Pricing Supplement No. 93 Dated June 25, 1997
(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
$160,000,000 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.
Merrill Lynch, Pierce, Fenner & Smith Incorporated has agreed to purchase the
Notes at a price of 99.70% 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: June 27, 1997
Principal Amount: $160,000,000
Interest Rate Basis: LIBOR having an Index Maturity of three months
plus 12 basis points, except that the Interest Rate
for the period from and including June 27, 1997
to but excluding September 19, 1997 shall be
5.88875% per annum.
Interest Reset Dates: Quarterly on the 19th day of the months of March,
June, September and December, beginning September
19, 1997.
Interest Payment Dates: Quarterly on the 19th day of the months of March,
June, September and December, beginning September
19, 1997, and at Maturity.
Stated Maturity: December 19, 2001
Reference Agent: The Chase Manhattan Bank
MERRILL LYNCH & CO.
