Pricing Supplement No. 2 Dated May 18, 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 $250,000,000 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. Merrill Lynch & Co.,
Merrill Lynch, Pierce, Fenner & Smith Incorporated has 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: May 27, 1994
Principal Amount: $250,000,000
Interest Rate Basis: (a) For the period from and including
May 27, 1994 to but excluding
August 27, 1994, LIBOR having an
Index Maturity of three months as
determined on May 25, 1994,
plus 18.75 basis points; and (b)
thereafter, LIBOR having an Index
Maturity of three months
plus 18.75 basis points.
Interest Reset Dates The 27th day of the months of February,
for LIBOR: May, August and November during the
period commencing August 27, 1994 and
ending February 27, 1997.
Interest Payment Dates: The 27th day of the months of February,
May, August and November during the
period commencing August 27, 1994 and
ending February 27, 1997, and at Stated
Maturity.
Stated Maturity: May 27, 1997
Reference Agent: Chemical Bank
MERRILL LYNCH & CO.
