Filed Pursuant to Rule 433

Registration No. 333-233119

Pricing Term Sheet

January 7, 2020

 

Issuer:		American Honda Finance Corporation
Security:		Floating Rate Medium-Term Notes, Series A
Issuer Senior Long-Term Debt Ratings*:		Moody’s Investors Service, Inc.: A2 (stable outlook) Standard & Poor’s Ratings Services: A (stable outlook)
CUSIP/ISIN:		02665WDG3 / US02665WDG33
Trade Date:		January 7, 2020
Original Issue Date:		January 10, 2020 (T+3) Under Rule 15c6-1 of the U.S. Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in two business days, unless the parties to a trade expressly agree otherwise. Accordingly, purchasers who wish to trade Notes on any date prior to two business days before the Original Issue Date will be required to specify alternative settlement arrangements to prevent a failed settlement.
Stated Maturity Date:		May 10, 2023
Principal Amount:		$400,000,000
Interest Category:		Regular Floating Rate Note
Interest Rate Basis:		LIBOR
Designated LIBOR Page:		Reuters Page LIBOR01
Index Maturity:		3 Month, except for the initial interest rate, which shall be 1 Month
Initial Interest Rate:		The initial interest rate will be based on 1 Month LIBOR determined on January 8, 2020 plus the Spread, accruing from January 10, 2020; interest rates thereafter will be based on 3 Month LIBOR plus the Spread.
Initial Interest Reset Date:		February 10, 2020
Interest Reset Dates:		Each Interest Payment Date
Interest Determination Date:		The second London Banking Day preceding each Interest Reset Date
Interest Payment Frequency:		Quarterly
Interest Payment Dates:		Each February 10, May 10, August 10 and November 10, beginning on February 10, 2020 (short first coupon), and on the Stated Maturity Date
Spread:		+37 bps
Designated LIBOR Currency:		U.S. dollars
Price to Public:		100.000%
Commission:		0.2458%
Net Proceeds to Issuer:		99.7542% / $399,016,800
Day Count Convention:		Actual/360
Business Day Convention:		Modified Following (adjusted); provided, however, if the Stated Maturity Date falls on a day that is not a Business Day, the payment of principal and interest that is due on the Stated Maturity Date will be made on the next succeeding Business Day, and no interest on such payment will accrue for the period from and after the Stated Maturity Date to the date of that payment on the next succeeding Business Day.

Record Dates:		15th calendar day, whether or not a Business Day, preceding the related Interest Payment Date
Calculation Agent:		Deutsche Bank Trust Company Americas
Business Days:		New York and London
Minimum Denominations:		$2,000 and $1,000 increments thereafter
Joint Book-Running Managers:		BofA Securities, Inc. J.P. Morgan Securities LLC SG Americas Securities, LLC SMBC Nikko Securities America, Inc.
Co-Managers:		ANZ Securities, Inc. TD Securities (USA) LLC U.S. Bancorp Investments, Inc. Loop Capital Markets LLC Mischler Financial Group, Inc. Samuel A. Ramirez & Company, Inc.
DTC Number:		286

 

*	A securities rating is not a recommendation to buy, sell or hold securities and may be changed or withdrawn at any time.

No PRIIPs KID – No PRIIPs key information document (KID) has been prepared as not available to retail in EEA.

This term sheet supplements the prospectus supplement dated August 8, 2019 and the related prospectus dated August 8, 2019; capitalized terms used in this term sheet, but otherwise not defined, shall have the meanings assigned to them in the related prospectus supplement and prospectus.

The issuer has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. Before you invest, you should read the aforementioned prospectus and prospectus supplement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the web at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the aforementioned prospectus, the prospectus supplement and the applicable pricing supplement if you request them by calling BofA Securities, Inc. toll-free at 1-800-294-1322, J.P. Morgan Securities LLC collect at 1-212-834-4533, SG Americas Securities, LLC toll-free at 1-855-881-2108 or SMBC Nikko Securities America, Inc. toll-free at 1-888-868-6856.

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