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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/22/24 Caterpillar Fin’l Services Corp. 424B3 2:66K Toppan Merrill/FA |
Document/Exhibit Description Pages Size 1: 424B3 Prospectus - New Facts or Events HTML 34K 2: EX-FILING FEES Filing Fees HTML 31K
Filed Pursuant to Rule 424(b)(3)
Registration No. 333-270934
PRICING SUPPLEMENT NO. 10
Dated February 22, 2024 to
PROSPECTUS SUPPLEMENT
Dated March 29, 2023 and
PROSPECTUS
Dated March 29, 2023
CATERPILLAR FINANCIAL SERVICES CORPORATION
MEDIUM-TERM NOTES, SERIES K, FLOATING RATE NOTES DUE 2026
| Subject | Final Pricing Details |
| Issuer: | Caterpillar Financial Services Corporation |
| Title of Securities: | Medium-Term Notes, Series K, Floating Rate Notes Due 2026 |
| Form of Security: | Global Note |
| Format: | SEC Registered-Registration Statement Number 333-270934 |
| Trade Date/Pricing Effective Time: | February 22, 2024 |
| Settlement Date (Original Issue Date): | February 27, 2024, which is the third business day following the Trade Date. Under Rule 15c6-1 of the 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 any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Medium-Term Notes on any date prior to two business days before delivery will be required, because the Medium-Term Notes will not initially settle in T+2, to specify an alternative settlement date at the time of such trade to prevent a failed settlement and should consult their own advisors. |
| Maturity Date: | February 27, 2026 |
| Principal Amount: | $600,000,000 |
| Price to Public (Issue Price): | 100.000% |
| Dealers’ Commission: | 0.150% (15.0 basis points) |
| All-in-price: | 99.850% |
| Net Proceeds to Issuer: | $599,100,000 |
| Interest Rate Basis (Benchmark): | Compounded SOFR (as defined in the Prospectus Supplement dated March 29, 2023) |
| Index Currency: | U.S. Dollars |
| Spread (Plus or Minus): | +46.0 basis points (0.460%) |
| Spread Multiplier: | N/A |
| Spread/Spread Multiplier Reset Option: | N/A |
- 1 -
| Optional Reset Dates (only applicable if option to reset spread or spread multiplier): | N/A |
| Basis for Interest Rate Reset (only applicable if option to reset spread or spread multiplier): | N/A |
| Specified Currency: | U.S. Dollars |
| Option to Elect Payment in U.S. Dollars (only applicable if Specified Currency is other than U.S. Dollars): | N/A |
| Authorized Denominations (only applicable if Specified Currency is other than U.S. Dollars): | N/A |
| Historical Exchange Rate (only applicable if Specified Currency is other than U.S. Dollars): | N/A |
| Maximum Interest Rate: | N/A |
| Minimum Interest Rate: | 0.000% |
| Initial Interest Rate: | Compounded SOFR determined on May 23, 2024 plus the Spread, accruing from and including February 27, 2024 to but excluding the first Interest Payment Date, calculated as described in the Prospectus Supplement dated March 29, 2023 |
| Interest Reset Periods and Dates: | Quarterly on the 27th of February, May, August and November of each year prior to the Maturity Date, calculated as described in the Prospectus Supplement dated March 29, 2023 |
| Interest Determination Dates: | Quarterly, two (2) U.S. Government Securities Business Days (as defined in the Prospectus Supplement dated March 29, 2023) prior to each Interest Payment Date |
| Interest Payment Dates: | Interest will be paid quarterly on the 27th of February, May, August and November commencing May 27, 2024 and ending on the Maturity Date |
