0001193125-19-196317.txt : 20190718 0001193125-19-196317.hdr.sgml : 20190718 20190718114803 ACCESSION NUMBER: 0001193125-19-196317 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20190718 DATE AS OF CHANGE: 20190718 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: John Deere Owner Trust 2019-B CENTRAL INDEX KEY: 0001781565 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: NV FISCAL YEAR END: 1103 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-228964-01 FILM NUMBER: 19960835 BUSINESS ADDRESS: STREET 1: 10587 DOUBLE R BOULEVARD STREET 2: SUITE 100 CITY: RENO STATE: NV ZIP: 89521 BUSINESS PHONE: 775-786-5527 MAIL ADDRESS: STREET 1: 10587 DOUBLE R BOULEVARD STREET 2: SUITE 100 CITY: RENO STATE: NV ZIP: 89521 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: John Deere Receivables LLC CENTRAL INDEX KEY: 0001762590 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 384090077 STATE OF INCORPORATION: NV FISCAL YEAR END: 1103 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 10587 DOUBLE R BOULEVARD STREET 2: SUITE 100 CITY: RENO STATE: NV ZIP: 89521 BUSINESS PHONE: 775-786-5527 MAIL ADDRESS: STREET 1: 10587 DOUBLE R BOULEVARD STREET 2: SUITE 100 CITY: RENO STATE: NV ZIP: 89521 FWP 1 d770392dfwp.htm FWP FWP

Filed pursuant to Rule 433(d)

Registration Nos. 333-228964 and 333-228964-01

FINAL TERM SHEET, dated July 16, 2019

$1,051,050,000

John Deere Owner Trust 2019-B

Issuing Entity

 

$ 287,000,000      Class A-1    2.19517% Asset Backed Notes
$ 340,000,000      Class A-2    2.28% Asset Backed Notes
$ 340,000,000      Class A-3    2.21% Asset Backed Notes
$ 84,050,000      Class A-4    2.32% Asset Backed Notes

John Deere Receivables LLC, Seller and Depositor

John Deere Capital Corporation, Sponsor and Servicer

 

    

Class A-1

Notes(1)

   

Class A-2

Notes(1)

   

Class A-3

Notes(1)

   

Class A-4

Notes(1)

Principal Amount

    $287,000,000    $340,000,000    $340,000,000    $84,050,000

Per Annum Interest Rate

    2.19517%    2.28%    2.21%    2.32%

Final Scheduled Payment Date

    July 15, 2020    May 16, 2022    December 15, 2023    May 15, 2026

Initial Public Offering Price

    100.00000%    99.99962%    99.97877%    99.98032%

Ratings (Moody’s/Fitch)

    P-1/F1+    Aaa/AAA    Aaa/AAA    Aaa/AAA

Payment Date

    Monthly, beginning September 15, 2019 (subject to the business day convention)    Monthly, beginning September 15, 2019 (subject to the business day convention)   

Monthly, beginning

September 15, 2019

(subject to the

business day convention)

    Monthly, beginning September 15, 2019 (subject to the business day convention)

Weighted Average Life(2)

    0.37    1.18    2.48    3.56

CUSIP

    477870 AA7    477870 AB5    477870 AC3    477870 AD1

 

(1)

Subject to the considerations set forth in the preliminary prospectus, the Notes are generally eligible for purchase by or on behalf of employee benefit plans subject to the Employee Retirement Income Security Act of 1974, as amended, and other similar retirement plans and arrangements that are subject to Section 4975 of the Internal Revenue Code of 1986, as amended.

(2)

Pricing speed: 14% CPR (with a 10% clean-up call).

Trade Date: July 16, 2019

Expected Settlement Date: July 24, 2019

Initial Note Value: $1,078,002,547.62 (discount rate: 5.35%)

Initial Overcollateralization Amount: $26,952,548

Initial Reserve Account Deposit: $10,780,025

Specified Reserve Account Balance: $10,780,025

 

RBC   Barclays   MUFG

 

Credit Agricole Securities   TD Securities

The Depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the Depositor has filed with the SEC for more complete information about the Depositor, the issuing entity, and this offering. You may get these documents for free by visiting EDGAR on the SEC Website at www.sec.gov. Alternatively, the Depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling 1-866-375-6829.

This free writing prospectus does not contain all information that is required to be included in the prospectus.