0001144204-11-030548.txt : 20110517 0001144204-11-030548.hdr.sgml : 20110517 20110517143024 ACCESSION NUMBER: 0001144204-11-030548 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110517 DATE AS OF CHANGE: 20110517 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Honda Auto Receivables 2011-2 Owner Trust CENTRAL INDEX KEY: 0001520947 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-173202-01 FILM NUMBER: 11851051 BUSINESS ADDRESS: STREET 1: 20800 MADRONA AVE STREET 2: C/O AMERICAN HONDA RECEIVABLES LLC CITY: TORRANCE STATE: CA ZIP: 90503 BUSINESS PHONE: 3109722511 MAIL ADDRESS: STREET 1: 20800 MADRONA AVE STREET 2: C/O AMERICAN HONDA RECEIVABLES LLC CITY: TORRANCE STATE: CA ZIP: 90503 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN HONDA RECEIVABLES LLC CENTRAL INDEX KEY: 0000890975 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 800695898 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 20800 MADRONA AVE STREET 2: C/O AMERICAN HONDA RECEIVABLES LLC CITY: TORRANCE STATE: CA ZIP: 90503 BUSINESS PHONE: 3109722511 MAIL ADDRESS: STREET 1: 20800 MADRONA AVE STREET 2: C/O AMERICAN HONDA RECEIVABLES LLC CITY: TORRANCE STATE: CA ZIP: 90503 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN HONDA RECEIVABLES CORP DATE OF NAME CHANGE: 19940324 FWP 1 v222718_fwp.htm Unassociated Document
Free Writing Prospectus
Filed Pursuant to Rule 433
Dated May 16, 2011
Registration Statement No. 333-173202

Free Writing Prospectus dated May 16, 2011

Honda Auto Receivables 2011-2 Owner Trust
Issuing Entity
 
American Honda Receivables LLC,
Depositor
 
American Honda Finance Corporation,
Sponsor, Originator, Servicer and Administrator
 
$1,200,000,000 ASSET BACKED NOTES, Series 2011-2
 
The depositor has prepared a preliminary prospectus supplement dated May 16, 2011 and prospectus dated May 16, 2011 which describe the notes issued by the issuing entity.  You should review the preliminary prospectus supplement and the prospectus in their entirety before deciding to purchase any of the notes.
 
Ratings
 
The depositor expects that the notes issued by the issuing entity will receive the indicated ratings from Fitch, Inc. (“Fitch”) and Moody’s Investors Service, Inc. (“Moody’s” and together with Fitch, the “rating agencies”), listed below.
 
 
Fitch
  
Moody’s
Class A-1 Notes
F1+ (sf)
  
Prime-1 (sf)
Class A-2 Notes
AAA (sf)
  
Aaa (sf)
Class A-3 Notes
AAA (sf)
  
Aaa (sf)
Class A-4 Notes
AAA (sf)
  
Aaa (sf)
 
It is a condition to the issuance of the notes that each of the notes receive the ratings listed above.
 
The ratings of the notes address the likelihood of the payment of principal and interest on the notes according to their terms.  Each rating agency rating the notes will monitor the ratings using its normal surveillance procedures.  Any rating agency may change or withdraw an assigned rating at any time.  Any rating action taken by one rating agency may not necessarily be taken by the other rating agency.
 
None of the sponsor, depositor, servicer, administrator, indenture trustee, Delaware trustee, owner trustee or any of their affiliates will be required to monitor any changes to the ratings on these notes.
 
A security rating is not a recommendation to buy, sell or hold notes.  The ratings of the notes address the likelihood of the payment of principal and interest on the notes in accordance with their terms.  A rating agency may subsequently lower or withdraw its rating of any class of the notes.  If this happens, no person or entity will be obligated to provide any additional credit enhancement for the notes.
 
Joint Bookrunners
 
RBS
Deutsche Bank Securities
Co-Managers
 
Barclays Capital
BNP PARIBAS
Citi
J.P. Morgan
SOCIETE GENERALE
 
The depositor has filed a registration statement (including a prospectus supplement and prospectus) with the SEC for the offering to which this communication relates.  Before you invest, you should read the prospectus supplement and prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering.  You may get these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free at 1-866-884-2071 or by emailing offeringmaterials@rbs.com.