Issuer Free Writing Prospectus
Filed Pursuant to Rule 433
July 11, 2023
Registration Statement No. 333-272130
Supplementing the Prospectus Supplement and Prospectus, each dated May 22, 2023
John Deere Capital Corporation
$1.5 billion 4.950% Senior Notes Due July 14, 2028
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 I |
Issue Size: | $1.5 billion |
Trade Date: | July 11, 2023 |
Settlement Date (T+3): | July 14, 2023 |
Maturity Date: | July 14, 2028 |
Benchmark Treasury: | 4.000% due June 30, 2028 |
Benchmark Treasury Yield | |
and Price: | 4.234%; 98-303/4 |
Spread to Treasury: | +75 basis points |
Reoffer Yield: | 4.984% |
Coupon: | 4.950% |
Coupon Payment Dates: | Semi-annually on January 14 and July 14, commencing on January 14, 2024 and ending on the Maturity Date. |
Day Count: | 30 / 360, Unadjusted |
Denominations: | Minimum of $1,000 with increments of $1,000 thereafter. |
Redemption Provision: | N/A |
Price to Public: | 99.851% plus accrued interest from July 14, 2023 |
Gross Spread: | 0.350% |
Net Proceeds (%): | 99.501% plus accrued interest from July 14, 2023 |
Net Proceeds ($): | $1,492,515,000 plus accrued interest from July 14, 2023 |
CUSIP / ISIN: | 24422EXB0 / US24422EXB00 |
Joint Book-Running Managers: | BofA Securities, Inc. |
Citigroup Global Markets Inc. | |
Deutsche Bank Securities Inc. | |
RBC Capital Markets, LLC | |
Samuel A. Ramirez & Company, Inc. | |
Co-Managers: | Academy Securities, Inc. |
ING Financial Markets LLC | |
Lloyds Securities Inc. | |
SG Americas Securities, LLC | |
Truist Securities, 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) 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 BofA Securities, Inc. toll-free at 1-800-294-1322, Citigroup Global Markets Inc. toll-free at 1-800-831-9146, Deutsche Bank Securities Inc. toll-free at 1-800-503-4611, RBC Capital Markets, LLC toll-free at 1-866-375-6829 and Samuel A. Ramirez & Company, Inc. toll-free at 1-800-888-4086.
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