0000929638-23-001966.txt : 20230706 0000929638-23-001966.hdr.sgml : 20230706 20230706121141 ACCESSION NUMBER: 0000929638-23-001966 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20230706 DATE AS OF CHANGE: 20230706 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BMW Vehicle Owner Trust 2023-A CENTRAL INDEX KEY: 0001979860 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-262471-02 FILM NUMBER: 231072752 BUSINESS ADDRESS: STREET 1: 300 CHESTNUT RIDGE RD CITY: WOODCLIFF LAKE STATE: NJ ZIP: 07677 BUSINESS PHONE: 2013074000 MAIL ADDRESS: STREET 1: 300 CHESTNUT RIDGE RD CITY: WOODCLIFF LAKE STATE: NJ ZIP: 07677 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BMW FS SECURITIES LLC CENTRAL INDEX KEY: 0001136586 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 300 CHESTNUT RIDGE RD CITY: WOODCLIFF LAKE STATE: NJ ZIP: 07677 BUSINESS PHONE: 2013074000 MAIL ADDRESS: STREET 1: 300 CHESTNUT RIDGE RD CITY: WOODCLIFF LAKE STATE: NJ ZIP: 07677 FWP 1 bmw2023-a_fwp.htm
Free Writing Prospectus
Filed Pursuant to Rule 433
Dated July 6, 2023
Registration Statement Nos. 333-262471 and 333-262471-02

BMW FS SECURITIES LLC HAS FILED A REGISTRATION STATEMENT (INCLUDING A PROSPECTUS) WITH THE SEC FOR THE OFFERING TO WHICH THIS COMMUNICATION RELATES.  BEFORE YOU INVEST, YOU SHOULD READ THE PROSPECTUS IN THAT REGISTRATION STATEMENT AND THE OTHER DOCUMENTS BMW FS SECURITIES LLC HAS FILED WITH THE SEC FOR MORE COMPLETE INFORMATION ABOUT BMW FS SECURITIES LLC, BMW VEHICLE OWNER TRUST 2023-A AND THIS OFFERING.  YOU MAY GET THESE DOCUMENTS FOR FREE BY VISITING EDGAR ON THE SEC WEB SITE AT WWW.SEC.GOV.  ALTERNATIVELY, BMW FS SECURITIES LLC, ANY UNDERWRITER OR ANY DEALER PARTICIPATING IN THE OFFERING WILL ARRANGE TO SEND YOU THE PROSPECTUS IF YOU REQUEST IT BY CALLING 1-855-495-9846.
 
Free Writing Prospectus dated July 6, 2023
 
$1,250,000,000(1)
Asset-Backed Notes
 
BMW Vehicle Owner Trust 2023-A
Issuing Entity
(CIK Number: 0001979860)
 
BMW FS Securities LLC
Depositor
(CIK Number: 0001136586)
BMW Financial Services NA, LLC
Sponsor, Originator, Seller, Servicer and Administrator
(CIK Number: 0001541188)
BMW Bank of North America
Originator and Seller

The depositor has prepared a preliminary prospectus dated July 6, 2023 which describes the notes to be issued by the issuing entity. You should review such preliminary prospectus in its entirety before deciding to purchase any of the notes.
 
Ratings
 
It is a condition to the issuance of the notes that, on the closing date, they receive at least the indicated ratings from S&P Global Ratings (“S&P”) and Fitch Ratings, Inc. (“Fitch” and, together with S&P, the “rating agencies”), listed below.
 
 
S&P
  
Fitch
Class A-1 Notes
A-1+ (sf)
  
F1+sf
Class A-2a Notes
AAA (sf)
  
AAAsf
Class A-2b Notes
AAA (sf)
  
AAAsf
Class A-3 Notes
AAA (sf)
  
AAAsf
Class A-4 Notes
AAA (sf)
  
AAAsf
_________________________________
(1) The issuing entity will issue asset backed notes with an aggregate initial principal amount of $1,250,000,000 or $1,500,000,000.
 
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 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 its assigned rating at any time. If this happens, no person or entity will be obligated to provide any additional credit enhancement for the notes. Any rating action taken by one rating agency may not necessarily be taken by the other rating agency.
 
None of the sponsor, the depositor, the servicer, the administrator, the sellers, the originators, the indenture trustee, the owner trustee, the asset representations reviewer or any of their affiliates will be required to monitor any changes to the ratings on these notes.
 
Underwriters
TD Securities
MUFG
Wells Fargo Securities
Co-Managers
Citigroup
US Bancorp