Pricing Supplement No. 5 Dated October 9, 1998
(To Prospectus and Prospectus Supplement
Dated March 26, 1998)
Rule 424(b)(3)
Registration Statement
No. 333-41059
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 has designated $390,000,000 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., Lehman Brothers
Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated severally have
agreed to purchase, respectively, $310,000,000, $75,000,000 and $5,000,000
aggregate principal amount of the Notes at a price of 99.750% 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: October 9, 1998.
Principal Amount: $390,000,000.
Interest Rate Basis: LIBOR having an Index Maturity of
three months plus 32 basis points.
Interest Reset Dates: Quarterly on the 9th day of the
months of January, April, July and
October.
Interest Payment Dates: Quarterly on the 9th day of the
months of January, April, July and
October commencing January 9, 1999.
Stated Maturity: October 9, 2001
Reference Agent: The Chase Manhattan Bank.
GOLDMAN, SACHS & CO. LEHMAN BROTHERS
MERRILL LYNCH & CO.
