Filed Pursuant to Rule 424(b)(3)
Registration No. 33-62485
PRICE SUPPLEMENT NO. 1 DATED: July 19, 1996
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(To Prospectus Dated November 7, 1995 as supplemented by Prospectus Supplement
Dated November 10, 1995)
PITNEY BOWES CREDIT CORPORATION
Medium-Term Notes, Series C
THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND
EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION, NOR HAS THE SECURITIES
AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE
ACCURACY OR ADEQUACY OF THIS PRICING SUPPLEMENT, THE PROSPECTUS SUPPLEMENT OR
THE PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
Principal Amount: $200,000,000.00 Issue Price: 100%
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Date of Original Interest Rate/Initial
Issue: July 23, 1996 Interest Rate: 6.54%
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Maturity Date: July 15, 1999 Interest Payment
------------- Dates: May 15 and November 15
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Form: X Book-Entry Certificated
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<TABLE>
<CAPTION>
<S> <C>
Interest Rate Basis Interest Determination
Dates: N.A.
----
X Fixed Rate Note Interest Asset Dates: N.A.
- ---- ----
Commercial Paper Rate Note Interest Asset Period: N.A.
- ---- ----
Federal Funds Rate Note Index Maturity: N.A.
- ---- ----
LIBOR Note Spread (plus or minus):N.A.
- ---- ----
Spread Multiplier: N.A.
----
Prime Rate Note Calculation Dates: N.A.
- ---- ----
Calculation Agent: N.A.
----
CD Rate Note Maximum Interest Rate: N.A.
- ---- ----
Treasury Rate Note Minimum Interest Rate: N.A.
- ---- ----
Other Base Rate Redemption Commencement
- ---- (as described below) Date: N.A.
----
Zero Coupon Note Initial Redemption
- ---- Percentage: N.A.
----
Reduction Percentage: N.A.
----
</TABLE>
<PAGE>
Other Terms: For Original Issue Discount Notes:
Original Issuance Discount: ______%
Yield to Maturity: ______%
Original Issue discount applicable
to accrual period: _____________%
Short Accrual Period: ______________%
Method used to determine yield of maturity
applicable to short accrual period:
_____ Approximate
_____ Exact
Original Issue Discount Note:
___ Subject to special provisions set
forth therein with respect to the
principal amount thereof payable
upon any redemption or acceleration
of the maturity thereof.
___For Federal income tax purposes
only.
OID Percentage for Tax
Purposes: ______________%
OID As Percentage of Original
Principal Amount:______________%
Annual Yield to Maturity for
Computing OID:______________%
