FWP 1 d392044dfwp.htm FWP FWP

Filed Pursuant to Rule 433  

Registration No. 333-260710-03

Free Writing Prospectus dated February 7, 2023

 

LOGO

Capital One Prime Auto Receivables Trust 2023-1

Issuing Entity

Capital One Auto Receivables, LLC

Depositor

Capital One, National Association

Sponsor and Servicer

 

 

The depositor has prepared a preliminary prospectus dated February 7, 2023 which describes the notes to be issued by the issuing entity. You should review the preliminary prospectus in its entirety before deciding to purchase any of the notes.

 

 

Ratings

The depositor expects that the notes issued by the issuing entity will receive the indicated credit ratings from the nationally recognized statistical rating organizations, or “rating agencies,” listed below.

 

     Fitch Ratings
Inc.
   S&P Global
Ratings

Class A-1 Notes

   F1+sf    A-1+ (sf)

Class A-2 Notes

   AAAsf    AAA (sf)

Class A-3 Notes

   AAAsf    AAA (sf)

Class A-4 Notes

   AAAsf    AAA (sf)

It is a condition to the issuance of the notes that, on the closing date, each class of notes receive the ratings listed above.

 

 

Underwriters

 

J.P. Morgan   BofA Securities   Citigroup
Academy Securities   Capital One Securities   CastleOak Securities, L.P.   Siebert Williams Shank

 

 

The depositor filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“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 filed with or furnished to the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents free of charge by visiting EDGAR on the SEC’s 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 1-800-408-1016.