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 | $500,000,000 | $68,200 | ||
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| Pricing Supplement Dated August 13, 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 # 69371RL61
(the “Notes”)
We are hereby offering to sell Notes having the terms specified below to you with the assistance of: | ||||||
x | Barclays Capital Inc. | |||||
¨ | Citigroup Global Markets Inc. | |||||
¨ | Mitsubishi UFJ Securities (USA), Inc. | |||||
¨ | BNP Paribas Securities Corp. | |||||
¨ | J.P. Morgan Securities LLC | |||||
¨ | Goldman, Sachs & Co. | |||||
x | Other: RBS Securities Inc. | |||||
U.S. Bancorp Investments, Inc. | ||||||
Wells Fargo Securities, LLC | ||||||
ANZ Securities, Inc. | ||||||
The Williams Capital Group, L.P. | ||||||
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 99.903% of the Principal Amount. |
| Principal Amount: $500,000,000 | Original Issue Date: August 16, 2013 (T+3) | |
| Agent’s Discount or Commission: 0.20% | Final Maturity Date: August 16, 2016 | |
| Net Proceeds to Company: $498,515,000 | Interest Payment Date(s): Semi-annually on each February 16 and August 16, commencing February 16, 2014
Record Dates: February 2 and August 2 preceding the applicable Interest Payment Date | |
Interest Rate: 1.150% 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 | ||||
Barclays Capital Inc. | Bookrunner | $ | 112,500,000 | |||
RBS Securities Inc. | Bookrunner | $ | 112,500,000 | |||
U.S. Bancorp Investments, Inc. | Bookrunner | $ | 112,500,000 | |||
Wells Fargo Securities, LLC | Bookrunner | $ | 112,500,000 | |||
ANZ Securities, Inc. | Co-Manager | $ | 25,000,000 | |||
The Williams Capital Group, L.P. | Co-Manager | $ | 25,000,000 | |||
Total | $ | 500,000,000 | ||||
Other Provisions: N/A
