Issuer Free Writing Prospectus
Filed Pursuant to Rule 433
June 6, 2024
Registration Statement No. 333-272130
Supplementing the Prospectus Supplement and Prospectus, each dated May 22, 2023
John Deere Capital Corporation
$850 million 4.850% Senior Notes Due June 11, 2029
| Issuer: | John Deere Capital Corporation |
| Expected Ratings*: | A1 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: | $850 million |
| Trade Date: | June 6, 2024 |
| Settlement Date (T+3)**: | June 11, 2024 |
| Maturity Date: | June 11, 2029 |
| Benchmark Treasury: | 4.500% due May 31, 2029 |
| Benchmark Treasury Yield and Price: | 4.287%; 100-30 1/4 |
| Spread to Treasury: | +60 basis points |
| Reoffer Yield: | 4.887% |
| Coupon: | 4.850% |
| Coupon Payment Dates: | Semi-annually on June 11 and December 11, commencing on December 11, 2024 and ending on the Maturity Date. |
| Day Count: | 30 / 360, Unadjusted |
| Denominations: | Minimum of $1,000 with increments of $1,000 thereafter. |
| Redemption Provision: | N/A |
| Price to Public: | 99.838% plus accrued interest from June 11, 2024 |
| Gross Spread: | 0.350% |
| Net Proceeds (%): | 99.488% plus accrued interest from June 11, 2024 |
| Net Proceeds ($): | $845,648,000 plus accrued interest from June 11, 2024 |
| CUSIP / ISIN: | 24422EXT1 / US24422EXT18 |
| Joint Book-Running Managers: | BNP Paribas Securities Corp. |
| Citigroup Global Markets Inc. | |
| Goldman Sachs & Co. LLC | |
| J.P. Morgan Securities LLC | |
| Co-Managers: | Academy Securities, Inc. |
| Commerz Markets LLC | |
| Lloyds Securities Inc. | |
| Loop Capital Markets LLC | |
| SMBC Nikko Securities America, Inc. | |
| 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.
**Pursuant to Rule 15c6-1 under the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in one business day unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers of the notes who wish to trade the notes before the first business day prior to the Settlement Date will be required, by virtue of the fact that the notes initially will settle in T+3, to specify an alternative settlement cycle at the time of any such trade to prevent failed settlement.
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 BNP Paribas Securities Corp. toll-free at 1-800-854-5674, Citigroup Global Markets Inc. toll-free at 1-800-831-9146, Goldman Sachs & Co. LLC toll-free at 1-866-471-2526 or J.P. Morgan Securities LLC collect at 1-212-834-4533.
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