Issuer Free Writing Prospectus
Filed Pursuant to Rule 433
January 3, 2023
Registration Statement No. 333-237579
Supplementing the Prospectus Supplement and Prospectus, each dated April 6, 2020
John Deere Capital Corporation
$1.1 billion 4.750% Senior Notes Due January 20, 2028
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: | $1.1 billion |
Trade Date: | January 3, 2023 |
Settlement Date (T+4): | January 9, 2023 |
Maturity Date: | January 20, 2028 |
Benchmark Treasury: | 3.875% due December 31, 2027 |
Benchmark Treasury Yield and Price: | 3.911%; 99-263/4 |
Spread to Treasury: | +85 basis points |
Reoffer Yield: | 4.761% |
Coupon: | 4.750% |
Coupon Payment Dates: | Semi-annually on January 20 and July 20, commencing on July 20, 2023 (long first coupon) and ending on the Maturity Date. |
Day Count: | 30 / 360, Unadjusted |
Denominations: | Minimum of $1,000 with increments of $1,000 thereafter. |
Redemption Provision: | N/A |
Price to Public: | 99.950% plus accrued interest from January 9, 2023 |
Gross Spread: | 0.350% |
Net Proceeds (%): | 99.600% plus accrued interest from January 9, 2023 |
Net Proceeds ($): | $1,095,600,000 plus accrued interest from January 9, 2023 |
CUSIP / ISIN: | 24422EWR6 / US24422EWR60 |
Joint Book-Running Managers: | BofA Securities, Inc. |
Deutsche Bank Securities Inc. | |
Goldman Sachs & Co. LLC | |
RBC Capital Markets, LLC |
Co-Managers: | Academy Securities, Inc. |
BNP Paribas Securities Corp. | |
Commerz Markets LLC | |
Standard Chartered Bank | |
Wells Fargo Securities, 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 BofA Securities, Inc. toll-free at 1-800-294-1322, Deutsche Bank Securities Inc. toll-free at 1-800-503-4611, Goldman Sachs & Co. LLC toll-free at 1-866-471-2526 and RBC Capital Markets, LLC toll-free at 1-866-375-6829.
ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.