PRICING SUPPLEMENT NO. 20 TO PROSPECTUS DATED JUNE 27, 1997
(AS SUPPLEMENTED JUNE 27, 1997)
IBM CREDIT CORPORATION
MEDIUM-TERM NOTES
(Due from 9 months to 30 years from date of issue)
(FIXED RATE NOTE)
Principal Amount: $ 25,000,000.00 Designation: N9701037
DTC CUSIP: 44922L4Q6
Issue Price (as a percentage of
Principal Amount): 100.000 % Original Issue Date : 10/03/1997
Record Dates: 02/15, 08/15 Maturity Date : 10/01/1999
Interest Payment Dates: 03/01, 09/01 Initial Interest Rate: 6.02000%
per annum
Redemption:
Check box opposite applicable paragraph.
X The Notes cannot be redeemed prior to maturity.
The Notes may be redeemed prior to maturity.
This Pricint 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
Not Applicable.
PLAN OF DISTRIBUTION
The Notes will be sold to Salomon Brothers 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: 10/03/1997
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