| Final Term Sheet | Filed Pursuant to Rule 433 | |
| Medium-Term Notes, Series R – Fixed Rate September 2, 2026 |
Registration No. 333-283056 |
PACCAR Financial Corp.
Medium-Term Notes, Series R—Fixed Rate
CUSIP #69371RU79
(the “Notes”)
We are hereby offering to sell Notes having the terms specified below to you with the assistance of:
☒ TD Securities (USA) LLC
☐ BNP Paribas Securities Corp.
☐ BofA Securities, Inc.
☒ ING Financial Markets LLC
☐ J.P. Morgan Securities LLC
☒ Mizuho Securities USA LLC
☐ MUFG Securities Americas Inc.
☒ PNC Capital Markets LLC
☐ RBC Capital Markets, LLC
☐ Santander US Capital Markets LLC
☐ SG Americas Securities, LLC
☒ SMBC Nikko Securities America, Inc.
☐ TD Securities (USA) LLC
☐ U.S. Bancorp Investments, Inc.
☒ Wells Fargo Securities, LLC
☒ Other:
Academy Securities, Inc.
Bank of China (Europe) S.A.
Barclays Capital 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 99.931% of the Principal Amount.
| Principal Amount: $300,000,000 | Original Issue Date: September 10, 2026 (T+5) | |
| Agent’s Discount or Commission: 0.200% | Final Maturity Date: September 10, 2029 | |
| Net Proceeds to Company: $299,193,000 | Interest Payment Dates: Semi-annually on each March 10 and September 10, commencing March 10, 2027
Record Dates: February 24 and August 27 preceding the applicable Interest Payment Date
| |
| Treasury Benchmark: 4.250% due August 15, 2029
Treasury Yield: 4.445%
Reoffer Spread: T+33 bps
Reoffer Yield: 4.775%
Interest Rate: 4.750% 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 |
| Plan of Distribution: |
| Name |
Title | Principal Amount of Notes | ||||||
| TD Securities (USA) LLC |
Bookrunner | $ | 48,000,000 | |||||
| ING Financial Markets LLC |
Bookrunner | $ | 48,000,000 | |||||
| Mizuho Securities USA LLC |
Bookrunner | $ | 48,000,000 | |||||
| SMBC Nikko Securities America, Inc. |
Bookrunner | $ | 48,000,000 | |||||
| Wells Fargo Securities, LLC |
Bookrunner | $ | 48,000,000 | |||||
| Academy Securities, Inc. |
Co-Manager | $ | 12,000,000 | |||||
| Bank of China (Europe) S.A. |
Co-Manager | $ | 12,000,000 | |||||
| Barclays Capital Inc. |
Co-Manager | $ | 12,000,000 | |||||
| PNC Capital Markets LLC |
Co-Manager | $ | 12,000,000 | |||||
| Siebert Williams Shank & Co., LLC |
Co-Manager | $ | 12,000,000 | |||||
| Total |
$ | 300,000,000 | ||||||
| Other Provisions:
N/A |
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement 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 SEC Web site at www.sec.gov. Alternatively, the issuer, TD Securities (USA) LLC, ING Financial Markets LLC, Mizuho Securities USA LLC, SMBC Nikko Securities America, Inc., Wells Fargo Securities, LLC, or any dealer participating in the offering will arrange to send you the prospectus if you request it by contacting TD Securities (USA) LLC toll-free at 1-855-495-9846, ING Financial Markets LLC toll-free at 1-877-446-4930, Mizuho Securities USA LLC toll-free at 1-866-271-7403, SMBC Nikko Securities America, Inc. toll-free at 1-888-868-6856, or Wells Fargo Securities, LLC toll-free at 1-800-645-3751.