Rule 424(b)(3)
Registration No. 333-42755
PRICING SUPPLEMENT NO. 13 TO PROSPECTUS DATED January 9, 1998
(As supplemented January 12, 1998)
IBM CREDIT CORPORATION
MEDIUM-TERM NOTES
(Floating Rate Note)
(Due from 9 months to 30 years from date of issue )
Designation: Floating Rate Original Issue Date:
Medium-Term Notes Due February 27, 1998
March 1, 1999
Principal Amount: $100,000,000 Maturity Date:
March 1, 1999
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: Libor
(Telerate page 3750)
Interest Determination Dates:
Spread: Minus 13 basis points Two London Business Days prior
to each Interest Reset Date.
Initial Interest Rate: 5.54188% Interest Reset Dates: February 27, 1998,
June 1, 1998, September 1, 1998 and
December 1, 1998.
Commission or discount (as a Interest Reset Period:
percentage of Principal Quarterly, commencing with and including
Amount): 0% each Interest Reset Date, to, but
excluding, the immediately following
Interest Reset Date (or any such daily
period after the Maturity Date)
Interest Payment Dates:
June 1, 1998, September 1, 1998,
December 1, 1998 and at maturity.
Redemption Provision: N/A CUSIP: 449 22L 5T9
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
The Notes will bear interest at a rate reset on the Interest Reset
Dates specified above. The interest rate in effect from the Original
Issue Date to the first Interest Reset Date with respect to the Notes will be
the Initial Interest Rate. Thereafter, the interest rate per annum on the
Notes for each Interest Reset Period will be determined as Libor minus a
spread of 13 basis points.
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, unless that day is in the next succeeding
calender month, in which case such date will be the next preceding
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 and on which dealings
in deposits in U.S. dollars are transacted in the London interbank market.
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 Salomon Smith Barney 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 24, 1998
