0001104659-23-100172.txt : 20230913 0001104659-23-100172.hdr.sgml : 20230913 20230912214640 ACCESSION NUMBER: 0001104659-23-100172 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20230913 DATE AS OF CHANGE: 20230912 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: VOLKSWAGEN AUTO LEASE/LOAN UNDERWRITTEN FUNDING, LLC CENTRAL INDEX KEY: 0001182534 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 113650483 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-249906 FILM NUMBER: 231251494 BUSINESS ADDRESS: STREET 1: 2200 WOODLAND POINTE AVENUE CITY: HERNDON STATE: VA ZIP: 20171 BUSINESS PHONE: (703) 364-7325 MAIL ADDRESS: STREET 1: 2200 WOODLAND POINTE AVENUE CITY: HERNDON STATE: VA ZIP: 20171 FORMER COMPANY: FORMER CONFORMED NAME: VOLKSWAGEN AUTO LEASE UNDERWRITTEN FUNDING LLC DATE OF NAME CHANGE: 20020823 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VOLKSWAGEN AUTO LEASE/LOAN UNDERWRITTEN FUNDING, LLC CENTRAL INDEX KEY: 0001182534 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 113650483 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 2200 WOODLAND POINTE AVENUE CITY: HERNDON STATE: VA ZIP: 20171 BUSINESS PHONE: (703) 364-7325 MAIL ADDRESS: STREET 1: 2200 WOODLAND POINTE AVENUE CITY: HERNDON STATE: VA ZIP: 20171 FORMER COMPANY: FORMER CONFORMED NAME: VOLKSWAGEN AUTO LEASE UNDERWRITTEN FUNDING LLC DATE OF NAME CHANGE: 20020823 FWP 1 tm2325432d8_fwp.htm FWP

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.