Issuer Free Writing Prospectus
Filed Pursuant to Rule 433
January 2, 2024
Registration Statement No. 333-272130
Supplementing the Prospectus Supplement and Prospectus, each dated May 22, 2023
John Deere Capital Corporation
$750 million 4.500% Senior Notes Due January 8, 2027
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: | $750 million |
Trade Date: | January 2, 2024 |
Settlement Date (T+4): | January 8, 2024 |
Maturity Date: | January 8, 2027 |
Benchmark Treasury: | 4.375% due December 15, 2026 |
Benchmark Treasury Yield and Price: | 4.090%; 100-25 |
Spread to Treasury: | +45 basis points |
Reoffer Yield: | 4.540% |
Coupon: | 4.500% |
Coupon Payment Dates: | Semi-annually on January 8 and July 8, commencing on July 8, 2024 and ending on the Maturity Date. |
Day Count: | 30 / 360, Unadjusted |
Denominations: | Minimum of $1,000 with increments of $1,000 thereafter. |
Redemption Provision: | N/A |
Price to Public: | 99.889% plus accrued interest from January 8, 2024 |
Gross Spread: | 0.150% |
Net Proceeds (%): | 99.739% plus accrued interest from January 8, 2024 |
Net Proceeds ($): | $748,042,500 plus accrued interest from January 8, 2024 |
CUSIP / ISIN: | 24422EXF1 / US24422EXF14 |
Joint Book-Running Managers: | BofA Securities, Inc. |
Deutsche Bank Securities Inc. | |
Goldman Sachs & Co. LLC | |
HSBC Securities (USA) Inc. | |
Academy Securities, Inc. | |
Co-Managers: | BNP Paribas Securities Corp. |
Commerz Markets LLC | |
PNC Capital Markets LLC | |
SG Americas Securities, LLC | |
Wells Fargo Securities, 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 BofA Securities, Inc. toll-free at 1-800-294-1322, Deutsche Bank Securities Inc. toll-free at 1-800-503-4611, Goldman Sachs & Co. LLC toll-free at 1-866-471-2526, HSBC Securities (USA) Inc. toll-free at 1-866-811-8049 and Academy Securities, Inc. toll-free at 1-646-736-3995.
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