# EDGAR Filing Document

**Accession Number:** 0000864270
**File Stem:** 0001193125-25-144702
**Filing Date:** 2025-6
**Character Count:** 9990
**Document Hash:** 0138afed6ab9247036efc09f0953f883
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-144702.hdr.sgml**: 20250623

**ACCESSION NUMBER**: 0001193125-25-144702

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250623

**DATE AS OF CHANGE**: 20250623

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN HONDA FINANCE CORP
- **CENTRAL INDEX KEY:** 0000864270
- **STANDARD INDUSTRIAL CLASSIFICATION:** PERSONAL CREDIT INSTITUTIONS [6141]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 953472715
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-266775
- **FILM NUMBER:** 251065509

**BUSINESS ADDRESS:**
- **STREET 1:** 1919 TORRANCE BLVD.
- **CITY:** TORRANCE
- **STATE:** CA
- **ZIP:** 90501
- **BUSINESS PHONE:** 310-972-2555

**MAIL ADDRESS:**
- **STREET 1:** 1919 TORRANCE BLVD.
- **CITY:** TORRANCE
- **STATE:** CA
- **ZIP:** 90501
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN HONDA FINANCE CORP
- **CENTRAL INDEX KEY:** 0000864270
- **STANDARD INDUSTRIAL CLASSIFICATION:** PERSONAL CREDIT INSTITUTIONS [6141]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 953472715
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** 1919 TORRANCE BLVD.
- **CITY:** TORRANCE
- **STATE:** CA
- **ZIP:** 90501
- **BUSINESS PHONE:** 310-972-2555

**MAIL ADDRESS:**
- **STREET 1:** 1919 TORRANCE BLVD.
- **CITY:** TORRANCE
- **STATE:** CA
- **ZIP:** 90501

**Filed Pursuant to Rule 433** 

**Registration No. 333-266775** 

**Term Sheet** 

**June 23, 2025** 

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| | |
|:---|:---|
| Issuer: | American Honda Finance Corporation |
| Issuer Legal Entity Identifier: | B6Q2VFHD1797Q7NZ3E43 |
| Security: | Fixed Rate Medium-Term Notes, Series A |
| Issuer Senior Long-Term Debt Ratings\*: | Moody's Investors Service, Inc.: A3 (stable outlook)<br> Standard & Poor's Ratings Services: A- (negative outlook) |
| ISIN/Common Code/CUSIP: | XS3105983053 / 310598305 / 026657 BG0 |
| Trade Date: | June 23, 2025 |
| Original Issue Date\*\*: | June 27, 2025 (T+4) |
| Stated Maturity Date: | June 27, 2031 |
| Principal Amount: | €500,000,000 |
| Benchmark Government Security: | DBR 0.000% due February 15, 2031 |
| Benchmark Government Security Yield: | 2.154% |
| Spread to Benchmark Government Security: | +134.6 bps |
| Mid-Swap Yield: | 2.300% |
| Re-Offer Yield: | 3.500% |
| Re-Offer Spread to Mid-Swaps: | +120 bps |
| Price to Public: | 100.000% |
| Commission: | 0.375% |
| Net Proceeds to Issuer: | 99.625% / €498,125,000 |
| Interest Rate: | 3.500% per annum, accruing from June 27, 2025 |
| All-in-Yield: | 3.571% |
| Interest Payment Frequency: | Annual |
| Interest Payment Dates: | Each June 27, beginning on June 27, 2026, and at maturity |
| Day Count Convention: | Actual / Actual (ICMA) |
| Currency of Payment: | Euro |
| Payment of Additional Amounts: | Yes, as provided in the preliminary pricing supplement dated June 23, 2025 (the "Preliminary Pricing Supplement"). |
| Redemption for Tax Reasons: | Yes, as provided in the Preliminary Pricing Supplement. |
| Optional Redemption: | Comparable Government Bond Rate +25 bps, plus unpaid interest, if any, accrued thereon to but excluding the redemption date, as provided in the Preliminary Pricing Supplement. |
| Listing: | Application will be made to list the Notes on the New York Stock Exchange although the Issuer cannot guarantee such listing will be obtained. |
| Business Day Convention: | If any Interest Payment Date, the Stated Maturity Date or earlier redemption date falls on a day that is not a Business Day, the related payment of principal, premium, if any, or interest will be made on the next succeeding Business Day as if made on the date the applicable payment was due, and no interest will accrue on the amount so payable for the period from and after such Interest Payment Date, the Stated Maturity Date or earlier redemption date, as the case may be, to the date of such payment on the next succeeding Business Day. |

