Euro Pricing Supplement No. 11 Dated February 7, 1997
(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
9,500,000,000 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.
Salomon Brothers International Limited has agreed to purchase the Notes at a
price of 92.675% of their principal amount for resale at an initial public
offering price of 92.675% 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: February 27, 1997
Principal Amount: Japanese Yen 9,500,000,000
Interest Rate: 0.25% per annum
Interest Payment Dates: The 27th day of February in
the years 1998, 1999, 2000, and 2001,
and at Stated Maturity
Maturity Date: February 27, 2002
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
Denomination: Japanese Yen 100,000,000
Additional Terms: The reference to "Article 11(3) of the
Financial Services Act 1986
(Investment Advertisements) (Exemptions) Order
1995" on page S-17 of the Prospectus
Supplement is revised to "Article 11(3) of the
Financial Services Act 1986 (Investment
Advertisements) (Exemptions) Order 1996"
SALOMON BROTHERS INTERNATIONAL LIMITED