Company: PAYX
Filing Date: 2025-04-09
Form Type: 424B2
Source: 0001193125-25-076822
Chunk: 50

Company: PAYCHEX INC
Filing Date: 2025-04-09
Form: 424B2
Chunk 50
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us 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 2030 notes to certain dealers at a price that represents a concession not in excess of 0.350% of the principal amount of the 2030 notes, the 2032 notes to certain dealers at a price that represents a concession not in excess of 0.375% of the principal amount of the 2032 notes and the 2035 notes to certain dealers at a price that represents a concession not in excess of 0.400% of the principal amount of the 2035 notes. Any underwriter may allow, and any such dealer may reallow, a concession not in excess of 0.250% of the principal amount of the 2030 notes, 0.250% of the principal amount of the 2032 notes and 0.250% of the principal amount of the 2035 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 underwriters in connection with this offering:

|               |     | Paid By Us |            |   |
| Per 2030 note |     |            |      0.600 | % |
| Per 2032 note |     |            |      0.625 | % |
| Per 2035 note |     |            |      0.650 | % |
| Total         |     | $          | 26,175,000 |   |

S-31

Expenses associated with this offering to be paid by us, other than the underwriting
discounts, are estimated to be approximately $9.6 million.

We have agreed to indemnify the several underwriters against certain
liabilities, including liabilities under the Securities Act, or contribute to payments that the underwriters may be required to make in respect of those liabilities.

The notes of each series are a new issue of securities with no established trading market. We have been advised by the underwriters that they
intend to make a market in the notes of each series