Pricing Supplement No. 147 Dated November 19, 1997
(To Prospectus and Prospectus Supplement Rule 424(b)(3)
Dated October 24, 1996) 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
$25,000,000 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.
Goldman, Sachs & Co. have agreed to purchase the Notes at a price of 99.75%
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 24, 1997
Principal Amount: $25,000,000
Interest Rate Basis: LIBOR having an Index Maturity of three months
plus 7 basis points, except that the Interest
Rate for the period from and including November
24, 1997 to but excluding February 27, 1998
shall be 5.945% per annum.
Interest Reset Dates: Quarterly on the 27th day of the months of
February, May, August and November, beginning
February 27, 1998.
Interest Payment Dates: Quarterly on the 27th day of the months of
February, May, August and November, beginning
February 27, 1998, and at Maturity.
Stated Maturity: November 27, 2000
Reference Agent: The Chase Manhattan Bank
GOLDMAN, SACHS & CO.
