Filed Pursuant to Rule 433

Registration No. 333-233119

Pricing Term Sheet

October 19, 2020

Issuer:	American Honda Finance Corporation
Security:	Floating Rate Medium-Term Notes, Series A
Issuer Senior Long-Term Debt Ratings*:	Moody’s Investors Service, Inc.: A3 (negative outlook) Standard & Poor’s Ratings Services: A- (negative outlook)
CUSIP/ISIN:	02665WDQ1 / US02665WDQ15
Trade Date:	October 19, 2020
Original Issue Date:	October 21, 2020 (T+2)
Stated Maturity Date:	January 21, 2022
Principal Amount:	$450,000,000
Interest Category:	Regular Floating Rate Note
Interest Rate Basis:	LIBOR
Designated LIBOR Page:	Reuters Page LIBOR01
Index Maturity:	3 Month
Initial Interest Rate:	The initial interest rate will be based on 3 Month LIBOR determined on October 19, 2020 plus the Spread, accruing from October 21, 2020
Initial Interest Reset Date:	January 21, 2021
Interest Reset Dates:	Each Interest Payment Date
Interest Determination Date:	The second London Banking Day preceding each Interest Reset Date
Interest Payment Frequency:	Quarterly
Interest Payment Dates:	Each January 21, April 21, July 21 and October 21, beginning on January 21, 2021, and on the Stated Maturity Date
Spread:	+12 bps
Designated LIBOR Currency:	U.S. dollars
Price to Public:	100.000%
Commission:	0.0425%
Net Proceeds to Issuer:	99.9575% / $449,808,750
Day Count Convention:	Actual/360
Business Day Convention:	Modified Following (adjusted); provided, however, if the Stated Maturity Date falls on a day that is not a Business Day, the payment of principal and interest that is due on the Stated Maturity Date will be made on the next succeeding Business Day, and no interest on such payment will accrue for the period from and after the Stated Maturity Date to the date of that payment on the next succeeding Business Day.
Record Dates:	15th calendar day, whether or not a Business Day, preceding the related Interest Payment Date
Calculation Agent:	Deutsche Bank Trust Company Americas
Business Days:	New York and London
Minimum Denominations:	$2,000 and $1,000 increments thereafter
Joint Book-Running Managers:	BofA Securities, Inc.
	Deutsche Bank Securities Inc. Wells Fargo Securities, LLC
DTC Number:	773

*A securities rating is not a recommendation to buy, sell or hold securities and may be changed or withdrawn at any time.

No PRIIPs KID – No PRIIPs key information document (KID) has been prepared as not available to retail in EEA.

This term sheet supplements the prospectus supplement dated August 8, 2019 and the related prospectus dated August 8, 2019; capitalized terms used in this term sheet, but otherwise not defined, shall have the meanings assigned to them in the related prospectus supplement and prospectus.

The issuer has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. Before you invest, you should read the aforementioned prospectus and prospectus supplement 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 web at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the aforementioned prospectus, the prospectus supplement and the applicable pricing supplement if you request them by calling BofA Securities, Inc. toll-free at 1-800-294-1322, Deutsche Bank Securities Inc. toll-free at 1-800-503-4611, or Wells Fargo Securities, LLC toll-free at 1-800-645-3751.

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