424B3 1 mtn3yrfloatrateprice447.htm 3YR FRN FLOAT RATE MTN PRICE SUPPLEMENT mtn3yrfloatrateprice447.htm

CALCULATION OF REGISTRATION FEE
   
Title of Each Class of Securities Offered
Maximum Aggregate Offering Price (1)
Amount of Registration Fee(2)
MEDIUM-TERM NOTES, SERIES F, FLOATING RATE NOTES DUE 2014
$250,000,000
$29,025.00
(1) Excludes accrued interest, if any.
   
(2) The filing fee of $29,025.00 is calculated in accordance with Rule 457(r) under the Securities Act of 1933.
     
PRICING SUPPLEMENT NO. 447
 
Filed Pursuant to Rule 424(b)(3)
Dated March 23, 2011 to
 
Registration No. 333-150218
PROSPECTUS SUPPLEMENT
   
Dated April 11, 2008 and
   
PROSPECTUS
   
Dated April 11, 2008
   
CATERPILLAR FINANCIAL SERVICES CORPORATION
MEDIUM-TERM NOTES, SERIES F, FLOATING RATE NOTES DUE 2014
     
SUBJECT
 
FINAL PRICING DETAILS
     
Issuer:
 
Caterpillar Financial Services Corporation
Title of Securities:
 
Medium-Term Notes, Series F, Floating Rate Notes Due 2014
Form of Security:
 
Global Note
Format:
 
SEC Registered-Registration Statement Number 333-150218
Trade Date/Pricing Effective Time:
 
March 23, 2011
Settlement Date (Original Issue Date):
 
April 1, 2011, which is the seventh business day following the Trade Date. Accordingly, purchasers who wish to trade the Medium-Term Notes on the date hereof or the next three business days will be required, because the Medium-Term Notes will not initially settle in T+3, to specify an alternative settlement date at the time of such trade to prevent a failed settlement and should consult their own advisors.
Maturity Date:
 
April 1, 2014
Principal Amount:
 
$250,000,000
Price to Public (Issue Price):
 
100.00%
Dealers' Commission:
 
0.25% (25 basis points)
All-in-price:
 
99.750%
Net Proceeds to Issuer:
 
$249,375,000
Interest Rate Basis (Benchmark):
 
3 Month USD LIBOR
Index Currency:
 
U.S. Dollars
Spread (Plus or Minus):
 
+ 29 basis points (0.29%)
Spread Multiplier:
 
N/A
Spread/Spread Multiplier Reset Option:
 
N/A
Optional Reset Dates (only applicable if option to reset spread or spread multiplier):
N/A
Basis for Interest Rate Reset (only applicable if option to reset spread or spread multiplier):
N/A
Index Maturity:
 
Three Months
Interest Rate Calculation:
 
USD LIBOR determined on Interest Determination Date plus the Spread
Specified Currency:
 
U.S. Dollars
Option to Elect Payment in U.S. Dollars  (only applicable if Specified Currency is other than U.S. Dollars):
N/A
Authorized Denominations (only applicable if Specified Currency is other than U.S. Dollars):
N/A
Historical Exchange Rate (only applicable if Specified Currency is other than U.S. Dollars):
N/A
Initial Interest Rate:
 
To be determined two (2) London Business Days prior to the Original Issue Date
Maximum Interest Rate:
 
N/A
Minimum Interest Rate:
 
N/A
Interest Reset Periods and Dates:
 
Quarterly on the 1st of January, April, July and October of each year prior
   
to the Maturity Date
Interest Determination Dates:
 
Quarterly, two (2) London Business Days prior to each Interest Reset Date
Interest Payment Dates:
 
Interest will be paid quarterly on the 1st of January, April, July and October of
   
each year, commencing July 1, 2011 and ending on the Maturity Date
Stated Maturity Extension Option:
 
N/A
Extension Period(s) and Final Maturity Date (only applicable if option to extend stated maturity):
N/A
Basis for Interest Rate During Extension Period (only applicable if option to extend stated maturity):
N/A
Original Issue Discount Note:
 
N/A
Total Amount of OID:
 
N/A
Terms of Amortizing Notes:
 
N/A
Redemption Date(s):
 
N/A
Redemption Price:
 
N/A
Repayment Date(s):
 
N/A
Repayment Price(s):
 
N/A
Day Count Convention:
 
Actual/360
Denominations:
 
Minimum denominations of $1,000 with increments of $1,000 thereafter
Joint Bookrunners:
 
Citigroup Global Markets Inc. (39.5%)
   
Goldman, Sachs & Co. (39.5%)
Co-Managers:
 
Banco Bilbao Vizcaya Argentaria, S.A. (3.00%)
   
BNP Paribas Securities Corp. (3.00%)
   
Commerz Markets LLC (3.00%)
   
HSBC Securities (USA) Inc. (3.00%)
   
ING Financial Markets LLC (3.00%)
   
Lloyds Securities Inc. (3.00%)
   
Standard Chartered Bank (3.00%)
   
Standard Chartered Bank  and  Banco Bilbao Vizcaya Argentaria, S.A. will not effect any offers or sales of any notes in the United States unless it is through one or more U.S. registered broker-dealers as permitted by the regulations of FINRA.
Billing and Delivery Agents:
 
Citigroup Global Markets Inc.
Exchange Rate Agent:
 
U.S. Bank Trust National Association
Calculation Agent:
 
U.S. Bank Trust National Association
Cusip:
 
14912L4U2
Other Terms:
 
N/A
     
CAPITALIZED TERMS USED HEREIN WHICH ARE DEFINED IN THE PROSPECTUS SUPPLEMENT SHALL HAVE THE MEANINGS ASCRIBED THERETO IN THE PROSPECTUS SUPPLEMENT. THE INTEREST RATES ON THE NOTES MAY BE CHANGED BY CATERPILLAR FINANCIAL SERVICES CORPORATION FROM TIME TO TIME, BUT ANY SUCH CHANGE WILL NOT AFFECT THE INTEREST RATE ON ANY NOTES OFFERED PRIOR TO THE EFFECTIVE DATE OF THE CHANGE.