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| | |
|:---|:---|
| Record Dates: | Save as provided below, the 15th calendar day, whether or not a Business Day, immediately preceding the related Interest Payment Date; *provided that*, in the case of Notes represented by a global note, the regular record date for the Notes will be the clearing system business day (for this purpose a day on which Clearstream Banking S.A. and Euroclear Bank SA/NV are open for business) immediately preceding the related Interest Payment Date. |
| Trustee and Paying Agent: | Deutsche Bank Trust Company Americas |
| Registrar and Transfer Agent: | Deutsche Bank Trust Company Americas |
| Business Days: | Any day, other than a Saturday or Sunday, (i) which is not a day on which banking institutions in the City of New York or London are authorized or required by law, regulation or executive order to close and (ii) on which the Trans-European Automated Real-Time Gross Settlement Express Transfer system (T2) or any successor or replacement for that system, is open. |
| Minimum Denominations: | €100,000 and €1,000 increments thereafter |
| Joint Book-Running Managers: | ANZ Securities, Inc.<br> J.P. Morgan Securities plc<br> Merrill Lynch International<br> Mizuho International plc |
| Co-Managers: | Deutsche Bank AG, London Branch<br> ING Bank N.V., Belgian Branch<br> U.S. Bancorp Investments, Inc.<br> Wells Fargo Securities International Limited |

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**\*** **A securities rating is not a recommendation to buy, sell or hold securities and may be changed or withdrawn at any time.** 

**\*\*** **It is expected that delivery of the Notes will be made against payment therefor on or about June 27, 2025, which will be the fourth U.S. business day following the date of the pricing of the Notes. Under Rule 15c6-1 of the U.S. Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in one U.S. business day, unless the parties to a trade expressly agree otherwise. Accordingly, purchasers who wish to trade Notes on any date prior to the U.S. business day before the Original Issue Date will be required to specify alternative settlement arrangements to prevent a failed settlement.** 

**UK MiFIR – professionals/ECPs-only / No PRIIPs or UK PRIIPs KID – Manufacturer target market (UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs or UK PRIIPs key information document (KID) has been prepared as the Notes are not available to retail investors in the European Economic Area (the "EEA") or in the United Kingdom.** 

**This term sheet supplements the Preliminary Pricing Supplement, the prospectus supplement dated August 8, 2024 and the related prospectus dated August 11, 2022; capitalized terms used in this term sheet, but otherwise not defined, shall have the meanings assigned to them in the Preliminary Pricing Supplement or the related prospectus supplement and prospectus.** 

**The issuer has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (the "SEC") for the offering to which this communication relates. Before you invest, you should read the aforementioned prospectus, prospectus supplement, the Preliminary Pricing Supplement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the web at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the aforementioned prospectus, the prospectus supplement and the applicable pricing supplement if you request them by contacting ANZ Securities, Inc. collect at +1-212-801-9171, J.P. Morgan Securities plc toll-free at +44-207-134-2468 (non-U.S. investors) or J.P. Morgan Securities LLC (collect) at +1-212-834-4533 (U.S. investors), Merrill Lynch International toll-free at +1-800-294-1322 or Mizuho International plc toll-free at +44-207-248-3920.** 

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