CALCULATION OF REGISTRATION FEE
| | | | |
|
Title of Each Class of Securities Offered | | Maximum Aggregate Offering Price | | Amount of Registration Fee |
Senior Debt Securities | | $300,000,000 | | $33,060 |
|
|
| | |
Pricing Supplement Dated January 4, 2023 | | Filed Pursuant to Rule 424(b)(2) |
(To Prospectus dated November 1, 2021 and | | Registration No. 333-260663 |
Prospectus Supplement dated November 1, 2021) | | |
PACCAR Financial Corp.
Medium-Term Notes, Series Q - Fixed Rate
CUSIP #69371RS31
(the “Notes”)
We are hereby offering to sell Notes having the terms specified below to you with the assistance of:
☒ J.P. Morgan Securities LLC
☒ BofA Securities, Inc.
☐ BNP Paribas Securities Corp.
☐ Mizuho Securities USA LLC
☐ MUFG Securities Americas Inc.
☐ RBC Capital Markets, LLC
☒ SMBC Nikko Securities America, Inc.
☐ TD Securities (USA) LLC
☒ U.S. Bancorp Investments, Inc.
☐ Wells Fargo Securities, LLC
☒ Other:
Loop Capital Markets LLC
Scotia Capital (USA) Inc.
Siebert Williams Shank & Co., LLC
acting as ☒ principal ☐ agent
at: | ☐ varying prices related to prevailing market prices at the time of resale |
☒ a fixed initial public offering price of 99.832% of the Principal Amount.
| | |
Principal Amount: $300,000,000 | | Original Issue Date: January 10, 2023 (T+4) |
| |
Agent’s Discount or Commission: 0.350% | | Final Maturity Date: January 10, 2028 |
| |
Net Proceeds to Company: $298,446,000 | | Interest Payment Dates: Semi-annually on each January 10 and July 10, commencing July 10, 2023 Record Dates: December 27 and June 26 preceding the applicable Interest Payment Date |
Interest Rate: 4.600% per annum
Redemption:
☒ | 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.