Filed Pursuant
to Rule 433
Registration Nos. 333-249906
and 333-249906-03
*FULL PRICING DETAILS* $1.5B VW CREDIT, INC. (VWALT 2023-A) Prime Auto Lease ABS
Joint Bookrunners: Barclays(str), Scotiabank, US Bancorp, and Wells Fargo Securities
Co-Managers: RBC and TD Securities
-ANTICIPATED CAPITAL STRUCTURE-
CLS | AMT($MM) | WAL* | M/S | PWIN | L.FIN | BENCH | SPREAD | YIELD(%) | CPN(%) | PRICE(%) | ||||||||||
A-1 | 220.000 | 0.22 | P-1/A-1+ | 1-6 | 09/24 | I-CRV | +20 | 5.633% | 5.633% | 100.0000% | ||||||||||
A-2-A | 470.000 | 1.08 | Aaa/AAA | 6-18 | 01/26 | I-CRV | +57 | 5.951% | 5.87% | 99.99106% | ||||||||||
A-2-B | 162.000 | 1.08 | Aaa/AAA | 6-18 | 01/26 | SOFR30A | +57 | N/A | SOFR30A+0.57% | 100.0000% | ||||||||||
A-3 | 559.000 | 1.97 | Aaa/AAA | 18-29 | 10/26 | I-CRV | +87 | 5.889% | 5.81% | 99.98511% | ||||||||||
A-4 | 89.000 | 2.52 | Aaa/AAA | 29-31 | 04/28 | I-CRV | +103 | 5.876% | 5.80% | 99.98748% |
* Assumes 100% PPC and WAL to maturity
** Maximum size of A-2B is 50% of total A-2 size
PRICED - TOE: 5:08 PM EST
- Transaction Details -
Upsize Size : | $1.5B | |
Registration : | SEC Registered | |
Expected Settle : | September 19th, 2023 | |
First Pay : | October 20th, 2023 | |
ERISA Eligible : | Yes | |
PXG Speed : | 100% PPC to Maturity | |
Risk Retention : | US - Yes, EU – No | |
BBG Ticker : | VWALT 2023-A | |
Bill & Deliver : | Barclays |
- Marketing Materials –
Preliminary Prospectus, Ratings FWP
Investor Presentation: www.dealroadshow.com Password: VWALT23A
CDI Deal Name: bcgvwalt23a_px Password: 344Y
The issuer has filed a registration statement (including a prospectus) with the u.s. Securities and exchange commission (sec) for this offering. Before you invest, you should read the prospectus for this offering in that registration statement, and other documents that 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 searching the sec online database (edgar) at www.sec.gov. Alternatively, you may obtain a copy of the prospectus from Barclays capital inc. By calling 1-888-603-5847.