| Interest Period: | The period from and including an Interest Payment Date (or, in the case of the first Interest Period, the Settlement Date) to, but excluding, the next Interest Payment Date (or, in the case of the final Interest Period, the Maturity Date) |
| Observation Period: | The period from and including two U.S. Government Securities Business Days preceding an Interest Payment Date to but excluding two U.S. Government Securities Business Days preceding the next Interest Payment Date, provided that the first Observation Period shall be from and including two U.S. Government Securities Business Days preceding the Settlement Date to but excluding two U.S. Government Securities Business Days preceding the first Interest Payment Date |
| Stated Maturity Extension Option: | N/A |
| Extension Period(s) and Final Maturity Date (only applicable if option to extend stated maturity): | N/A |
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| Basis for Interest Rate During Extension Period (only applicable if option to extend stated maturity): | N/A |
| Original Issue Discount Note: | N/A |
| Total Amount of OID: | N/A |
| Terms of Amortizing Notes: | N/A |
| Redemption Date(s): | N/A |
| Redemption Price: | N/A |
| Repayment Date(s): | N/A |
| Repayment Price(s): | N/A |
| Day Count Convention: | Actual/360 |
| Business Days: | New York and U.S. Government Securities Business Day |
| Denominations: | Minimum denominations of $1,000 with increments of $1,000 thereafter |
| Joint Lead Managers & Bookrunners: | BofA Securities, Inc. (23.34%) |
| Citigroup Global Markets Inc. (23.33%) | |
| MUFG Securities Americas Inc. (23.33%) | |
| Co-Managers: | BNP Paribas Securities Corp. (2.36%) |
| HSBC Securities (USA) Inc. (2.36%) | |
| ING Financial Markets LLC (2.36%) | |
| Lloyds Securities Inc. (2.36%) | |
| TD Securities (USA) LLC (2.36%) | |
| U.S. Bancorp Investments, Inc. (2.36%) | |
| Commerz Markets LLC (1.81%) | |
| Scotia Capital (USA) Inc. (1.67%) | |
| Academy Securities, Inc. (1.53%) | |
| Standard Chartered Bank (1.53%) | |
| Wells Fargo Securities, LLC (1.53%) | |
| SMBC Nikko Securities America, Inc. (1.39%) | |
| ANZ Securities, Inc. (0.83%) | |
| ICBC Standard Bank Plc (0.83%) | |
| KBC Securities USA LLC (0.83%) | |
| Santander US Capital Markets LLC (0.83%) | |
| BBVA Securities Inc. (0.69%) | |
| Mischler Financial Group, Inc. (0.69%) | |
| BNY Mellon Capital Markets, LLC (0.56%) | |
| Itau BBA USA Securities, Inc. (0.56%) | |
| Westpac Capital Markets LLC (0.56%) |
- 3 -
| Billing and Delivery Agent: | Citigroup Global Markets Inc. |
| Exchange Rate Agent: | U.S. Bank Trust National Association |
| Calculation Agent: | U.S. Bank Trust National Association |
| CUSIP: | 14913UAK6 |
| No PRIIPs KID - No EU PRIIPs key information document (KID) or UK PRIIPs key information document (KID) has been prepared as not available to retail in EEA or UK. | |
| CAPITALIZED TERMS USED HEREIN WHICH ARE DEFINED IN THE PROSPECTUS SUPPLEMENT SHALL HAVE THE MEANINGS ASCRIBED THERETO IN THE PROSPECTUS SUPPLEMENT. THE INTEREST RATES ON THE NOTES MAY BE CHANGED BY CATERPILLAR FINANCIAL SERVICES CORPORATION FROM TIME TO TIME, BUT ANY SUCH CHANGE WILL NOT AFFECT THE INTEREST RATE ON ANY NOTES OFFERED PRIOR TO THE EFFECTIVE DATE OF THE CHANGE. | |
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| This ‘424B3’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| 2/27/26 | ||||
| 5/27/24 | ||||
| 5/23/24 | ||||
| 2/27/24 | ||||
| Filed on: | 2/22/24 | 424B3, FWP | ||
| 3/29/23 | 424B2, 8-K, S-3ASR | |||
| List all Filings | ||||