Company: PAYX
Filing Date: 2025-04-08
Form Type: 424B2
Source: 0001193125-25-075170
Chunk: 49

Company: PAYCHEX INC
Filing Date: 2025-04-08
Form: 424B2
Chunk 49
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, 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    notes      |     | Principal Amount 
 of    notes      |     | Principal Amount 
 of    notes      |
|:----------------------------|:----|:-----------------|:----|:-----------------|:----|:-----------------|
| J.P. Morgan Securities LLC  |     | $                |     | $                |     | $                |
| BofA Securities, Inc.       |     |                  |     |                  |     |                  |
| PNC Capital Markets LLC     |     |                  |     |                  |     |                  |
| Wells Fargo Securities, LLC |     |                  |     |                  |     |                  |
| Total                       |     | $                |     | $                |     | $                |

The underwriters are offering the notes subject to their acceptance of the notes from us and subject to prior sale. The underwriting agreement provides that the obligations of the several underwriters to pay for and accept delivery of the notes offered by this prospectus supplement are subject to the approval of certain legal matters by their legal counsel and to certain other conditions. The underwriters are obligated to take and pay for all of the notes offered by this prospectus supplement if any such notes are taken. The offering of the notes by the underwriters is subject to receipt and acceptance and subject to the underwriters’ right to reject any order in whole or in part. The underwriters initially propose to offer the notes of each series directly to the public at the offering prices described on the cover page of this prospectus supplement. In addition, the underwriters initially may offer the notes to certain dealers at a price that represents a concession not in excess of % of the principal amount of the notes and the notes to certain dealers at a price that represents a concession not in excess of % of the principal amount of the notes. Any underwriter may allow, and any such dealer may reallow, a concession not in excess of % of the principal amount of the notes and % of the principal amount of the notes to certain other dealers. After the initial offering of the notes, the underwriters may from time to time vary the offering prices and other selling terms. The following table shows the underwriting discounts that we will pay to the