0001104659-18-062722.txt : 20181018 0001104659-18-062722.hdr.sgml : 20181018 20181018145440 ACCESSION NUMBER: 0001104659-18-062722 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20181018 DATE AS OF CHANGE: 20181018 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Ford Credit Auto Owner Trust 2018-B CENTRAL INDEX KEY: 0001754784 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-225949-01 FILM NUMBER: 181128220 BUSINESS ADDRESS: STREET 1: C/O FORD MOTOR CO , WHQ STE 801-C1 STREET 2: ONE AMERICAN ROAD CITY: DEARBORN STATE: MI ZIP: 48126 BUSINESS PHONE: 3135943495 MAIL ADDRESS: STREET 1: C/O FORD MOTOR CO , WHQ STE 801-C1 STREET 2: ONE AMERICAN ROAD CITY: DEARBORN STATE: MI ZIP: 48126 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Ford Credit Auto Owner Trust 2018-B CENTRAL INDEX KEY: 0001754784 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: C/O FORD MOTOR CO , WHQ STE 801-C1 STREET 2: ONE AMERICAN ROAD CITY: DEARBORN STATE: MI ZIP: 48126 BUSINESS PHONE: 3135943495 MAIL ADDRESS: STREET 1: C/O FORD MOTOR CO , WHQ STE 801-C1 STREET 2: ONE AMERICAN ROAD CITY: DEARBORN STATE: MI ZIP: 48126 FWP 1 a18-36499_8fwp.htm FWP

 

Free Writing Prospectus
Filed Pursuant to Rule 433
Dated October 16, 2018
Registration Statement Nos. 333-225949 and
333-225949-01

 

$1+ billion Ford Credit Auto Owner Trust (FORDO) 2018-B  (Prime Auto Loans)

 

Joint-Leads (active):  Barclays (str), Citi, SMBC Nikko

(passive):  Credit Agricole, Wells Fargo

Co-Managers: US Bank, Banco de Brasil

Selling Group: Drexel Hamilton, Loop, Williams

 

CLS

 

$AMT(MM)*

 

WAL

 

M/F

 

BENCH

 

SPREAD

 

YIELD

 

CPN

 

PRICE

 

A-1

 

205.000

 

0.26

 

P-1/F1+

 

iLiB

 

+5

 

2.50308%

 

2.50308%

 

100.00000

 

A-2a

 

275.000

 

1.01

 

Aaa/AAA

 

EDSF

 

+12

 

2.986%

 

2.96%

 

99.99252

 

A-2b

 

100.000

 

1.01

 

Aaa/AAA

 

1mL

 

+12

 

—

 

L+12

 

100.00000

 

A-3

 

317.000

 

2.25

 

Aaa/AAA

 

iSwp

 

+19

 

3.270%

 

3.24%

 

99.98290

 

A-4

 

102.980

 

3.35

 

Aaa/AAA

 

iSwp

 

+27

 

3.406%

 

3.38%

 

99.99349

 

B

 

31.580

 

3.56

 

Aa1/AA+

 

iSwp

 

—

 

 

 

 

 

 

 

C

 

21.050

 

3.56

 

Aa3/A+

 

iSwp

 

—

 

 

 

 

 

 

 

 

Expected Pricing

:

PRICED

 

Registration

:

Public / SEC Registered

Expected Settle

:

10/23/18

 

ERISA Eligible

:

Yes

First Payment

:

11/15/18

 

Pxg Speed

:

1.40% ABS to 10% Cleanup Call

Expected Ratings

:

Moody’s/Fitch

 

Min Denoms

:

$1k x $1k

Bill & Deliver

:

Barclays

 

Ticker

:

FORDO 2018-B

 

Available Information

:

 

 

 

 

 

* Preliminary Prospectus Supplement, FWP and Intex CDI (attached)

 

 

* Intexnet

:

bcgfordo_2018-b_preprice

 

Passcode: 4Y36

 

 

 

THE ISSUER HAS FILED A REGISTRATION STATEMENT (INCLUDING A PROSPECTUS) WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION (the “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, YOU MAY OBTAIN A COPY OF THE PROSPECTUS FROM BARCLAYS CAPITAL INC. BY CALLING 1-888-603-5847.