Pricing Supplement No. 210 Dated October 23, 1996
(To Prospectus and Prospectus Supplement
Dated October 10, 1995)
Rule 424(b)(3)
Registration Statement
U.S.$4,000,000,000 No. 33-55945
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 $50,000,000
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 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: November 7, 1996
Principal Amount: $50,000,000
Interest Rate: 7.35% per annum
Interest Payment Dates: May 7 and November 7 of each year
commencing May 7, 1997
Stated Maturity: November 7, 2011
Ford Credit may, at its option, redeem the Notes upon not less than
30 nor more than 60 days' notice given in the manner provided in the
Indenture, as a whole but not in part, on November 7, 2001 and on any
Interest Payment Date thereafter (any such day so designated being a
"Redemption Date") at a redemption price equal to 100% of the principal
amount of the Notes to be redeemed plus accrued interest thereon to the
Redemption Date. If any Redemption Date is not a Business Day, the Notes
will be redeemed on the next succeeding Business Day and no interest shall
accrue for the period from and after such Redemption Date.
LEHMAN BROTHERS INC.
