0001193125-20-192685.txt : 20200714 0001193125-20-192685.hdr.sgml : 20200714 20200714171352 ACCESSION NUMBER: 0001193125-20-192685 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200714 DATE AS OF CHANGE: 20200714 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CarMax Auto Owner Trust 2020-3 CENTRAL INDEX KEY: 0001814294 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-228379-07 FILM NUMBER: 201027698 BUSINESS ADDRESS: STREET 1: 12800 TUCKAHOE CREEK PARKWAY STREET 2: SUITE 400 CITY: RICHMOND STATE: VA ZIP: 23238 BUSINESS PHONE: (804) 935-4512 MAIL ADDRESS: STREET 1: 12800 TUCKAHOE CREEK PARKWAY STREET 2: SUITE 400 CITY: RICHMOND STATE: VA ZIP: 23238 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CARMAX AUTO FUNDING LLC CENTRAL INDEX KEY: 0001259380 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 010794037 STATE OF INCORPORATION: DE FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 12800 TUCKAHOE CREEK PARKWAY STREET 2: SUITE 400 CITY: RICHMOND STATE: VA ZIP: 23238 BUSINESS PHONE: (804) 935-4512 MAIL ADDRESS: STREET 1: 12800 TUCKAHOE CREEK PARKWAY STREET 2: SUITE 400 CITY: RICHMOND STATE: VA ZIP: 23238 FWP 1 d218854dfwp.htm FWP FWP

Free Writing Prospectus

Dated July 14, 2020

Filed Pursuant to Rule 433(d)

Registration No. 333-228379

Registration No. 333-228379-07

**PRICING DETAILS** $1.35BN CarMax Prime Auto Loan (CARMX 2020-3)

Joint Active Bookrunners: Barclays (str), Credit Suisse, MUFG, SMBC

Co-Managers: Mizuho, RBC, Scotia, TD

— Anticipated Capital Structure —

CLS    $AMT(MM)    WAL    S/F    E. Fnl    L.Fnl    LAUNCH    YLD   CPN   PRICE
===============================================================================================
A-1    262.000    0.27    A1+/F1+    02/2021    07/2021    IntL+0    0.27652%   0.27652%   100.00000
A-2A    378.500    1.05    AAA/AAA    03/2022    06/2023    EDSF+25    0.494%   0.49%   99.99635
A-2B    50.000    1.05    AAA/AAA    03/2022    06/2023    1mL+25    1mL+0.25%     100.00000
A-3    428.500    2.41    AAA/AAA    11/2023    03/2025    IntS+41    0.628%   0.62%   99.98286
A-4    116.900    3.61    AAA/AAA    06/2024    03/2026    IntS+54    0.781%   0.77%   99.96536
B    47.500    3.90    AA/AA    06/2024    03/2026    IntS+85    1.101%   1.09%   99.96766
C    40.800    3.90    A/A    06/2024    04/2026    IntS+145    1.701%   1.69%   99.98116
D    25.800    3.90    BBB/BBB    06/2024    01/2027    IntS+230    2.551%   2.53%   99.97206
===============================================================================================

Expected Settle : 7/22/2020 Registration : SEC-REG

First Pay Date : 8/17/2020 ERISA Eligible : Yes

Expected Ratings : S&P, Fitch Min Denoms : $5k / $1k

Ticker : CARMX 2020-3 Bill & Deliver : Barclays

Expected Pricing : PRICED Pricing Speed : 1.3% ABS, 10% call

-Available Materials-

* Prelim Prospectus : Attached

* Ratings FWP : Attached

* Dealroadshow : www.dealroadshow.com | Password: CARMX20203

* Intexnet Name : bcgcarmax_2020-3_prepricebase | Password: 3BY2

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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.