Pricing Supplement No. 103 Dated November 29, 1994
(To Prospectus and Prospectus Supplement
Dated May 4, 1994)
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: December 6, 1994
Principal Amount: $100,000,000
Interest Rate Basis: LIBOR having an Index Maturity of three months plus
16 basis points
Interest Reset Dates: December 6, 1994 and the 9th day of the months of
March, June, September and December during the
period commencing March 9, 1995 and ending September
9, 1997.
Interest Payment Dates: The 9th day of the months of March, June, September
and December during the period commencing
March 9, 1995 and ending September 9, 1997, and
at Stated Maturity.
Stated Maturity: December 9, 1997
Reference Agent: Chemical Bank
GOLDMAN, SACHS & CO.
