PROSPECTUS and PRICING SUPPLEMENT NO. 1
PROSPECTUS SUPPLEMENT, each effective at 4:00 pm ET
Dated August 6, 1993 Dated March 29, 1994
Commission File No.: 33-66082
Filed pursuant to Rule 424(b)(3)
U.S. $622,350,000
JOHN DEERE CAPITAL COR PORATION
MEDIUM-TERM NOTES, SER IES B
due from 9 Months to 3 0 Years from Date of Issue
(Floating Rate Notes)
Original Issue Date: 15 April 1994
Maturity Date: 15 April 1998
Issue Price: 100%
Issue Size: $10,000,000
Proceeds to Issuer: $10,000,000*
Floating Rate Basis: Constant Maturity
Treasury (CMT) as
defined below
Index Maturity: 5 years
Interest Rate Formula: (0.5 x CMT) + 2.30%
Spread Multiplier: ------
Initial Interest Rate: (0.5 x CMT) + 2.30% for
March 31, 1994
Maximum Interest Rate: ------
Minimum Interest Rate: 5.25%
Day Count Convention: Actual/Actual
Calculation: Intermediate calculations rounded to five (5)
decimal places. Final coupon calculations
rounded to three (3) decimal places.
Calculation Agent: Salomon Brothers Inc
Treasury Rate Determination Agent: Salomon Brothers Inc
Interest Payment Dates: Interest will be payable in U.S. dollars on 15 Jul 94,
17 Oct 94, 17 Jan 95, 17 Apr 95, 17 Jul 95, 16 Oct 95,
16 Jan 96, 15 Apr 96, 15 Jul 96, 15 Oct 96, 15 Jan 97,
15 Apr 97, 15 Jul 97, 15 Oct 97, 15 Jan 98, and on the
Maturity Date.
Interest Determination Date: The Interest Determination Date pertaining to an
Interest Reset Date shall be the day that is ten
Business Days preceding such Interest Reset Date.
Interest Reset Dates: Quarterly on the 15th of January, April, July, and
October, commencing on Settlement.
Redemption Provisions: None.
Constant Maturity Treasury (CMT)
The Constant Maturity Treasury Rate shall be the rate that is set forth in the
Federal Reserve Board publication H.15(519) opposite the caption U.S.
Government Securities/Treasury Constant Maturities in the Index Maturity with
respect to the applicable Treasury Rate Interest Determination Date (as defined
elsewhere). If the H.15(519) is not available, the Constant Maturity Treasury
Rate shall be the rate that was set forth on Telerate Page 7055, or its
successor page (as determined by the Treasury Rate Determination Agent), on
the applicable Treasury Rate Determination Date opposite applicable Index
Maturity. If no such rate is set forth, then the Constant Maturity Treasury
Rate for such Interest Reset Date shall be established by the Treasury Rate
Determination Agent as follows. The Treasury Rate Determination Agent will
contact the Federal Reserve Board and request the Constant Maturity Treasury
Rate, in the applicable Index Maturity, for the Interest Reset Date. If the
Federal Reserve Board does not provide such information, then the Constant
Maturity Treasury Rate for such Interest Reset Date will be the arithmetic mean
of quotations reported by three leading U.S. government securities dealers
(one of which may be the Treasury Rate Determination Agent), according to
their written records, with reference to the 3:00 p.m. (New York time) on
the Treasury Rate Determination Date closing bid-side yield quotations for
the noncallable U.S. Treasury Note that is nearest in maturity to the Index
Maturity, but not less than exactly the Index Maturity and for the
noncallable U.S. Treasury Note that is nearest in maturity to the Index
Maturity, but not more than exactly the Index Maturity. The Treasury Rate
Determination Agent shall calculate the Constant Maturity Treasury Rate by
interpolating to the Index Maturity based on an Actual/Actual day count
basis, the yield on the two Treasury Notes selected. If the Treasury Rate
Determination Agent cannot obtain three such adjusted quotations, the
Constant Maturity Treasury Rate for such Interest Reset Date will be the
arithmetic mean of all such quotations, or if only one such quotation is
obtained, such quotation, obtained by the Treasury Rate Determination Agent.
In all events, the Treasury Rate Determination Agent shall continue polling
dealers until at least one adjusted yield quotation can be determined.
*With respect to the above referenced note, the Agent has received
compensation in connection with the arranging of transactions related to
the note.
