FWP 1 a21-27593_10fwp.htm FWP

 

Free Writing Prospectus

Filed Pursuant to Rule 433

Dated September 21, 2021

Registration Statement Nos. 333-231819 and 333-231819-07

 

 

*Full Px Details* $1.4+ billion Ford (FORDL) 2021-B (Prime Auto Lease)

 

Active Joint-Leads : RBC (str), Citigroup, TD

Joint-Leads : BofA, Credit Agricole

Co-Managers : Santander, US Bank, CastleOak, Drexel Hamilton

 

CLS

 

AMT($MM)

 

WAL**

 

S/F

 

P-WIN

 

E-FIN

 

L-FIN

 

BENCH

 

SPRD

 

YLD%

 

CPN

 

$Px

A-1

 

182.00

 

0.25

 

A-1+/F1+

 

1-6

 

03/22

 

10/22

 

iLIB

 

-1

 

0.11838

 

100.00000

A-2

 

514.98

 

1.06

 

AAA/AAA

 

6-18

 

03/23

 

04/24

 

EDSF

 

+7

 

0.241

 

0.24

 

99.99907

A-3

 

456.23

 

1.82

 

AAA/AAA

 

18-25

 

10/23

 

10/24

 

EDSF

 

+9

 

0.380

 

0.37

 

99.98244

A-4

 

96.79

 

2.14

 

AAA/AAA

 

25-27

 

12/23

 

12/24

 

iSwp

 

+5

 

0.408

 

0.40

 

99.98372

B

 

86.79

 

2.27

 

AA/AA+

 

27-28

 

01/24

 

01/25

 

iSwp

 

+28

 

0.670

 

0.66

 

99.97956

C

 

66.52

 

2.42

 

A+/A+

 

28-30

 

03/24

 

05/26

 

iSwp

 

+48

 

0.906

 

0.90

 

99.98975

 

 

**WAL to Maturity

 

Expected Pricing

: *Priced*

Offered Amount

: $1,403,310,000

Expected Settle

: 09/24/21

Registration

: Public/SEC-registered

First Pmt Date

: 10/15/21

ERISA Eligible

: Yes

Expected Ratings

: S&P and Fitch

RR Compliance

: US-Yes, EU-No

Bloomberg Ticker

: FORDL 2021-B

Pricing Speed

: 100% PPC to Maturity

Bill & Deliver

: RBC

Min Denoms

: $1k x $1k

 

 

 

 

---CUSIPS---

 

 

A-1   345329 AA4

 

 

A-2   345329 AB2

 

 

A-3   345329 AC0

 

 

A-4   345329 AD8

 

 

B      345329 AE6

 

 

C      345329 AF3

 

 

 

 

 

- Available Materials -

 

 

 

 

 

Preliminary Prospectus and FWP (attached)

Deal Roadshow: https://dealroadshow.com; password “FORDL21B”

Intex CDI file (attached)

Intexnet dealname: “RBCFCAT21B_large”; password “9Y49”

 

 

The issuer 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 issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site 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 1 866 375-6829.