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 | $200,000,000 | $27,280 | ||
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| Pricing Supplement Dated May 9, 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 – Floating Rate
CUSIP# 69371RL53
(the “Notes”)
We are hereby offering to sell Notes having the terms specified below to you with the assistance of:
¨Barclays Capital Inc.
xCitigroup Global Markets Inc.
xMitsubishi UFJ Securities (USA), Inc.
¨ BNP Paribas Securities Corp.
¨ J.P. Morgan Securities LLC
¨ Goldman, Sachs & Co.
x Other: RBC Capital Markets, 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 100% of the Principal Amount. |
| Principal Amount: $200,000,000 | Original Issue Date: May 16, 2013 (T+5) | |||
| Agent’s Discount or Commission: 0.15% | Final Maturity Date: May 5, 2015 | |||
| Net Proceeds to Company: $199,700,000 | Interest Payment Date(s): Monthly on the 5th, commencing June 5, 2013
Record Dates: The 15th calendar day preceding the applicable Interest Payment Date | |||
Calculation Agent: The Bank of New York Mellon
Interest Calculation:
| x | Regular Floating Rate Note | ¨ | Floating Rate/Fixed Rate Note | |||
| ¨ | Inverse Floating Rate Note Fixed Interest Rate: | Fixed Rate Commencement Date: Fixed Interest Rate: | ||||
| ¨ | Other Floating Rate Note (see attached) |
Initial Interest Rate: The Initial Interest Rate will be the interpolated rate based upon 2 week LIBOR (as referenced herein with an Index Maturity of 2 weeks) and 1 month LIBOR, in each case determined on May 14, 2013, plus the Spread
Initial Interest Reset Date: June 5, 2013
Interest Reset Date(s): Monthly on the 5th
Interest Rate Basis:
| ¨ | CD Rate | ¨ Federal Funds Rate | ¨ Prime Rate | |||||||
¨ Federal Funds (Effective) Rate | ||||||||||
| ¨ | Commercial Paper Rate | ¨ Federal Funds Open Rate | ¨ Treasury Rate | |||||||
¨ Federal Funds Target Rate | ||||||||||
| ¨ | CMT Rate | ¨ Other (see attached) | ||||||||
| ¨ Reuters Page FRBCMT | x LIBOR | |||||||||
| ¨ Reuters Page FEDCMT | Designated LIBOR Page: | |||||||||
| If Reuters Page FEDCMT: | x Reuters Page LIBOR 01 | |||||||||
| ¨ Weekly Average | ¨ Reuters Page LIBOR 02 | |||||||||
| ¨ Monthly Average | Designated LIBOR Currency: | |||||||||
Index Maturity: 1 month LIBOR
Spread (+/-): + 21 bps
Spread Multiplier: N/A
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
Day Count Convention:
¨ 30/360 for the period from to .
x Actual/360 for the period from May 16, 2013 to May 5, 2015 .
¨ Actual/Actual for the period from to .
Redemption:
x The Notes may not be redeemed prior to the Maturity Date.
¨ The Notes may be redeemed at our option prior to Maturity Date.
Initial Redemption Date:
Initial Redemption Percentage: %
Annual Redemption Percentage Reduction: % until Redemption Percentage is 100% of the Principal Amount.
¨ The Notes shall be redeemed by us prior to the Maturity Date (see attached).
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
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Plan of Distribution:
Name | Title | Principal Amount of Notes | ||||
Mitsubishi UFJ Securities (USA), Inc. | Bookrunner | $ | 67,000,000 | |||
Citigroup Global Markets Inc. | Bookrunner | $ | 66,500,000 | |||
RBC Capital Markets, LLC | Bookrunner | $ | 66,500,000 | |||
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Total | $ | 200,000,000 | ||||
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Other Provisions: N/A
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