0001193125-21-012569.txt : 20210121 0001193125-21-012569.hdr.sgml : 20210121 20210120174628 ACCESSION NUMBER: 0001193125-21-012569 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20210121 DATE AS OF CHANGE: 20210120 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CarMax Auto Owner Trust 2021-1 CENTRAL INDEX KEY: 0001836214 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: 333-228379-09 FILM NUMBER: 21539709 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 d96244dfwp.htm FWP FWP

Free Writing Prospectus

Dated January 20, 2021

Filed Pursuant to Rule 433(d)

Registration No. 333-228379

Registration No. 333-228379-09

*PRICING DETAILS* $1.5Bn CarMax (CARMX 2021-1) Prime Auto ABS

Joint Bookrunners: MUFG (str), Barclays, Credit Suisse, J.P. Morgan

Co-Managers: Mizuho, Scotia, SMBC, TD

-ANTICIPATED CAPITAL STRUCTURE-

 

  CLS SIZE(mm)

    

WAL*

  

S/F**

  

BENCH

  

Sprd

  

Yld(%)

  

Cpn(%)

  

Price

 

 

A-1

   255.000   0.25   A-1+/F1+   iLib   -5   0.17238   0.17238   100.00000

A-2a

   441.500   1.07   AAA/AAA   EDSF   +3   0.221   0.22   99.99904

A-2b

   50.000   1.07   AAA/AAA   1mL   +3   1mL+0.3%       100.00000

A-3

   522.500   2.56   AAA/AAA   iSwp   +11   0.348   0.34   99.98024

A-4

   136.950   3.88   AAA/AAA   iSwp   +16   0.532   0.53   99.99458

B

   45.100   4.05   AA+/AA   iSwp   +35   0.743   0.74   99.99262

C

   28.600   4.05   A+/A   iSwp   +55   0.943   0.94   99.99543

D

   20.350   4.05   BBB+/BBB   iSwp   +90   1.293   1.28   99.96242

 

 

* Pricing Speed: 1.30% ABS to 10% clean-up call

** Anticipated Ratings

-TRANSACTION DETAILS-

Expected Timing : PRICED

Offered Size : Upsized to $1.5Bn

Registration : SEC Registered

ERISA Eligible : Yes

Min Denoms : $5k x $1k

RR Compliance : US – Yes, EU – No

Expected Ratings : S&P/Fitch

Bloomberg Ticker : CARMX 2021-1

Exp Settlement : 1/27/2021

First Pay : 2/16/2021

B&D : MUFG

-MARKETING MATERIALS-

Preliminary Prospectus, Ratings FWP and CDI File (attached)

IntexNet Dealname mitcaot_2021-1 Password U94U

DealRoadshow: www.dealroadshow.com Password CARMX211

-IDENTIFIERS-

A1 CUSIP: 14316NAA7 | ISIN: US14316NAA72

A2A CUSIP: 14316NAB5 | ISIN: US14316NAB55

A2B CUSIP: 14316NAH2 | ISIN: US14316NAH26

A3 CUSIP: 14316NAC3 | ISIN: US14316NAC39

A4 CUSIP: 14316NAD1 | ISIN: US14316NAD12

B CUSIP: 14316NAE9 | ISIN: US14316NAE94

C CUSIP: 14316NAF6 | ISIN: US14316NAF69

D CUSIP: 14316NAG4 | ISIN: US14316NAG43

 

 

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 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, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-877-649-6848.