424B2 1 d90358d424b2.htm 424B2 424B2

CALCULATION OF REGISTRATION FEE

 

 

Title of Each Class of Securities Offered   Maximum Aggregate
Offering Price
  Amount of
Registration Fee

Senior Debt Securities

  $250,000,000   $29,050

 

 

 

Pricing Supplement Dated August 10, 2015

(To Prospectus dated November 7, 2012 and

Prospectus Supplement dated November 7, 2012)

 

Filed Pursuant to Rule 424(b)(2)

Registration No. 333-184808

PACCAR Financial Corp.

Medium-Term Notes, Series N – Fixed Rate

CUSIP # 69371RM60

(the “Notes”)

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

¨   Barclays Capital Inc.

¨   Citigroup Global Markets Inc.

¨   Mitsubishi UFJ Securities (USA), Inc.

¨   BNP Paribas Securities Corp.

x   J.P. Morgan Securities LLC

¨   Goldman, Sachs & Co.

x   Other: RBC Capital Markets, LLC

U.S. Bancorp Investments, Inc.

Wells Fargo Securities, LLC

ANZ Securities, Inc.

Mizuho Securities USA Inc.

TD Securities (USA) LLC

The Williams Capital Group, L.P.

acting as x principal ¨ agent

at: ¨ varying prices related to prevailing market prices at the time of resale

     x a fixed initial public offering price of 99.924% of the Principal Amount.

 

 

Principal Amount: $250,000,000   Original Issue Date: August 14, 2015 (T+4)
Agent’s Discount or Commission: 0.20%   Final Maturity Date: August 14, 2018
Net Proceeds to Company: $249,310,000  

Interest Payment Dates: Semi-annually on each February 14 and August 14, commencing February 14, 2016

 

Record Dates: January 31 and July 31 preceding the applicable Interest Payment Date

 

Interest Rate: 1.750% per annum

Redemption:

 

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

 

¨ The Notes may be redeemed at our option prior to the Maturity Date.

Initial Redemption Date:

Initial Redemption Percentage:     %

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


Repayment:

 

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

 

¨ The Notes may be repaid prior to the Maturity Date at the option of the holder of the Notes.

Option Repayment Date(s):

Currency:

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

Minimum Denominations: $1,000 and integral multiples of $1,000 in excess thereof

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

If Discount Note, check ¨

     Issue Price:     %

Form:        x  Book-Entry    ¨  Certificated

Plan of Distribution:

 

Name

   Title      Principal Amount of Notes  

J.P. Morgan Securities LLC

     Bookrunner       $ 50,000,000   

RBC Capital Markets, LLC

     Bookrunner       $ 50,000,000   

U.S. Bancorp Investments, Inc.

     Bookrunner       $ 50,000,000   

Wells Fargo Securities, LLC

     Bookrunner       $ 50,000,000   

ANZ Securities, Inc.

     Co-Manager       $ 12,500,000   

Mizuho Securities USA Inc.

     Co-Manager       $ 12,500,000   

TD Securities (USA) LLC

     Co-Manager       $ 12,500,000   

The Williams Capital Group, L.P.

     Co-Manager       $ 12,500,000   
     

 

 

 

Total

      $ 250,000,000   
     

 

 

 

Other Provisions: N/A

Supplemental United States Federal Income Taxation

The following discussion supplements the discussion contained in the accompanying Prospectus and Prospectus Supplement under the caption “United States Federal Income Taxation—Non-U.S. Holders—Foreign Account Tax Compliance.”

Pursuant to Treasury Regulations, the Foreign Account Tax Compliance Act (“FATCA”) currently applies to payments of interest (including OID) and will apply to payments of gross proceeds from a sale or other disposition (including upon maturity) of the Notes paid after December 31, 2016.