Registration No. 33-49971 Rule 424 (b)(2)
Pricing Supplement No. 031
Dated: February 08, 1994
Caterpillar Financial Services Corporation
Medium-Term Notes, Series E
(Fixed Rate)
With Maturities of 9 Months or More from Date of Issue
Interest payable each April 1 and October 1 and at Maturity
Principal Amount: Interest Rate: Maturity Date:
$20,000,000. 4.30%(See Other Terms) 02/09/99
Original Issue Date: Specified Currency Option to Elect
02/09/94 (if other than U.S. Payment in U.S. dollars
dollars): N/A (only applicable if
Specified Currency is
other than U.S. dollars):
N/A
The Note is a: Authorized Denominations
x Global Note (only applicable if
_ Certificated Note Specified Currency is other
(only applicable if than U.S. dollars): N/A
Specified Currency
is other than U.S.
dollars) Exchange Rate Agent
(if other than Morgan Guaranty
Trust Company of New York): N/A
Original Issue Total Amount of OID: N/A Terms of Amortizing
Discount Note: Notes: N/A
Yes x No Issue Price (expressed
as a percentage of
aggregate principal
amount): 100%
Redemption Date(s) (including Redemption Price(s): N/A
any applicable regular or
special record dates): N/A
Repayment Date(s) (including Repayment Price(s): 100%
any applicable regular or
special record dates): 02/09/96 (See Other Terms)
Interest Rate Reset Option: _ Yes X No
Optional Reset Dates (only applicable if option to reset interest rate): N/A
Basis for Interest Rate Reset (only applicable if option to reset interest
rate): N/A
Stated Maturity Extension Option: _ Yes x No
Extension Period(s) and Final Maturity Date (only applicable if option to
extend stated maturity): N/A
Basis for Interest Rate During Extension Period (only applicable if option to
extend stated maturity): N/A
Historical Exchange Rate (only applicable if Specified Currency other than
U.S. dollars): N/A
Other Terms: For the period from the Issue Date to, but excluding October 22,
1996, interest will accrue on the Notes at a rate equal to 4.30%, on the basis
of a year consisting of twelve, thirty-day months. The Notes are repayable at
the option of the holder on February 09, 1996. If the holder does not request
repayment of the Notes, interest will accrue at a rate equal to 6.07% for the
period from February 09, 1996, to, but excluding the Maturity Date, on the
basis of a year consisting of twelve, thirty-day months.
The interest rates on the Notes may be changed by Caterpillar Financial
Services Corporation from time to time, but any such change will not affect
the interest rate on any Note ordered prior to the effective date of the
change. Prior to the date of this Pricing Supplement, $ 501.25 principal
amount of the Notes had been sold at interest rates then in effect.
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Pricing Supplement to Prospectus Supplement dated August 27, 1993
and Prospectus dated August 19, 1993
