Pricing Supplement No. 9 Dated October 7, 1996
(To Prospectus and Prospectus Supplement
Dated October 10, 1995)
Rule 424(b)(3)
Registration Statement
No. 33-55945
FORD MOTOR CREDIT COMPANY
Euro Medium-Term Notes Due from 9 Months
to 30 Years from Date of Issue
Ford Motor Credit Company ("Ford Credit") has designated
Japanese Yen 5,000,000,000 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. JP Morgan Securities
Ltd has agreed to purchase the Notes at a price of 91.480% of
their principal amount for resale at an initial public offering
price of 91.730% of their principal amount. After the initial
public offering, the offering price may be changed.
If an Event of Default with respect to the Notes shall occur and
be continuing or Ford Credit elects or is required to redeem the
Notes as provided in the Prospectus Supplement under "Description
of Notes -- Redemption" or "Description of Notes -- Mandatory
Redemption," the principal amount of the Notes payable upon the
occurrence of any such event shall be the Amortized Face Amount
of the Notes. The "Amortized Face Amount" of the Notes at any
date shall be the amount equal to the sum of (a) the Issue Price
of the Notes plus (b) the original issue discount that has
accrued on the Notes since the Issue Date, but in no event shall
exceed the principal amount at the Stated Maturity of the Notes.
The terms "Issue Price," "Issue Date" and "Original Issue
Discount" shall have the meanings set forth for such terms in
Sections 1272 through 1275 of the United States Internal Revenue
Code of 1986, as amended.
Issue Date: October 23, 1996
Principal Amount: Japanese Yen 5,000,000,000
Interest Rate: 0.25% per annum
Interest Payment Dates: The 23rd day of October in
the years 1997, 1998, 1999 and 2000,
and at Stated Maturity
Maturity Date: October 23, 2001
Redemption Price at
Maturity Date: 100% of Principal Amount
Listing: The Notes will not be listed on the
Luxembourg Stock Exchange or any other
stock exchange
JP MORGAN SECURITIES LTD
