-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OdXsnDmsVi/ktXdha7qq1mG2Syz0jbZu/qhjugGPTBMjB8m8mOwl9O5/PVtAXZAD 8ray0NrUVanA8XBFB78GDA== 0000353524-97-000010.txt : 19970225 0000353524-97-000010.hdr.sgml : 19970225 ACCESSION NUMBER: 0000353524-97-000010 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970204 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: IBM CREDIT CORP CENTRAL INDEX KEY: 0000353524 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE LESSORS [6172] IRS NUMBER: 222351962 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-06335 FILM NUMBER: 97517699 BUSINESS ADDRESS: STREET 1: 290 HARBOR DR STREET 2: P O BOX 10399 CITY: STAMFORD STATE: CT ZIP: 06904 BUSINESS PHONE: 2039735100 MAIL ADDRESS: STREET 1: 290 HARBOR DR STREET 2: PO BOX 10399 CITY: STAMFORD STATE: CT ZIP: 06904 424B3 1 PRICING SUPPLEMENT NO. 21 Rule 424(b)(3) Registration No. 333-06335 PRICING SUPPLEMENT NO. 21 TO PROSPECTUS DATED JULY 30, 1996 (As supplemented August 8, 1996) IBM CREDIT CORPORATION MEDIUM-TERM NOTES (Variable Rate Note) (Due One Year or More from Date of Issue) Designation: Variable Rate Original Issue Date: Medium-Term Notes Due February 12, 1997 February 12, 1998 Principal Amount: $50,000,000 Maturity Date: February 12, 1998 Issue Price (as a percentage of Regular Record Dates: Principal Amount): 99.96% Fifteenth calendar day, whether or not a Business Day, immediately preceding the corresponding Interest Payment Date Interest Rate: Fed Funds Interest Payment Dates: Daily Unweighted Average + 20bp Quarterly on the 12th day of each May, (1 Day Lag, 1 Day Rate Cutoff) August, November, and February commencing May 12, 1997 and ending on the maturity date with no adjustment for period end date on a following New York Business Day convention. Commission or discount (as a CUSIP: 449 22L 3B0 percentage of Principal Amount): .04% Redemption Provision: N/A Option Provisions: Issuer has the right to convert to a Fixed Interest Rate of 5.90% beginning August 12, 1997 and on each Interest Payment Date thereafter. Form: [X] Book-Entry [ ] Certified This Pricing Supplement supplements and, to the extent inconsistent therewith, amends the description of the Notes referred to above in the accompanying Prospectus Supplement and Prospectus. INTEREST Interest on the Notes will be calculated based on a year of 360 days consisting of 12 months and the actual number of days occurring in any such month. If any payment of principal or interest is due on a day that is not a Business Day, that payment may be made on the next succeeding Business Day. No additional interest will accrue as a result of the delay in payment. For purposes of the offering made hereby, "Business Day" as used herein and in the accompanying Prospectus Supplement means each day on which commercial banks and foreign exchange markets settle payments in The City of New York. Capitalized terms used but not defined herein have the meanings assigned in the accompanying Prospectus Supplement and Prospectus. OPTION Issuer will have the right to convert in whole from a Fed Funds based interest rate to a Fixed Interest Rate of 5.90% on August 12, 1997 and on each Interest Payment Date thereafter, upon 10 calendar days irrevocable notice by telephone and facsimile prior to 12:00 noon. PLAN OF DISTRIBUTION The Notes will be sold to Smith Barney Inc. for resale to one or more investors at a fixed public offering price. After the initial public offering of the Notes, the public offering price and any concession or discount may be changed. Dated: January 29, 1997 -----END PRIVACY-ENHANCED MESSAGE-----