424B3 1 a08-9784_1424b3.htm 424B3

 

Calculation of Registration Fee

 

Title of each class of securities offered

 

Maximum Aggregate Offering Price

 

Amount of Registration Fee

 

Senior Debt Securities

 

$

145,000,000

 

$

5,698.50

 

 

Pricing Supplement dated March 28, 2008

 

Rule 424(b) (3)

(To Prospectus dated November 6, 2006 and

 

File No.333-138464

Prospectus Supplement dated November 6, 2006)

 

 

 

PACCAR FINANCIAL CORP.

Medium-Term Notes - Floating Rate

CUSIP# 69371RJ56

We are hereby offering to sell Notes having the terms specified below to you with the assistance of:

 

o  BNP Paribas Securities Corp.

x  Barclays Capital Inc

¨  Citigroup Global Markets Inc.

¨  Goldman, Sachs & Co.

¨  UBS Securities LLC

¨  Morgan Stanley & Co., Inc.

¨  Other:  Banc of America Securities LLC

acting as o principal x agent

 

 

at: ovarying prices related to prevailing market prices at the time of resale x a fixed initial public offering price of 100% of the Principal Amount.

 

Principal Amount:   $145,000,000

Original Issue Date:

April 2, 2008

 

 

 

Agent’s Discount or Commission: 0.06%

Final Maturity Date:

April 1, 2011

 

 

 

Net Proceeds to Company:  $144,913,870

Interest Payment Date(s):

Quarterly on the 2nd or the next business day of January, April, July, and October with the exception of a short final coupon on April 1, 2011,  commencing July 2, 2008

Calculation Agent:

Interest Calculation:

x

 

Regular Floating Rate Note

 

o

 

Floating Rate/Fixed Rate Note

o

 

Inverse Floating Rate Note

 

 

 

Fixed Rate Commencement Date:

 

 

Fixed Interest Rate:

 

 

 

Fixed Interest Rate:

o

 

Other Floating Rate Note (see attached)

 

 

 

 

 

Initial Interest Rate: To be determined

Initial Interest Reset Date: July 2, 2008

Interest Reset Date(s): Quarterly on the 2nd or the next business day of January, April, July, and October with the exception of a short final coupon on April 1, 2011.

 

Interest Rate Basis:

o

 

CD Rate

 

 

o

 

Federal Funds Rate

 

o

 

Prime Rate

o

 

Commercial Paper Rate

x

 

LIBOR

 

o

 

Treasury Rate

o

 

CMT Rate

 

 

Designated LIBOR Page:

 

o

 

Other (see attached)

 

 

o

 

CMT Telerate Page 7051

 

 

x

 

LIBOR Reuters Page

 

 

 

 

 

 

o

 

CMT Telerate Page 7052

 

 

o

 

LIBOR Telerate Page 3750

 

 

 

 

 

 

 

 

If CMT Telerate Page 7052:

LIBOR Currency: USD

 

 

 

 

 

 

 

 

 

 

o

 

Weekly Average

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

o

 

Monthly Average

 

 

 

 

 

 

 

 

 

 

 

 



 

Index Maturity: 3 Month LIBOR

Spread (+/-):  +.75%

Spread Multiplier: N/A

Maximum Interest Rate: N/A

Minimum Interest Rate: N/A

 

Day Count Convention:

o    30/360 for the period from              to            .

x   Actual/360 for the period from April 2, 2008 to April 1, 2011.

o    Actual/Actual for the period from           to            .

 

Redemption:

x   The Notes may not be redeemed prior to the Maturity Date.

o    The Notes may be redeemed at the option of the Company prior to Maturity Date.

Initial Redemption Date:

Initial Redemption Percentage:       %

Annual Redemption Percentage Reduction:       % until Redemption Percentage is 100% of the Principal Amount.

o    The Notes shall be redeemed by the Company prior to the Maturity Date (see attached).

 

Currency:

Specified Currency: USD (If other than U.S. dollars see attached)

Minimum Denominations:                      (Applicable only if Specified Currency is other than U.S. dollars)

Exchange Rate Agent:                           (Applicable only if Specified Currency is other than U.S. dollars)

 

If Discount Note, check o

    Issue Price:       %

 

Form:   x Book-Entry      o Certificated

 

Other Provisions:

 

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates.  Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering.  You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov.  Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Barclays Capital Inc toll-free at 1-888-227-2775 x2663 or the issuer at 1-425-468-7400.