Pricing Supplement No. 7 Dated March 19,1996
(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
20,000,000,000 aggregate principal amount of its Euro Medium-Term Notes Due
from 9 Months to 30 Years from Date of Issue having specific terms set forth
below (the "Notes"). Nomura International plc has agreed to purchase the
Notes at a price of 100.00% of their principal amount for resale at an
initial public offering price of 100.00% of their principal amount. After
the initial public offering, the offering price may be changed.
Issue Date: April 10, 1996.
Principal Amount: Japanese Yen 20,000,000,000.
Interest Rate: 2.66% per annum
Interest Payment Dates: The 10th day of April of each year, commencing April
10, 1997.
Maturity Date: April 10, 2001.
"Business Day"
definition "Business Day" means any day that is not a Saturday
or a Sunday and that in, the city of New York,
London or Tokyo is not a day on which banking
institutions are generally authorized or obligated
to close.
Redemption Price at
Maturity Date: 100% of Principal Amount.
ISIN: XS0065039694
Common Code: 6503969
Listing: The Notes will not be listed on the Luxembourg Stock
Exchange or any other stock exchange.
NOMURA INTERNATIONAL PLC
