Company: PAYX
Filing Date: 2025-04-09
Form Type: 424B2
Source: 0001193125-25-076822
Chunk: 49

Company: PAYCHEX INC
Filing Date: 2025-04-09
Form: 424B2
Chunk 49
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 code and the
U.S. Treasury Regulations promulgated thereunder, commonly referred to as ‘‘FATCA,’’ generally impose a withholding tax of 30% on payments to certain non-U.S. entities (including financial
intermediaries) with respect to certain financial instruments, unless various U.S. information reporting and due diligence requirements have been satisfied. An intergovernmental agreement between the united states and the non-U.S. entity’s jurisdiction may modify these requirements. Withholding under these rules (if applicable) applies to payments of interest on the notes and to payments of gross proceeds of the sale, exchange
or retirement of the notes. However, under proposed U.S. Treasury Regulations (the preamble to which specifies that taxpayers are permitted to rely on them pending finalization), no withholding will apply on payments of gross proceeds. Non-U.S. Holders, and U.S. Holders holding notes through a non-U.S. intermediary, should consult their tax advisors regarding the potential application of FATCA to the notes.

S-30

UNDERWRITING We and the several underwriters named in the table below, for whom J.P. Morgan Securities LLC and BofA Securities, Inc. are acting as representatives, have entered into an underwriting agreement with respect to the notes. Subject to the terms and conditions in the underwriting agreement, we have agreed to sell to each underwriter, and each underwriter has severally agreed to purchase from us, the principal amount of notes that appears opposite its name in the table below:

| Underwriter                  |     | Principal Amount 
 of 2030 notes    |               |     | Principal Amount 
 of 2032 notes    |               |     | Principal Amount 
 of 2035 notes    |               |
|:-----------------------------|:----|:-----------------|--------------:|:----|:-----------------|--------------:|:----|:-----------------|--------------:|
| J.P. Morgan Securities LLC.  |     | $                |   750,000,000 |     | $                |   750,000,000 |     | $                |   600,000,000 |
| BofA Securities, Inc.        |     |                  |   225,000,000 |     |                  |   225,000,000 |     |                  |   180,000,000 |
| PNC Capital Markets LLC      |     |                  |   165,000,000 |     |                  |