Ford Motor Credit Co, the finance arm of Ford Motor Co, on Wednesday launched a $1 billion five-year note sale, with pricing expected later on Wednesday, said IFR, a Thomson Reuters service.

The notes are expected to yield 9.00 percent, according to IFR.

The joint book managers on the sale are Bank of America Merrill Lynch, Citigroup, JPMorgan and Morgan Stanley.

(Reporting by Caryn Trokie; Editing by James Dalgleish)