Filed Pursuant to Rule 424(b)(2)
Registration No. 333-260663

CALCULATION OF REGISTRATION FEE

Title of Each Class of Securities Offered	Maximum Aggregate Offering Price	Amount of Registration Fee
Senior Debt Securities	$400,000,000	$37,080

Pricing Supplement Dated March 31, 2022

(To Prospectus dated November 1, 2021 and

Prospectus Supplement dated November 1, 2021)

PACCAR Financial Corp.

Medium-Term Notes, Series Q - Fixed Rate

CUSIP # 69371RR73

(the “Notes”)

We are hereby offering to sell Notes having the terms specified below to you with the assistance of:

☒ MUFG Securities Americas Inc.

☒ BofA Securities, Inc.

☐ BNP Paribas Securities Corp.

☐ J.P. Morgan Securities LLC

☒ Mizuho Securities USA LLC

☐ RBC Capital Markets, LLC

☐ SMBC Nikko Securities America, Inc.

☐ TD Securities (USA) LLC

☐ U.S. Bancorp Investments, Inc.

☒ Wells Fargo Securities, LLC

☒ Other:

BNY Mellon Capital Markets, LLC

Loop Capital Markets LLC

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 99.974% of the Principal Amount.

Principal Amount: $400,000,000	Original Issue Date: April 7, 2022 (T+5)
Agent’s Discount or Commission: 0.200%	Final Maturity Date: April 7, 2025
Net Proceeds to Company: $399,096,000	Interest Payment Dates: Semi-annually on each April 7 and October 7, commencing October 7, 2022 Record Dates: March 24 and September 23 preceding the applicable Interest Payment Date

Interest Rate: 2.850% 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

The Notes are expected to be delivered in book-entry only form through the facilities of The Depository Trust Company and its direct and indirect participants, including Euroclear Bank SA/NV and Clearstream Banking S.A., on or about April 7, 2022.

Plan of Distribution:

Name	Title		Principal Amount of Notes
MUFG Securities Americas Inc.		Bookrunner	$	84,000,000
BofA Securities, Inc.		Bookrunner	$	84,000,000
Mizuho Securities USA LLC		Bookrunner	$	84,000,000
Wells Fargo Securities, LLC		Bookrunner	$	84,000,000
BNY Mellon Capital Markets, LLC		Co-Manager	$	16,000,000
Loop Capital Markets LLC		Co-Manager	$	16,000,000
Siebert Williams Shank & Co., LLC		Co-Manager	$	32,000,000
Total			$	400,000,000

Other Provisions:

N/A