Pricing Supplement Dated August 9, 2012 (To Prospectus dated November 20, 2009 and Prospectus Supplement dated November 20, 2009) | Filed Pursuant to Rule 424(b)(2) Registration No. 333-163273 |
CALCULATION OF REGISTRATION FEE
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| Title of each class of securities offered | Maximum offering price | Amount of registration fee | ||
Senior Debt Securities | $300,000,000 | $34,380 | ||
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PACCAR Financial Corp.
Medium-Term Notes, Series M – Fixed Rate
CUSIP #69371RK88
(the “Notes”)
We are hereby offering to sell Notes having the terms specified below to you with the assistance of:
¨ | Barclays Capital Inc. | |||
¨ | Citigroup Global Markets Inc. | |||
¨ | BNP Paribas Securities Corp. | |||
x | Mitsubishi UFJ Securities (USA), Inc. | |||
¨ | Goldman, Sachs & Co. | |||
x | J.P. Morgan Securities LLC | |||
x | Other: | ING Financial Markets LLC | ||
| U.S. Bancorp Investments, Inc. | ||||
| acting asx principal¨ agent | ||||
| at: ¨ | varying prices related to prevailing market prices at the time of resale |
| x | a fixed initial public offering price of 99.905% of the Principal Amount. |
Principal Amount: $300,000,000 | Original Issue Date: August 14, 2012 (T+3) | |
Agent’s Discount or Commission: 0.200% | Final Maturity Date: August 14, 2015 | |
Net Proceeds to Company: $299,115,000 | Interest Payment Date(s): February 14 and August 14, commencing February 14, 2013
Record Dates: January 31 and July 31 preceding the applicable Interest Payment Date | |
Interest Rate: 0.750% per annum
Redemption:
| x | The Notes may not be redeemed prior to the Maturity Date. |
| ¨ | The Notes may be redeemed at our option prior to the Maturity Date. Initial Redemption Date: Initial Redemption Percentage: ____% Annual Redemption Percentage Reduction:____% until Redemption Percentage is 100% of the Principal Amount. |
Repayment:
| x | The Notes may not be repaid prior to the Maturity Date. |
| ¨ | The Notes may be repaid prior to the Maturity Date at the option of the holder of the Notes. Option Repayment Date(s): |
Currency:
Specified Currency: USD (If other than U.S. dollars, see attached)
Minimum Denominations: $1,000 and integral multiples of $1,000 in excess thereof
Exchange Rate Agent: (Applicable only if Specified Currency is other than U.S. dollars)
If Discount Note, check¨
Issue Price: %
Form: x Book-Entry ¨ Certificated
Plan of Distribution:
Name | Title | Principal Amount of Notes | ||||
J.P. Morgan Securities LLC | Bookrunner | $ | 125,000,000 | |||
Mitsubishi UFJ Securities (USA), Inc. | Bookrunner | $ | 125,000,000 | |||
ING Financial Markets LLC | Co-Manager | $ | 25,000,000 | |||
U.S. Bancorp Investments, Inc. | Co-Manager | $ | 25,000,000 | |||
Total | $ | 300,000,000.00 | ||||
Other Provisions: N/A
