calculation Agent with
respect to the Notes will be The Chase Manhattan Bank.
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. 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 Credit Suisse First Boston 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 20, 1997
