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		$27,810

 

Pricing Supplement Dated September 27, 2022		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 # 69371RS23

(the “Notes”)

We are hereby offering to sell Notes having the terms specified below to you with the assistance of:

☒ MUFG Securities Americas Inc.

☐ BofA Securities, Inc.

☒ BNP Paribas Securities Corp.

☐ J.P. Morgan Securities LLC

☐ Mizuho Securities USA LLC

☒ RBC Capital Markets, LLC

☐ SMBC Nikko Securities America, Inc.

☐ TD Securities (USA) LLC

☐ U.S. Bancorp Investments, Inc.

☐ Wells Fargo Securities, LLC

☒ Other:

ING Financial Markets LLC

Rabo Securities USA, Inc.

SG Americas Securities, 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 99.926% of the Principal Amount.

 

Principal Amount: $300,000,000		Original Issue Date: October 3, 2022 (T+4)
Agent’s Discount or Commission: 0.200%		Final Maturity Date: October 3, 2025
Net Proceeds to Company: $299,178,000		Interest Payment Dates: Semi-annually on each April 3 and October 3, commencing April 3, 2023 Record Dates: March 20 and September 19 preceding the applicable Interest Payment Date

Interest Rate: 4.950% 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.

Repayment:

 

☒	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: ___________ (Applicable only if Specified Currency is other than U.S. dollars)

Exchange Rate Agent: ___________ (Applicable only if Specified Currency is other than U.S. dollars)

If Discount Note, check  ☐

Issue Price: ____%

Form:  ☒    Book-Entry    ☐ Certificated

The Notes are expected to be delivered in book-entry only form through the facilities of The Depository Trust Company and its direct and indirect participants, including Euroclear Bank SA/NV and Clearstream Banking S.A., on or about October 3, 2022.

Plan of Distribution:

 

Name		Title				Principal Amount of Notes
MUFG Securities Americas Inc.			Bookrunner			$	63,000,000
BNP Paribas Securities Corp.			Bookrunner			$	63,000,000
ING Financial Markets LLC			Bookrunner			$	63,000,000
RBC Capital Markets, LLC			Bookrunner			$	63,000,000
Rabo Securities USA, Inc.			Co-Manager			$	24,000,000
SG Americas Securities, LLC			Co-Manager			$	24,000,000
Total						$	300,000,000

Other Provisions:

N/A