Exhibit 25.2

securities and exchange commission

Washington, D.C. 20549

FORM T-1

Statement of Eligibility Under

The Trust Indenture Act of 1939 of a

Corporation Designated to Act as Trustee

Check if an Application to Determine Eligibility of

a Trustee Pursuant to Section 305(b)(2) ¨

U.S. BANK NATIONAL ASSOCIATION

(Exact name of Trustee as specified in its charter)

31-0841368

I.R.S. Employer Identification No.

800 Nicollet Mall Minneapolis, Minnesota	55402
(Address of principal executive offices)	(Zip Code)

Michelle Lee

U.S. Bank National Association

100 Wall Street, Suite 600

New York, NY 10005

646-971-4954

(Name, address and telephone number of agent for service)

John Deere Capital Corporation

(Issuer with respect to the Securities)

Delaware	36-2386361
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

P.O. Box 5328 Madison, Wisconsin	53705-0328
(Address of Principal Executive Offices)	(Zip Code)

Debt Securities

(Title of the Indenture Securities)

FORM T-1

Item 1. GENERAL INFORMATION. Furnish the following information as to the Trustee.

a) Name and address of each examining or supervising authority to which it is subject.

Comptroller of the Currency

Washington, D.C.

b) Whether it is authorized to exercise corporate trust powers.

Yes

Item 2. AFFILIATIONS WITH THE OBLIGOR. If the obligor is an affiliate of the Trustee, describe each such affiliation.

None

Items 3-15 Items 3-15 are not applicable because to the best of the Trustee's knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.

Item 16. LIST OF EXHIBITS: List below all exhibits filed as a part of this statement of eligibility and qualification.

1. A copy of the Articles of Association of the Trustee.*

2. A copy of the certificate of authority of the Trustee to commence business, attached as Exhibit 2.

3. A copy of the authorization of the Trustee to exercise corporate trust powers, attached as Exhibit 2.

4. A copy of the existing bylaws of the Trustee.**

5. A copy of each Indenture referred to in Item 4. Not applicable.

6. The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.

7. Report of Condition of the Trustee as of March 31, 2023 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.

* Incorporated by reference to Exhibit 25.1 to Amendment No. 2 to registration statement on S-4, Registration Number 333-128217 filed on November 15, 2005.

** Incorporated by reference to 305(b)(2), Registration Number 333-229783 filed on June 21, 2021.

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SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of New York, State of New York on the 23rd of May, 2023.

By:	/s/ Michelle Lee
	Michelle Lee
	Vice President

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Exhibit 2

 

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Exhibit 6

CONSENT

In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

Dated: May 23, 2023

By:	/s/ Michelle Lee
	Michelle Lee
	Vice President

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Exhibit 7

U.S. Bank National Association

Statement of Financial Condition

As of 3/31/2023

($000’s)

	3/31/2023
Assets
Cash and Balances Due From	$	54,794,655
Depository Institutions
Securities		147,433,327
Federal Funds		60,065
Loans & Lease Financing Receivables		331,570,217
Fixed Assets		5,829,105
Intangible Assets		14,278,776
Other Assets		36,494,313
Total Assets	$	590,460,458
Liabilities
Deposits	$	459,141,236
Fed Funds		6,815,612
Treasury Demand Notes		0
Trading Liabilities		4,453,222
Other Borrowed Money		53,968,755
Acceptances		0
Subordinated Notes and Debentures		4,600,000
Other Liabilities		15,009,832
Total Liabilities	$	543,988,657
Equity
Common and Preferred Stock		18,200
Surplus		14,288,431
Undivided Profits		31,530,524
Minority Interest in Subsidiaries		634,646
Total Equity Capital	$	46,471,801
Total Liabilities and Equity Capital	$	590,460,458

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