Obligation Honda American Finance 2.35% ( US02665WDJ71 ) en USD

Honda American Finance

100 % ▲

Etats-unis

US02665WDJ71 ( en USD )

2.35% par an ( paiement semestriel )

07/01/2027

Prospectus brochure de l'obligation American Honda Finance US02665WDJ71 en USD 2.35%, échéance 07/01/2027

2 000 USD

500 000 000 USD

02665WDJ7

A- ( Qualité moyenne supérieure )

A3 ( Qualité moyenne supérieure )

08/07/2025 ( Dans 4 jours )

American Honda Finance est une filiale de Honda Motor Co., Ltd., qui fournit des services de financement automobile aux consommateurs américains souhaitant acheter ou louer des véhicules Honda et Acura neufs ou d'occasion.

L'Obligation émise par Honda American Finance ( Etats-unis ) , en USD, avec le code ISIN US02665WDJ71, paye un coupon de 2.35% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 07/01/2027

L'Obligation émise par Honda American Finance ( Etats-unis ) , en USD, avec le code ISIN US02665WDJ71, a été notée A3 ( Qualité moyenne supérieure ) par l'agence de notation Moody's.

L'Obligation émise par Honda American Finance ( Etats-unis ) , en USD, avec le code ISIN US02665WDJ71, a été notée A- ( Qualité moyenne supérieure ) par l'agence de notation Standard & Poor's ( S&P ).

