Filed Pursuant to Rule 433
Registration No. 333-255899 and 333-255899-03
ABS: $1.25BN NAROT 2022-B (Prime Auto) - PRICING DETAILS
Joint Bookrunners: Wells Fargo (struc), BofA, HSBC, and Mizuho
Co-Managers: BNP, MUFG, SG, USB
-ANTICIPATED CAPITAL STRUCTURE-
CLS | TOTAL(MM) | WAL* | S&P/Moodys** | P. WIN | E. FIN | L. FIN | BENCH | SPD | YLD% | CPN% | $PRICE | |||||||||||||||||||||
| ||||||||||||||||||||||||||||||||
A-1 |
270.00 | 0.27 | A-1+/P-1 | 1-7 | 04/23 | 10/23 | I-Cur | + 37 | 3.688 | 3.688 | 100.00000 | |||||||||||||||||||||
A-2 |
443.30 | 1.06 | AAA/Aaa | 7-20 | 05/24 | 08/25 | I-Cur | + 53 | 4.546 | 4.500 | 99.99653 | |||||||||||||||||||||
A-3 |
443.30 | 2.41 | AAA/Aaa | 20-42 | 03/26 | 05/27 | I-Cur | + 57 | 4.511 | 4.460 | 99.97931 | |||||||||||||||||||||
A-4 |
93.40 | 3.76 | AAA/Aaa | 42-49 | 10/26 | 11/29 | I-Cur | + 64 | 4.492 | 4.450 | 99.99834 | |||||||||||||||||||||
|
* | Pricing Speed: 1.30% ABS, 5% clean-up call |
** | Expected ratings |
-TRANSACTION DETAILS-
Offered Size : $1.25BN
Registration : SEC Registered
ERISA Eligible : Yes
Expected Settlement : 9/28/2022
First Payment : 10/17/2022
Expected Ratings : S&P/Moodys
Bloomberg Ticker : NAROT 2022-B
Risk Retention : US
Minimum Denoms: $1K x $1K
Bill and Deliver: Wells Fargo
-MARKETING MATERIALS-
Preliminary Prospectus: Attached
Intex: Dealname: wsnarot2022b | Password: 937X
DealRoadshow: https://dealroadshow.com
Password (Case Sensitive): NAROT22B
-
If this communication relates to an offering of US registered securities (i) a registration statement has been filed with the SEC, (ii) before investing you should read the filed documents, and (iii) you may obtain these documents from your sales representative, by calling 1-800-326-5897 or visiting www.sec.gov. If this communication relates to a securities offering exempt from US registration, you should contact your sales representative for the complete disclosure package. For information regarding Wells Fargo, see https://www.wellsfargo.com/com/disclaimer/wfid3. In Japan, see: https://www.wellsfargo.com/com/disclaimer/wfsjb4.