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RULE 424 (b)(3)
REGISTRATION STATEMENT NO.
333-41059
Pricing Supplement No. 8 Dated March 16, 1999
(To Prospectus and Prospectus Supplement
Dated March 26, 1998)
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 $1,000,000,000 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., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Salomon Smith
Barney Inc. severally have agreed to purchase, respectively, $225,000,000,
$225,000,000, $275,000,000 and $275,000,000 aggregate principal amount of the
Notes at a price of 99.85% 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: March 19, 1999
Principal Amount: $1,000,000,000.
Interest Rate Basis: LIBOR having an Index Maturity of
three months plus 15 basis points.
Interest Reset Dates: On the Issue Date and thereafter
quarterly on the 19th day of the
months of March, June, September,
and December commencing June 19,
1999.
Interest Payment Dates: Quarterly on the 19th day of the
months of March, June, September
and December commencing June 19,
1999, except that the final
scheduled Interest Payment Date
shall be the Stated Maturity.
Stated Maturity: March 19, 2002.
Reference Agent: The Chase Manhattan Bank.
GOLDMAN, SACHS & CO. LEHMAN BROTHERS INC.
MERRILL LYNCH & CO. SALOMON SMITH BARNEY
