Pricing Supplement No. 9 Dated December 5, 1996
(To Prospectus and Prospectus Supplement
Dated October 24, 1996)
Rule 424(b)(3)
Registration Statement
No. 33-64237
U.S.$5,000,000,000
FORD MOTOR CREDIT COMPANY
Medium-Term Notes Due from 9 Months
to 30 Years from Date of Issue
Ford Motor Credit Company ("Ford Credit") 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.
Lehman Brothers Inc. has agreed to purchase the Notes at a price
of 99.917% of their principal amount for resale at an initial public offering
price of 100% of their principal amount. After the initial public offering,
the offering price may be changed.
Issue Date: December 10, 1996
Principal Amount: $100,000,000
Interest Rate Basis: LIBOR having an Index Maturity of three months
plus 4 basis points
Interest Reset Dates: Quarterly on the 10th day of the months of March,
June, September and December, commencing March 10,
1997
Interest Payment Dates: Quarterly on the 10th day of the months of March,
June, September and December, commencing March 10,
1997, and at Stated Maturity
Stated Maturity: December 10, 1999
Reference Agent: The Chase Manhattan Bank
LEHMAN BROTHERS INC.