Pricing Supplement No. 71 Dated October 17, 1994
(To Prospectus and Prospectus Supplement
Dated May 4, 1994)
Rule 424(b)(3)
Registration Statement
No. 33-53101
U.S.$6,000,000,000
FORD MOTOR CREDIT COMPANY
Medium-Term Notes Due from 9 Months
to 30 Years from Date of Issue
Ford Motor Credit Company has designated $100,000,000 aggregate
principal amount of its Medium-Term Notes Due from 9 Months to 30
Years from Date of Issue having specific terms set forth below. Goldman,
Sachs & Co. have agreed to purchase the Notes at a price of 99.75% of their
principal amount for resale at an initial public offering price of 100% of
the principal amount. After the initial public offering, the offering price
may be changed.
Issue Date: October 21, 1994
Principal Amount: $100,000,000
Interest Rate Basis: (a) For the period from and including
October 21, 1994 to but excluding
January 21, 1994, LIBOR having an
Index Maturity of three months as
determined on October 19, 1994,
plus 18 basis points; and (b)
thereafter, LIBOR having an Index
Maturity of three months
plus 18 basis points.
Interest Reset Dates The 21st day of the months of January,
for LIBOR: April, July and October during the
period commencing January 21, 1995 and
ending July 21, 1997.
Interest Payment Dates: The 21st day of the months of January, April,
July and October during the period commencing
January 21, 1995 and ending July 21, 1997, and
at Stated Maturity.
Stated Maturity: October 21, 1997
Reference Agent: Chemical Bank
GOLDMAN, SACHS & CO.
