FWP 1 tm2325432d6_fwp.htm FWP

Filed Pursuant to Rule 433
Registration Nos. 333-249906
and 333-249906-03

 

Free Writing Prospectus dated September 5, 2023

 

 

Volkswagen Auto Lease Trust 2023-A

Issuing Entity

 

Volkswagen Auto Lease/Loan
Underwritten Funding, LLC
VW Credit, Inc.
Depositor Sponsor and Servicer

 

The depositor has prepared a preliminary prospectus dated September 5, 2023 which describes the notes to be issued by the issuing entity. You should review the preliminary prospectus in its 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 credit ratings from the nationally recognized statistical rating organizations, or “rating agencies,” listed below.

 

   

S&P Global
Ratings

 

Moody’s
Investors
Service, Inc.

Class A-1 Notes   A-1+ (sf)   P-1 (sf)
Class A-2-A Notes   AAA (sf)   Aaa (sf)
Class A-2-B 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, on the closing date, each class of notes receive at least the ratings listed above.

 

 

 

Underwriters

 

Barclays Scotiabank US Bancorp

Wells Fargo
Securities

 

 

 

The depositor 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 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 1-888-603-5847.