FWP 1 d875308dfwp.htm FWP FWP

Filed pursuant to Rule 433(d)

Registration Nos. 333-228964 and 333-228964-02

FINAL TERM SHEET, dated March 4, 2020

$1,010,540,000

John Deere Owner Trust 2020

Issuing Entity

 

$299,500,000   

Class A-1

   

1.10000% Asset Backed Notes

$335,000,000   

Class A-2

   

1.01% Asset Backed Notes

$296,850,000   

Class A-3

   

1.10% Asset Backed Notes

$79,190,000   

Class A-4

   

1.21% 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

    $ 299,500,000     $ 335,000,000     $ 296,850,000     $ 79,190,000  

Per Annum Interest Rate

      1.10000 %      1.01 %      1.10 %      1.21 % 

Final Scheduled Payment Date

      March 15, 2021       January 17, 2023       August 15, 2024       November 16, 2026  

Initial Public Offering Price

      100.00000 %      99.99293 %      99.99389 %      99.97968 % 

Ratings (Moody’s/Fitch)

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

Payment Date

     




 Monthly, beginning

April 15, 2020
(subject to the
business day
convention)

 
 
 
 

    




 Monthly, beginning

April 15, 2020
(subject to the
business day
convention)

  

 
 
 
 

    




 Monthly, beginning

April 15, 2020
(subject to the
business day
convention)

 
 
 
 

    




 Monthly, beginning

April 15, 2020
(subject to the
business day
convention)

 
 
 
 

Weighted Average Life(2)

      0.35       1.22       2.51       3.51  

CUSIP

      47789K AA1       47789K AB9       47789K AC7       47789K AD5  

 

(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: March 4, 2020

Expected Settlement Date: March 11, 2020
Initial Note Value: $1,036,458,395.58 (discount rate: 4.75%)
Initial Overcollateralization Amount: $25,918,396
Initial Reserve Account Deposit: $10,364,584
Specified Reserve Account Balance: $10,364,584

 

BofA Securities            Citigroup    Credit Agricole Securities    HSBC
Barclays       RBC Capital Markets

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 1-800-294-1322.

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

 

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