Pricing Supplement No. 14 Dated January 26, 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 $200,000,000
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. Lehman Brothers Inc. has agreed to purchase the
Notes at a price of 100% of the principal amount for resale at an
initial public offering price of 100% of the principal amount.
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 described
in the Pricing Supplement.
Issue Date: February 3, 1994
Principal Amount: $200,000,000
Interest Rate Basis: (a) For the period from and including
February 3, 1994 to but excluding
February 3, 1995, 3.65% per annum; and
(b) thereafter, LIBOR having an Index
Maturity of six months plus 10 basis
points.
Interest Reset Dates The 3rd day of the months of August
for LIBOR: and February during the period
commencing February 3, 1995 and
ending August 3, 1996.
Interest Payment Dates: The 3rd day of the months of August and
February during the period commencing
August 3, 1994 and ending August 3,
1996, and at Stated Maturity.
Stated Maturity: February 3, 1997
Reference Agent: Chemical Bank
LEHMAN BROTHERS INC.
