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Filed under Rule 424(b)(3)
File Number 33-51335
SUPPLEMENT NO. 12 TO PROSPECTUS DATED DECEMBER 14, 1993
(AS SUPPLEMENTED DECEMBER 15, 1993)
PACCAR Financial Corp.
Medium Term Notes
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<S> <C>
Principal Amount $50,000,000
Original Issue Date May 23, 1994
Maturity Date May 23, 1995
Initial Index To Be Determined
Interest Rate Formula Index + 11 basis points
Index Maximum of i) Previous Capped Rate or
ii) the Minimum of 3-month LIBOR or
(Previous Capped Rate + 50 basis points)
Previous Capped Rate Index for the previous reset period
Interest Rest Dates 8/23/94, 11/23/94, 2/23/95
Interest Determination Date 8/19/94, 11/21/94, 2/21/95
Interest Payment Period Quarterly
Interest Payment Dates 8/23/94, 11/23/94, 2/23/95, 5/23/95
Day Count Convention Actual/360
Calculation Agent Chemical Securities Inc.
Form of Note Book Entry
Dated May 16, 1994
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In some instances, the Underwriter may have purchased the Notes as principal
and may resell the Notes at prices to be determined by such Underwriter at the
time of resale.
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Filed under Rule 424(b)(3)
File No. 33-51335
PRICING SUPPLEMENT TO PROSPECTUS DATED DECEMBER 14, 1993 (PACCAR
(As Supplemented December 15, 1993) Financial)
$50,000,000
PACCAR Financial Corp.
Medium-Term Notes, Series G
________________
The Medium-Term Notes, Series G ("Notes") offered hereby may not be redeemed
prior to maturity. The Notes will be issued only in fully registered form in
denominations of $1,000 or any integral multiple of $1,000. Additional terms
of the Notes offered hereby appear on the following pages.
As described under "Plan of Distribution," the Company has reserved the
right to sell additional Notes through the Agents named therein (or through one
or more additional agents), directly to investors or to other underwriters.
Each Note offered hereby will be represented by a global Note registered in
the name of a nominee of The Depository Trust Company, as Depositary, or other
depositary (a "Book-Entry Note"). Beneficial interests in Book-Entry Notes
will be shown on, and transfers thereof will be effected only through, records
maintained by the Depositary and its participants. Book-Entry Notes will not
be issuable in certificated form except under the limited circumstances
described in the accompanying Prospectus.
________________
THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND
EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE
SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION
PASSED UPON THE ACCURACY OR ADEQUACY OF THE PROSPECTUS
SUPPLEMENT, THIS PRICING SUPPLEMENT HERETO OR THE PROSPECTUS.
ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
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<CAPTION>
PRICE TO UNDERWRITING DISCOUNTS PROCEEDS TO
PUBLIC AND COMMISSIONS(1) COMPANY(2)
<S> <C> <C> <C>
Per Note 100% .00% 100%
Total $50,000,000 $0 $50,000,000
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(1) The Underwriter or its affiliates may be customers of, extend credit to,
engage in interest rate exchange agreements or other transactions with,
or perform services for, the Company or its affiliates in the ordinary
course of business.
(2) Before deducting other expenses payable by the Company in connection with
the Medium-Term Notes, Series G, estimated at $680,000. The Company has
agreed to indemnify the Underwriter against certain liabilities,
including liabilities under the Securities Act of 1933.
________________
The Notes offered hereby are offered by the Underwriter named below subject
to prior sale, to withdrawal, cancellation or modification of the offer without
notice, to delivery to and acceptance by the Underwriter and to certain further
conditions.
___________________________
Chemical Securities Inc.
The date of this Pricing Supplement is May 16, 1994
