0001140361-23-002007.txt : 20230118 0001140361-23-002007.hdr.sgml : 20230118 20230118171425 ACCESSION NUMBER: 0001140361-23-002007 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20230118 DATE AS OF CHANGE: 20230118 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Mercedes-Benz Auto Receivables Trust 2023-1 CENTRAL INDEX KEY: 0001957424 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-266303-02 FILM NUMBER: 23535129 BUSINESS ADDRESS: STREET 1: 35555 W. TWELVE MILE RD. STREET 2: SUITE 100 CITY: FARMINGTON HILLS STATE: MI ZIP: 48331 BUSINESS PHONE: (248) 991-6700 MAIL ADDRESS: STREET 1: 35555 W. TWELVE MILE RD. STREET 2: SUITE 100 CITY: FARMINGTON HILLS STATE: MI ZIP: 48331 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Mercedes-Benz Auto Receivables Trust 2023-1 CENTRAL INDEX KEY: 0001957424 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 35555 W. TWELVE MILE RD. STREET 2: SUITE 100 CITY: FARMINGTON HILLS STATE: MI ZIP: 48331 BUSINESS PHONE: (248) 991-6700 MAIL ADDRESS: STREET 1: 35555 W. TWELVE MILE RD. STREET 2: SUITE 100 CITY: FARMINGTON HILLS STATE: MI ZIP: 48331 FWP 1 brhc10046779_fwp.htm FWP
Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-266303-02

**PRICING DETAILS** $1.43bn+ Mercedes-Benz Auto Receivables Trust 2023-1 (MBART 2023-1)

Joint Leads: MUFG (struc), BofA, SocGen
Co-Managers: Citi, Santander

Cls
  
Amt($mm)
  
WAL
  
S/F**

P.WIN
  
E.FIN
  
L.FIN
  
Bench
  
Sprd
  
Yld%
  
Cpn%
  
$Px
  
A-1*
435.500
  
0.23
  
--/--
  
--
  
--
  
--
  
Retained
                  
A-2
  
657.500
  
1.03
  
AAA/AAA
  
6-20
  
09/24
  
01/26
  
I-CRV
  
+54
  
5.148
  
5.09
  
99.99655
  
A-3
  
657.500
  
2.43
  
AAA/AAA
  
20-43
  
08/26
  
11/27
  
I-CRV
  
+61
  
4.558
  
4.51
  
99.98800
  
A-4
  
118.600
  
3.82
  
AAA/AAA
  
43-48
  
01/27
  
04/29
  
I-CRV
  
+72
  
4.355
  
4.31
  
99.97903
  

* Class A-1 will be retained
** Expected ratings

- Transaction Details -
 
Ticker : MBART 2023-1
Expected Settle : 01/25/23
First Pay Date : 02/15/23
Expected Ratings : S&P, Fitch
Registration : SEC Registered
ERISA : Yes
Risk Retention : US RR–Yes, EU RR-No
Pxing Speed : 1.30% ABS to 5% Call
Min Denoms : $1k x $1k
Bill & Deliver : MUFG

-Available Information-
Preliminary Prospectus and FWP (attached)
NetRoadshow.com : MBART20231
Intex CDI File (attached)
mitmbart_2023-1 Passcode: X3KX

-CUSIPs-
A-2 58770AAB9
A-3 58770AAC7
A-4 58770AAD5

THE ISSUER HAS FILED A REGISTRATION STATEMENT (INCLUDING A PROSPECTUS) WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION (SEC) FOR THIS OFFERING. BEFORE YOU INVEST, YOU SHOULD READ THE PROSPECTUS FOR THIS OFFERING 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 SEARCHING THE SEC ONLINE DATABASE (EDGAR®) 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 1-877-649-6848.