Pricing Supplement No. 17 Dated January 31, 1994
(To Prospectus and Prospectus Supplement
Dated December 1, 1993)
Rule 424(b)(3)
Registration Statement
No. 33-51075
U.S.$3,000,000,000
FORD MOTOR CREDIT COMPANY
Medium-Term Notes Due from 9 Months
to 30 Years from Date of Issue
Ford Motor Credit Company has designated Medium-Term Notes
Due from 9 Months to 30 Years from Date of Issue, offered at an
original issue discount of 23.574% from the principal amount
thereof payable at Stated Maturity. No interest payments will be
made in respect of the Notes. The principal amount of the Notes
($20,000,000) will be paid at Stated Maturity.
Merrill Lynch & Co., Merrill Lynch, Pierce, Fenner & Smith
Incorporated, has agreed to purchase the Notes at a price of
76.160% of the principal amount for resale at the initial public
offering price set forth below. After the initial public
offering, the public offering price may be changed.
See the accompanying Prospectus and Prospectus Supplement
for further information regarding the Notes. Particular
reference is made to "Description of Notes -- General" and
"United States Taxation -- United States Persons -- Original
Issue Discount" in the Prospectus Supplement.
Issue Date: February 14, 1994
Stated Maturity: February 16, 1999
PRINCIPAL
AMOUNT AT
STATED PRICE TO UNDERWRITING PROCEEDS TO
MATURITY PUBLIC DISCOUNT FORD CREDIT
--------- -------- ------------ -----------
Per Note 100% 76.426% .266% 76.160%
Total $20,000,000 $15,285,200 $53,200 $15,232,000
MERRILL LYNCH & CO.
