Registration No. 33-54239 Rule 424 (b)(2)
Pricing Supplement No. 014
Dated: October 14, 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:
$5,000,000. 7.64% 10/18/99
Original Issue Date: Specified Currency Option to Elect
10/18/94 (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): See Below
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): N/A
any applicable regular or
special record dates): N/A
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
Interest rates offered by the Company with respect to the Notes may
differ depending upon among other things, the aggregate principal amount of
Notes purchased in any single transaction.
Merrill Lynch & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated
has purchased the Notes as principal at a discount equal to 99.00% of the
principal amount offered hereby, for resale to investors and other purchasers
at varying prices related to prevailing market prices at the time of resale.
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, $171.00MM principal
amount of the Notes had been sold at interest rates then in effect.
_________________________________
Pricing Supplement to Prospectus Supplement dated July 21, 1994
and Prospectus dated June 27, 1994
