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 | $32,200 | ||
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| Pricing Supplement Dated December 3, 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# 69371RL79
(the “Notes”)
We are hereby offering to sell Notes having the terms specified below to you with the assistance of: | ||||||
¨ | Barclays Capital Inc. | |||||
x | Citigroup Global Markets Inc. | |||||
x | Mitsubishi UFJ Securities (USA), Inc. | |||||
¨ | BNP Paribas Securities Corp. | |||||
x | J.P. Morgan Securities LLC | |||||
x | Goldman, Sachs & Co. | |||||
x | Other: Lloyds Securities Inc. | |||||
PNC 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: $250,000,000 | Original Issue Date: December 6, 2013 (T+3) | |
| Agent’s Discount or Commission: 0.35% | Final Maturity Date: December 6, 2018 | |
| Net Proceeds to Company: $249,125,000 | Interest Payment Dates: March 6, June 6, September 6 and December 6, commencing March 6, 2014
Record Dates: February 20, May 23, August 23 and November 22 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 Reset Date: December 6, 2013
Interest Reset Dates: March 6, June 6, September 6 and December 6
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: 3 month LIBOR
Spread (+/-): + 0.600%
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 December 6, 2013 to December 6, 2018 . |
| ¨ | 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 | ||||
Citigroup Global Markets Inc. | Bookrunner | $ | 56,250,000 | |||
Mitsubishi UFJ Securities (USA), Inc. | Bookrunner | $ | 56,250,000 | |||
J.P. Morgan Securities LLC | Bookrunner | $ | 56,250,000 | |||
Goldman, Sachs & Co. | Bookrunner | $ | 56,250,000 | |||
Lloyds Securities Inc. | Co-Manager | $ | 12,500,000 | |||
PNC Capital Markets LLC | Co-Manager | $ | 12,500,000 | |||
Total | $ | 250,000,000 | ||||
Other Provisions: N/A
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