CALCULATION OF REGISTRATION FEE
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| Title of Each Class of Securities Offered | Maximum Aggregate Offering Price | Amount of Registration Fee | ||
Senior Debt Securities | $250,000,000 | $34,100 | ||
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| Pricing Supplement Dated February 5, 2013 | Filed Pursuant to Rule 424(b)(2) | |
| (To Prospectus dated November 7, 2012 and | Registration No. 333-184808 | |
| Prospectus Supplement dated November 7, 2012) |
PACCAR Financial Corp.
Medium-Term Notes, Series N – Fixed Rate
CUSIP # 69371RL20
(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. | |||||
¨ | Mitsubishi UFJ Securities (USA), Inc. | |||||
¨ | BNP Paribas Securities Corp. | |||||
x | J.P. Morgan Securities LLC | |||||
x | Goldman, Sachs & Co. | |||||
x | Other: Merrill Lynch, Pierce, Fenner & Smith Incorporated | |||||
PNC Capital Markets LLC | ||||||
Lloyds Securities Inc. | ||||||
TD Securities (USA) LLC | ||||||
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 99.864% of the Principal Amount. |
| Principal Amount: $250,000,000 | Original Issue Date: February 8, 2013 (T+3) | |
| Agent’s Discount or Commission: 0.20% | Final Maturity Date: February 8, 2016 | |
| Net Proceeds to Company: $249,160,000 | Interest Payment Date(s): Semi-annually on each February 8 and August 8, commencing August 8, 2013
Record Dates: January 25 and July 25 preceding the applicable Interest Payment Date | |
Interest Rate: 0.800% per annum
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Redemption:
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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 | ||||
Goldman, Sachs & Co. | Bookrunner | $ | 65,000,000 | |||
J.P. Morgan Securities LLC | Bookrunner | $ | 65,000,000 | |||
Merrill Lynch, Pierce, Fenner & Smith Incorporated | Bookrunner | $ | 65,000,000 | |||
PNC Capital Markets LLC | Co-Manager | $ | 18,334,000 | |||
Lloyds Securities Inc. | Co-Manager | $ | 18,333,000 | |||
TD Securities (USA) LLC | Co-Manager | $ | 18,333,000 | |||
Total | $ | 250,000,000 | ||||
Other Provisions: N/A
