0001104659-23-100171.txt : 20230913 0001104659-23-100171.hdr.sgml : 20230913 20230912214628 ACCESSION NUMBER: 0001104659-23-100171 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20230913 DATE AS OF CHANGE: 20230912 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Volkswagen Auto Lease Trust 2023-A CENTRAL INDEX KEY: 0001990353 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-249906-03 FILM NUMBER: 231251493 BUSINESS ADDRESS: STREET 1: 2200 WOODLAND POINTE AVENUE CITY: HERNDON STATE: VA ZIP: 20171 BUSINESS PHONE: (703) 364-7325 MAIL ADDRESS: STREET 1: 2200 WOODLAND POINTE AVENUE CITY: HERNDON STATE: VA ZIP: 20171 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Volkswagen Auto Lease Trust 2023-A CENTRAL INDEX KEY: 0001990353 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 2200 WOODLAND POINTE AVENUE CITY: HERNDON STATE: VA ZIP: 20171 BUSINESS PHONE: (703) 364-7325 MAIL ADDRESS: STREET 1: 2200 WOODLAND POINTE AVENUE CITY: HERNDON STATE: VA ZIP: 20171 FWP 1 tm2325432d9_fwp.htm FWP

Filed Pursuant to Rule 433
Registration Nos. 333-249906
and 333-249906-03

*FULL PRICING DETAILS* $1.5B VW CREDIT, INC. (VWALT 2023-A) Prime Auto Lease ABS

Joint Bookrunners: Barclays(str), Scotiabank, US Bancorp, and Wells Fargo Securities

Co-Managers: RBC and TD Securities

-ANTICIPATED CAPITAL STRUCTURE-

CLS	AMT($MM)	WAL*	M/S	PWIN	L.FIN	BENCH	SPREAD	YIELD(%)	CPN(%)	PRICE(%)
A-1	220.000	0.22	P-1/A-1+	1-6	09/24	I-CRV	+20	5.633%	5.633%	100.0000%
A-2-A	470.000	1.08	Aaa/AAA	6-18	01/26	I-CRV	+57	5.951%	5.87%	99.99106%
A-2-B	162.000	1.08	Aaa/AAA	6-18	01/26	SOFR30A	+57	N/A	SOFR30A+0.57%	100.0000%
A-3	559.000	1.97	Aaa/AAA	18-29	10/26	I-CRV	+87	5.889%	5.81%	99.98511%
A-4	89.000	2.52	Aaa/AAA	29-31	04/28	I-CRV	+103	5.876%	5.80%	99.98748%

* Assumes 100% PPC and WAL to maturity

** Maximum size of A-2B is 50% of total A-2 size

PRICED - TOE: 5:08 PM EST

- Transaction Details -

Upsize Size :		$1.5B
Registration :		SEC Registered
Expected Settle :		September 19th, 2023
First Pay :		October 20th, 2023
ERISA Eligible :		Yes
PXG Speed :		100% PPC to Maturity
Risk Retention :		US - Yes, EU – No
BBG Ticker :		VWALT 2023-A
Bill & Deliver :		Barclays

- Marketing Materials –

Preliminary Prospectus, Ratings FWP

Investor Presentation: www.dealroadshow.com Password: VWALT23A

CDI Deal Name: bcgvwalt23a_px Password: 344Y

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 that 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, you may obtain a copy of the prospectus from Barclays capital inc. By calling 1-888-603-5847.