FWP 1 tm2311093d8_fwp.htm FWP

 

FREE WRITING PROSPECTUS
Dated April 11, 2023
  Filed Pursuant to Rule 433
Registration No. 333-261470
Registration No. 333-261470-07

 

ABS: $1,043.83MM WOART 2023-B (Prime Auto) - Pricing Details

 

JointLeads:Wells Fargo (struc), BofA, JP Morgan, and TD
Co-Managers:M&T and PNC

  

CLS TOTAL(MM) WAL* S&P/Fitch** BENCH   SPD YLD% CPN% $PRICE
A-1 217.000 0.23 A-1+/F1+ I-Cur + Preplaced 5.316 5.316 100.00000
A-2a 230.000 1.10 AAA/AAA I-Cur + 71 5.316 5.250 99.99151
A-2b 153.000 1.10 AAA/AAA SOFR30A + 71     100.00000
A-3 297.200 2.55 AAA/AAA I-Cur + 81 4.715 4.660 99.97770
A-4 99.500 3.73 AAA/AAA I-Cur + 102 4.726 4.680 99.99965
B 31.390 3.82 AA/AA I-Cur + Retained      
C 15.740 3.82 A/A I-Cur + Retained      

* Pricing Speed: 1.30% ABS, 10% call

** Minimum required ratings

 

-TRANSACTION DETAILS-
Offered Size : $1,043,830,000
Registration : SEC Registered
ERISA Eligible : Yes
Expected Settlement : 4/19/2023
First Payment : 5/15/2023
Expected Ratings : S&P/Fitch
Bloomberg Ticker : WOART 2023-B
Risk Retention : US
   
-MARKETING MATERIALS-
Preliminary Prospectus : Attached
Intex : Dealname: wswoart2023b | Password: 34YV
DealRoadshow : https://dealroadshow.com
Entry Code (Case Sensitive) : WOART2023B
Direct Link : https://dealroadshow.com/e/WOART2023B

 

If this communication relates to an offering of US registered securities (i) a registration statement has been filed with the SEC, (ii) before investing you should read the filed documents, and (iii) you may obtain these documents from your sales representative, by calling 1-800-326-5897 or visiting www.sec.gov.