Company: PAYX
Filing Date: 2025-04-09
Form Type: 424B2
Source: 0001193125-25-076822
Chunk: 58

Company: PAYCHEX INC
Filing Date: 2025-04-09
Form: 424B2
Chunk 58
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 | the aggregate consideration payable on acceptance of the offer or invitation by each offeree or invitee is at                                                                                                                                     
 least A$500,000 (or its equivalent in another currency, in either case, disregarding moneys lent by the person offering the notes or making the invitation or its associates) or the offer or invitation otherwise does not require disclosure to 
 investors in accordance with Part 6D.2 or 7.9 of the Corporations Act;                                                                                                                                                                            |

| (b) | the offer, invitation or distribution complied with the conditions of the Australian financial services license                  
 of the person making the offer, invitation or distribution or an applicable exemption from the requirement to hold such license; |

| (c) | the offer, invitation or distribution complies with all applicable Australian laws, regulations and directives 
 (including, without limitation, the licensing requirements set out in Chapter 7 of the Corporations Act);      |

| (d) | the offer or invitation does not constitute an offer or invitation to a person in Australia who is a 
 “retail client” as defined for the purposes of Section 761G of the Corporations Act; and             |

| (e) | such action does not require any document to be lodged with ASIC or The Australian Securities Exchange. |

South Korea The notes have not been and will not be registered with the Financial Services Commission of Korea under the Financial Investment Services and Capital Markets Act of Korea. Accordingly, the notes have not been and will not be offered, sold or delivered, directly or indirectly, in Korea or to, or for the account or benefit of, any resident of Korea (as defined in the Foreign Exchange Transactions Law of Korea and its Enforcement Decree) or to others for re-offeringor resale, directly or indirectly, to any resident of Korea, except as otherwise permitted by applicable Korean laws and regulations. In addition, within one year following the issuance of the notes, the notes may not be transferred to any resident of Korea other than a qualified institutional buyer (as such term is defined in the regulation on issuance, public disclosure, etc. of securities of Korea, a “Korean QIB”) registered with the Korea Financial Investment Association (the “KOFIA”) as a Korean QIB and subject to the requirement of monthly reports with the KOFIA of its holding of Korean QIB bonds as defined in the Regulation on Issuance, Public Disclosure, etc. of notes of Korea, provided that (a) the notes are denominated, and the principal and