424B2

Filed Pursuant to Rule 424(b)(2)

Registration No. 333-260663

Pricing Supplement Dated May 6, 2024

(To Prospectus dated November 1, 2021 and

Prospectus Supplement dated November 1, 2021)

PACCAR Financial Corp.

Medium-Term Notes, Series Q—Fixed Rate

CUSIP #69371RT22

(the “Notes”)

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

☒ Wells Fargo Securities, LLC

☐ BNP Paribas Securities Corp.

☐ BofA Securities, Inc.

☐ J.P. Morgan Securities LLC

☒ Mizuho Securities USA LLC

☐ MUFG Securities Americas Inc.

☒ RBC Capital Markets, LLC

☒ SMBC Nikko Securities America, Inc.

☐ TD Securities (USA) LLC

☐ U.S. Bancorp Investments, Inc.

☒ Other:

Loop Capital Markets LLC

Scotia Capital (USA) Inc.

SG Americas Securities, 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 99.923% of the Principal Amount.

Principal Amount: $500,000,000	Original Issue Date: May 13, 2024 (T+5)
Agent’s Discount or Commission: 0.200%	Final Maturity Date: May 13, 2027
Net Proceeds to Company: $498,615,000	Interest Payment Dates: Semi-annually on each May 13 and November 13, commencing November 13, 2024 Record Dates: April 29 and October 30 preceding the applicable Interest Payment Date

Interest Rate: 5.000% 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 May 13, 2024.

Plan of Distribution:

Name	Title	Principal Amount of Notes
Wells Fargo Securities, LLC	Bookrunner	$	105,000,000
RBC Capital Markets, LLC	Bookrunner	$	105,000,000
SG Americas Securities, LLC	Bookrunner	$	105,000,000
SMBC Nikko Securities America, Inc.	Bookrunner	$	105,000,000
Loop Capital Markets LLC	Co-Manager	$	16,000,000
Mizuho Securities USA LLC	Co-Manager	$	16,000,000
Scotia Capital (USA) Inc.	Co-Manager	$	16,000,000
Siebert Williams Shank & Co., LLC	Co-Manager	$	32,000,000
Total		$	500,000,000

Other Provisions:

N/A

EX-FILING FEES

Exhibit 107.1

Calculation of Filing Fee

424(b)(2)

PACCAR Financial Corp.

(Exact Name of Registrant as Specified in its Charter)

Newly Registered and Carry Forward Securities

Security Type

Security Class Title

Fee Calculation or Carry Forward Rule

Amount Registered

Proposed Maximum Offering Price Per Unit

Maximum Aggregate Offering Price

Fee Rate

Amount of Registration Fee

Carry Forward Form Type

Carry Forward File Number

Carry Forward Initial effective date

Filing Fee Previously Paid In Connection with Unsold Securities to be Carried Forward

Newly Registered Securities

Fees to Be Paid

Debt

Medium-Term Notes, Series Q— Fixed Rate

457(r)

$500,000,000

$1,000

$500,000,000

.01476%

$73,800

Total Offering Amounts

$500,000,000

$73,800

Total Fees Previously Paid

—

Total Fee Offsets

—

Net Fee Due

$73,800

The prospectus to which this Exhibit is attached is a final prospectus for the related offering.