Issuer Free Writing Prospectus
Filed Pursuant to Rule 433
March 2, 2022
Registration Statement No. 333-237579
Supplementing the Prospectus Supplement and Prospectus, each dated April 6, 2020
John Deere Capital Corporation
$450 million 2.125% Senior Notes Due March 7, 2025
Issuer: | John Deere Capital Corporation | |
Expected Ratings*: | A2 by Moody’s Investors Service, Inc. | |
A by Standard and Poor’s Ratings Services | ||
A by Fitch Ratings, Inc. | ||
Note Type: | Medium-Term Notes, Series H | |
Issue Size: | $450 million | |
Trade Date: | March 2, 2022 | |
Settlement Date (T+3): | March 7, 2022 | |
Maturity Date: | March 7, 2025 | |
Benchmark Treasury: | 1.500% due February 15, 2025 | |
Benchmark Treasury Yield and Price: | 1.690%; 99-14+ | |
Spread to Treasury: | +45 basis points | |
Reoffer Yield: | 2.140% | |
Coupon: | 2.125% | |
Coupon Payment Dates: | Semi-annually on March 7 and September 7, commencing on September 7, 2022 and ending on the Maturity Date. | |
Day Count: | 30 / 360, Unadjusted | |
Denominations: | Minimum of $1,000 with increments of $1,000 thereafter. | |
Redemption Provision: | N/A | |
Price to Public: | 99.957% plus accrued interest from March 7, 2022 | |
Gross Spread: | 0.150% | |
Net Proceeds (%): | 99.807% plus accrued interest from March 7, 2022 | |
Net Proceeds ($): | $449,131,500 plus accrued interest from March 7, 2022 | |
CUSIP / ISIN: | 24422EWB1 / US24422EWB19 | |
Joint Book-Running Managers: | Citigroup Global Markets Inc. | |
Deutsche Bank Securities Inc. | ||
Goldman Sachs & Co. LLC | ||
MUFG Securities Americas Inc. | ||
Co-Managers: | Commerz Markets LLC | |
PNC Capital Markets LLC | ||
Samuel A. Ramirez & Company, Inc. | ||
Santander Investment Securities Inc. | ||
Siebert Williams Shank & Co., LLC |
*Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
The Issuer has filed a Registration Statement (including a prospectus) with the Securities and Exchange Commission 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 Securities and Exchange Commission for more complete information about the Issuer and this Offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the Issuer, any underwriter or any dealer participating in the Offering will arrange to send you the prospectus if you request it by calling Citigroup Global Markets Inc. toll-free at 1-800-831-9146, Deutsche Bank Securities Inc. toll-free at 1-800-503-4611, Goldman Sachs & Co. LLC toll-free at 1-866-471-2526 and MUFG Securities Americas Inc. toll-free at 1-877-649-6848.
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