Issuer Free Writing Prospectus
Filed Pursuant to Rule 433
September 5, 2023
Registration Statement No. 333-272130
Supplementing the Prospectus Supplement and Prospectus, each dated May 22, 2023
John Deere Capital Corporation
$350 million 5.300% Senior Notes Due September 8, 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 I |
Issue Size: | $350 million |
Trade Date: | September 5, 2023 |
Settlement Date (T+3): | September 8, 2023 |
Maturity Date: | September 8, 2025 |
Benchmark Treasury: | 5.000% due August 31, 2025 |
Benchmark Treasury Yield and Price: | 4.945%; 100-031/4 |
Spread to Treasury: | +37.5 basis points |
Reoffer Yield: | 5.320% |
Coupon: | 5.300% |
Coupon Payment Dates: | Semi-annually on March 8 and September 8, commencing on March 8, 2024 and ending on the Maturity Date. |
Day Count: | 30 / 360, Unadjusted |
Denominations: | Minimum of $1,000 with increments of $1,000 thereafter. |
Redemption Provision: | N/A |
Price to Public: | 99.963% plus accrued interest from September 8, 2023 |
Gross Spread: | 0.100% |
Net Proceeds (%): | 99.863% plus accrued interest from September 8, 2023 |
Net Proceeds ($): | $349,520,500 plus accrued interest from September 8, 2023 |
CUSIP / ISIN: | 24422EXC8 / US24422EXC82 |
Joint Book-Running Managers: | Barclays Capital Inc. |
Credit Agricole Securities (USA) Inc. | |
J.P. Morgan Securities LLC | |
MUFG Securities Americas Inc. | |
Siebert Williams Shank & Co., LLC | |
Co-Managers: | BBVA Securities Inc. |
BNP Paribas Securities Corp. | |
Nordea Bank Abp | |
Scotia Capital (USA) Inc. | |
Standard Chartered Bank |
*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 Barclays Capital Inc. toll-free at 1-888-603-5847, Credit Agricole Securities (USA) Inc. toll-free at 1-866-807-6030, J.P. Morgan Securities LLC collect at 1-212-834-4533, MUFG Securities Americas Inc. toll-free at 1-877-649-6848 and Siebert Williams Shank & Co., LLC toll-free at 1-800-924-1311.
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