Free Writing Prospectus
https://sec.report/Document/0001193125-20-003226/d844569dfwp.htm
FWP 1 d844569dfwp.htm FREE WRITING PROSPECTUS
Filed Pursuant to Rule 433
Registration No. 333-233119
Pricing Term Sheet
January 7, 2020
Issuer:
American Honda Finance Corporation
Security:
Fixed Rate Medium-Term Notes, Series A
Issuer Senior Long-Term Debt Ratings*:
Moody's Investors Service, Inc.: A2 (stable outlook)
Standard & Poor's Ratings Services: A (stable outlook)
CUSIP/ISIN:
02665WDJ7 / US02665WDJ71
Trade Date:
January 7, 2020
Original Issue Date:
January 10, 2020 (T+3)
Under Rule 15c6-1 of the U.S. Securities Exchange Act of 1934, as amended, trades in the secondary
market generally are required to settle in two business days, unless the parties to a trade expressly agree
otherwise. Accordingly, purchasers who wish to trade Notes on any date prior to two business days before
the Original Issue Date will be required to specify alternative settlement arrangements to prevent a failed
settlement.
Stated Maturity Date:
January 8, 2027
Principal Amount:
$500,000,000
Benchmark Treasury:
UST 1.750% due December 31, 2026
Benchmark Treasury Yield:
1.733%
Spread to Benchmark Treasury:
+63 bps
Yield to Maturity:
2.363%
Price to Public:
99.917%
Commission:
0.400%
Net Proceeds to Issuer:
99.517% / $497,585,000
Interest Rate:
2.350% per annum, accruing from January 10, 2020
Interest Payment Frequency:
Semi-annual
Interest Payment Dates:
Each January 8 and July 8, beginning on July 8, 2020 (short first coupon), and at Maturity
Day Count Convention:
30/360
Business Day Convention:
Following (unadjusted); if any Interest Payment Date or Maturity falls on a day that is not a Business Day,
the related payment of principal, premium, if any, or interest will be made on the next succeeding Business
Day as if made on the date the applicable payment was due, and no interest will accrue on the amount
payable for the period from and after the Interest Payment Date or Maturity, as the case may be, to the date
of such payment on the next succeeding Business Day.
Record Dates:
15th calendar day, whether or not a Business Day, preceding the related Interest Payment Date
Calculation Agent:
Deutsche Bank Trust Company Americas
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Free Writing Prospectus
https://sec.report/Document/0001193125-20-003226/d844569dfwp.htm
Optional Redemption:
T+10 bps
The Notes will be redeemable before their maturity, in whole or in part, at the Issuer's option at any time, at
a "make-whole" redemption price equal to the greater of (i) 100% of the principal amount of the Notes to
be redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal of and
interest on the Notes to be redeemed (exclusive of interest accrued to the date of redemption) discounted to
the redemption date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months)
at the Treasury Rate plus 10 basis points, plus accrued and unpaid interest thereon to the date of
redemption.
"Comparable Treasury Issue" means, with respect to the Notes to be redeemed, the United States Treasury
security selected by an Independent Investment Banker as having a maturity comparable to the remaining
term of such Notes that would be utilized, at the time of selection and in accordance with customary
financial practice, in pricing new issues of corporate debt securities of a comparable maturity to the
remaining term of such Notes.
"Comparable Treasury Price" means, with respect to any redemption date, (A) the average of the Reference
Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest such
Reference Treasury Dealer Quotations, or (B) if the Calculation Agent obtains fewer than five Reference
Treasury Dealer Quotations, the average of all such quotations.
"Independent Investment Banker" means one of the Reference Treasury Dealers appointed by the
Calculation Agent after consultation with the Issuer.
"Reference Treasury Dealer" means each of BofA Securities, Inc., J.P. Morgan Securities LLC, SG
Americas Securities, LLC and a primary U.S. Government securities dealer selected by SMBC Nikko
Securities America, Inc., or their respective affiliates, and one other primary U.S. Government securities
dealer selected by the Issuer; provided, however, that if any of the foregoing or their affiliates ceases to be a
primary U.S. Government securities dealer in the United States, the Issuer will substitute another nationally
recognized investment banking firm that is a primary U.S. Government securities dealer.
"Reference Treasury Dealer Quotations" means, with respect to each Reference Treasury Dealer and any
redemption date, the average, as determined by the Calculation Agent, of the bid and asked prices for the
Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in
writing to the Calculation Agent by such Reference Treasury Dealer at 3:30 p.m., New York City time, on
the third Business Day preceding such redemption date.
"Treasury Rate" means, with respect to any redemption date, the rate per annum equal to the semiannual
equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable
Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price
for such redemption date.
Notice of any redemption will be mailed not more than 60 nor less than 30 days before the redemption date
to each holder of Notes to be redeemed. Unless the Issuer defaults in payment of the redemption price, on
and after the redemption date interest will cease to accrue on the Notes or portions thereof called for
redemption.
Business Days:
New York and London
Minimum Denominations:
$2,000 and $1,000 increments thereafter
Joint Book-Running Managers:
BofA Securities, Inc.
J.P. Morgan Securities LLC
SG Americas Securities, LLC
SMBC Nikko Securities America, Inc.
Co-Managers:
ANZ Securities, Inc.
TD Securities (USA) LLC
U.S. Bancorp Investments, Inc.
DTC Number:
187
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Free Writing Prospectus
https://sec.report/Document/0001193125-20-003226/d844569dfwp.htm
* A securities rating is not a recommendation to buy, sell or hold securities and may be changed or withdrawn at any time.
No PRIIPs KID  No PRIIPs key information document (KID) has been prepared as not available to retail in EEA.
This term sheet supplements the prospectus supplement dated August 8, 2019 and the related prospectus dated August 8, 2019; capitalized
terms used in this term sheet, but otherwise not defined, shall have the meanings assigned to them in the related prospectus supplement and
prospectus.
The issuer has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (the "SEC") for the
offering to which this communication relates. Before you invest, you should read the aforementioned prospectus and prospectus supplement
and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these
documents for free by visiting EDGAR on the web at www.sec.report. Alternatively, the issuer, any underwriter or any dealer participating in
the offering will arrange to send you the aforementioned prospectus, the prospectus supplement and the applicable pricing supplement if you
request them by calling BofA Securities, Inc. toll-free at 1-800-294-1322, J.P. Morgan Securities LLC collect at 1-212-834-4533, SG Americas
Securities, LLC toll-free at 1-855-881-2108 or SMBC Nikko Securities America, Inc. toll-free at 1-888-868-6856.
Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or
notice was automatically generated as a result of this communication being sent by Bloomberg or another email system.
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