GATX (GATX) FWP Free writing prospectus

Pursuant to Rule 433

Registration No. 333-233276

March 2, 2022

GATX Corporation

PRICING TERM SHEET

March 2, 2022

Issuer:	GATX Corporation
Pricing Date:	March 2, 2022
Expected Settlement Date:	March 4, 2022 (T+2)
Expected Ratings*:	Moody’s: Baa2 (Stable) / S&P: BBB (Stable)
Security:	3.500% Senior Notes due 2032
Size:	$400,000,000
Maturity Date:	June 1, 2032
Coupon:	3.500%
Interest Payment Dates:	June 1 and December 1, commencing December 1, 2022
Benchmark Treasury:	UST 1.875% due February 15, 2032
Benchmark Treasury Price and Yield:	100-05/1.858%
Spread to Benchmark Treasury:	+167 basis points
Re-Offer Yield:	3.528%
Price to Investors:	99.750%
Redemption:	At any time prior to March 1, 2032 (three months prior to the Maturity Date) (the “Par Call Date”), at a redemption price equal to the greater of (a) 100% of the principal amount or (b) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes that would be due if the Notes matured on the Par Call Date (exclusive of interest accrued to the redemption date), discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate, plus 25 basis points, plus accrued interest to but excluding the redemption date. At any time on or after the Par Call Date, we may redeem the Notes at a redemption price equal to 100% of the principal amount of Notes being redeemed.
CUSIP/ISIN:	361448 BJ1 / US361448BJ12
Joint Book-Running Managers:	BofA Securities, Inc. Citigroup Global Markets Inc. Morgan Stanley & Co. LLC
Senior Co-Managers:	KeyBanc Capital Markets Inc. PNC Capital Markets LLC U.S. Bancorp Investments, Inc.

Co-Managers:
	BMO Capital Markets Corp. Fifth Third Securities, Inc. Huntington Securities, Inc. Loop Capital Markets LLC Siebert Williams Shank & Co., LLC MUFG Securities Americas Inc.

*Note: A securities rating is not a recommendation to buy, sell or hold securities any may be subject to revision or withdrawal at any time.

The issuer has filed a registration statement (including a prospectus and a prospectus supplement) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus and prospectus supplement in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering.

You may get these documents for free by visiting EDGAR on the SEC Web site 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 prospectus supplement 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 or Morgan Stanley & Co. LLC at 1-866-718-1649.