FWP 1 d884359dfwp.htm FWP FWP

Free Writing Prospectus

Dated April 22, 2020

Filed Pursuant to Rule 433(d)

Registration No. 333-228379

Registration No. 333-228379-06

**PX DETAILS** $1,150MM CarMax (CARMX) 2020-2

Joint Leads: Wells Fargo Securities (struc), Barclays, BofA

Co-Managers: CS, Mizuho, MUFG, SMBC

 

CLASS SIZE($MM)

    WAL      S&P/F      BENCH      SPD      YLD%      CPN%      $PRICE  

A1 223.000

      0.24        A-1+/F1+        IntL        +25        1.25179        1.25179        100.00000  

A2A 258.385

      0.94        AAA/AAA        EDSF        +130        1.760        1.750        99.99668  

A2B 65.000

      0.94        AAA/AAA        1mL        +130                                100.00000  

A3 388.134

      2.24        AAA/AAA        IntS        +130        1.711        1.700        99.98920  

A4 106.731

      3.48        AAA/AAA        IntS        +165        2.059        2.050        99.99929  

B 37.600

      3.88        AA/AA        IntS        +250        2.920        2.900        99.99131  

C 31.820

      3.88        A/A        IntS        +385        4.270        4.230        99.99122  

D 39.330

      3.88        BBB/BBB        IntS        +540        5.820        5.750        99.99799  

Deal Summary:

Expected Settle: 04/29/20    Registration: SEC Registered
First Pay Date: 05/15/20    ERISA: Yes
Expected Ratings: S&P, Fitch    Pxing Speed: 1.3 ABS to 10% Call
Ticker: CARMX 2020-2    Min Denoms: $5k x $1k
Transaction Size: $1.15bln    Bill & Deliver: WFS

Available Information:

* Preliminary Prospectus and FWP (Attached)

* Intex CDI File (Attached)

* Intex Dealname: wscarmax202002 Password: B92X

Deal Roadshow Login Details

* URL www.dealroadshow.com

* Entry Code (Case Sensitive): CARMX2020-2

* Direct Link: www.dealroadshow.com/e/CARMX2020-2

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. If this communication relates to a securities offering exempt from US registration, you should contact your sales representative for the complete disclosure package. For information regarding Wells Fargo, see https://www.wellsfargo.com/com/disclaimer/wfid3. In Japan, see: https://www.wellsfargo.com/com/disclaimer/wfsjb4. This chat will be retained and may be monitored.