Pricing Supplement No. 1 Dated April 30, 1999
(To Prospectus Supplement Dated April 21, 1999 Filed Pursuant to Rule 424(b)(2)
and Prospectus Dated March 23, 1999) File No. 333-71443 and 333-52725
CASE CREDIT CORPORATION
Medium-Term Notes, Series C - Floating Rate
Agent (Principal Amount): J.P. Morgan Securities Inc. ($12,000,000)
Chase Securities Inc. ($25,000,000)
Merrill Lynch, Pierce, Fenner & Smith
Incorporated ($28,000,000)
Salomon Smith Barney Inc. ($60,000,000)
Aggregate Principal Amount: $125,000,000
Agent's Discount
or Commission: 0.15% of Principal Amount
Net Proceeds to Company: $124,812,500
Original Issue Date: May 5, 1999
Original Issue Price: 100% of Principal Amount
Initial Interest Rate: 5.20875%
Stated Maturity: May 5, 2000
Cusip Number: 146908AL2
Calculation Agent: The Bank of New York
Interest Rate Basis: / / CD Rate / / Commercial Paper Rate
/ / Prime Rate / / Federal Funds Rate
/X/ LIBOR (see below) / / Treasury Rate
/ / CMT Rate (see below) / / Other
-------------------
If LIBOR, designated LIBOR page: If CMT Rate, designated CMT
Telerate Page:
/ / LIBOR Reuters / / 7051
/X/ LIBOR Telerate / / 7052
(/ / weekly or
/ / monthly average)
If Treasury Rate, designated Telerate page:
/ / 56
/ / 57
Interest Determination Dates: Two London Banking Days before the applicable
Interest Reset Date
Interest Reset Dates: May 5, August 5, November 5, February 5
Regular Record Dates: 15th calendar day before the applicable
Interest Payment Date
Interest Payment Dates: May 5, August 5, November 5, February 5
Spread (Plus or Minus): +22 basis points
Spread Multiplier: N/A
Index Maturity: 90 days
Designated CMT
Maturity Index: N/A
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
Redemption:
/X/ The Notes may not be redeemed prior to Stated Maturity.
/ / The Notes may be redeemed prior to Stated Maturity.
Redemption Commencement Date:
------------------------
Redemption Price: % of Principal Amount
---------------
The Redemption Price initially shall be __% of the Principal Amount of the
Note to be redeemed and shall decline at each anniversary of the Redemption
Commencement Date by __% of the Principal Amount to be redeemed until the
Redemption Price is 100% of such Principal Amount.
Repayment:
/X/ The Notes may not be repaid prior to Stated Maturity.
/ / The Notes may be repaid prior to Stated Maturity at the option of the
holder of the Note.
Holder's Optional Repayment Date(s):
------------------
Holder's Optional Repayment Price: % of Principal Amount
---------
2
Original Issue Discount:
/ / Yes
/X/ No
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period OID:
Method Used to Determine Yield for Initial Accrual Period:
/ / Approximate
/ / Exact
Amortization:
/X/ The Notes are not Amortizing Notes.
/ / The Notes are Amortizing Notes.
Amortization Formula:
____________________________
Amortization Payment Date(s):
________________________
Form of Notes:
/X/ Book Entry
/ / Certificated
Agent's Capacity: /X/ Agent / / Principal
If as Principal:
/ / The Agent proposes to offer the Notes from time to time for
resale in negotiated transactions or otherwise, at market prices
prevailing at the time of resale, at prices related to such
prevailing market prices or at negotiated prices.
/ / The Agent proposes to offer the Notes at a fixed initial public
offering price of _____% of Principal Amount.
3
If as Agent:
The Notes are being offered at a fixed initial public
offering price of 100% of Principal Amount.
Other Provisions:
"N/A" as used herein means "Not Applicable."
4