Issuer Free Writing Prospectus
Filed Pursuant to Rule 433
March 2, 2022
Registration Statement No. 333-237579
Supplementing the Preliminary Pricing Supplement, dated March 2, 2022,
and the Prospectus Supplement and Prospectus, each dated April 6, 2020
John Deere Capital Corporation
$300 million Floating Rate Senior Notes Due March 7, 2025
Issuer: | John Deere Capital Corporation |
Expected Ratings*: | A2 by Moody’s Investors Service,Inc. |
A by Standard and Poor’s Ratings Services | |
A by Fitch Ratings,Inc. | |
Note Type: | Medium-Term Notes, Series H |
Issue Size: | $300 million |
Trade Date: | March 2, 2022 |
Settlement Date (T+3): | March 7, 2022 |
Maturity Date: | March 7, 2025 |
Coupon: | Compounded SOFR (as defined in the Preliminary Pricing Supplement dated March 2, 2022) determined on the Interest Determination Dates + 56 bps |
Benchmark: | Compounded SOFR |
Minimum Interest Rate: | 0.000% |
Interest Payment Dates: | Quarterly on the 7th of March, June, September and December commencing on June 7, 2022 and ending on the Maturity Date. |
Interest Reset Dates: | Each Interest Payment Date. |
Interest Determination Dates: | Quarterly, five U.S. Government Securities Business Days preceding each Interest Reset Date. |
Interest Period: | Each quarterly period from, and including, an Interest Payment Date (or, in the case of the first Interest Period, the Settlement Date) to, but excluding, the next Interest Payment Date (or, in the case of the final Interest Period, the Maturity Date). |
Observation Period: | The period from and including five U.S. Government Securities Business Days preceding an Interest Payment Date to but excluding five U.S. Government Securities Business Days preceding the next Interest Payment Date, provided that the first Observation Period shall be from and including five U.S. Government Securities Business Days preceding the Settlement Date to but excluding five U.S. Government Securities Business Days preceding the first Interest Payment Date. |
Day Count: | Actual/360, Adjusted |
Business Day Convention: | Modified Following, Adjusted |
Denominations: | Minimum of $1,000 with increments of $1,000 thereafter. |
Redemption Provision: | N/A |
Price to Public: | 100.000% plus accrued interest from March 7, 2022 |
Gross Spread: | 0.150% |
Net Proceeds (%): | 99.850% plus accrued interest from March 7, 2022 |
Net Proceeds ($): | $299,550,000 plus accrued interest from March 7, 2022 |
CUSIP / ISIN: | 24422EWC9 / US24422EWC91 |
Joint Book-Running Managers: | Citigroup Global Markets Inc. |
Deutsche Bank Securities Inc. | |
Goldman Sachs& Co. LLC | |
MUFG Securities Americas Inc. | |
Co-Managers: | Commerz Markets LLC |
PNC Capital Markets LLC | |
Samuel A. Ramirez& Company,Inc. | |
Santander Investment Securities Inc. | |
Siebert Williams Shank& Co., LLC |
*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) with the Securities and Exchange Commission 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 Securities and Exchange Commission for more complete information about the Issuer and this Offering. You may get these documents for free by visiting EDGAR on the SEC website 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 Citigroup Global Markets Inc. toll-free at 1-800-831-9146, Deutsche Bank Securities Inc. toll-free at 1-800-503-4611, Goldman Sachs & Co. LLC toll-free at 1-866-471-2526 and MUFG Securities Americas Inc. toll-free at 1-877-649-6848.
ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.
2 |