Filed Pursuant to Rule 433
Dated September 29, 2020
Registration Statement Nos. 333-230334-01, 333-230334-02,
333-230334-03
Relating to
Preliminary Prospectus Supplement dated September 29, 2020
and
Prospectus dated March 15, 2019
CNH INDUSTRIAL CAPITAL LLC
$500,000,000 1.875% NOTES DUE 2026
Issuer: | CNH Industrial Capital LLC |
Guarantors: | CNH Industrial Capital America LLC and New Holland Credit Company, LLC |
Expected Issue Ratings | Baa3 / BBB / BBB- |
Form: | SEC Registered |
Principal Amount: | $500,000,000 |
Trade Date: | September 29, 2020 |
Settlement Date: | October 6, 2020 (T+5) |
Maturity Date: | January 15, 2026 |
Interest Payment Dates: | January 15 and July 15, commencing January 15, 2021 |
Coupon: | 1.875% per annum |
Price to Public: | 99.761% of the principal amount, plus accrued interest from October 6, 2020 if settlement occurs after that date |
Net Proceeds to Issuer Before Expenses: | $495,805,000 |
Benchmark Treasury: | UST 0.250% due September 30, 2025 |
Spread to Benchmark Treasury: | +167 basis points |
Benchmark Treasury Price and Yield: | 99-31+; 0.253% |
Yield to Maturity: | 1.923% |
Optional Redemption: | Make-whole premium based on U.S. Treasury +0.300% (30 basis points); par call one month prior to maturity |
Change of Control: | 101% |
Denominations: | $2,000 x $1,000 |
CUSIP / ISIN: | 12592B AL8/US12592BAL80 |
Joint Book-Running Managers: | Barclays Capital Inc. Citigroup Global Markets Inc. Morgan Stanley & Co. LLC RBC Capital Markets, LLC BBVA Securities Inc. Deutsche Bank Securities Inc. Goldman Sachs & Co. LLC MUFG Securities Americas Inc. |
*Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
The issuer has filed a registration statement (including a prospectus) and a preliminary prospectus supplement with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement and other documents the issuer has filed with the SEC for more complete information about the issuer and the offering. You may get these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and the preliminary prospectus supplement if you request them by contacting: Barclays Capital Inc. toll-free at +1 (888) 603-5847 or by email at barclaysprospectus@broadridge.com; Citigroup Global Markets Inc. toll-free at +1 (800) 831-9146 or by email at
prospectus@citi.com; Morgan Stanley & Co. LLC toll-free at +1 (866) 718-1649 or by email at prospectus@morganstanley.com; or RBC Capital Markets, LLC toll-free at +1 (866) 375-6829 or by email at rbcnyfixedincomeprospectus@rbccm.com.
