0001104659-23-101480.txt : 20230918 0001104659-23-101480.hdr.sgml : 20230918 20230918115329 ACCESSION NUMBER: 0001104659-23-101480 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20230918 DATE AS OF CHANGE: 20230918 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Ford Credit Auto Lease Trust 2023-B CENTRAL INDEX KEY: 0001991085 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: 333-265473-04 FILM NUMBER: 231260516 BUSINESS ADDRESS: STREET 1: C/O FORD MOTOR CO., WHQ STE 801-C1 STREET 2: ONE AMERICAN ROAD CITY: DEARBORN STATE: MI ZIP: 48126 BUSINESS PHONE: 3135943495 MAIL ADDRESS: STREET 1: C/O FORD MOTOR CO., WHQ STE 801-C1 STREET 2: ONE AMERICAN ROAD CITY: DEARBORN STATE: MI ZIP: 48126 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Ford Credit Auto Lease Trust 2023-B CENTRAL INDEX KEY: 0001991085 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: C/O FORD MOTOR CO., WHQ STE 801-C1 STREET 2: ONE AMERICAN ROAD CITY: DEARBORN STATE: MI ZIP: 48126 BUSINESS PHONE: 3135943495 MAIL ADDRESS: STREET 1: C/O FORD MOTOR CO., WHQ STE 801-C1 STREET 2: ONE AMERICAN ROAD CITY: DEARBORN STATE: MI ZIP: 48126 FWP 1 tm2325680d10_fwp.htm FWP

Free Writing Prospectus
Filed Pursuant to Rule 433
Dated September 14, 2023
Registration Statement Nos. 333-265473 and
333-265473-04

 

*FULL PX DETAILS* $1.20+bn Ford Credit (FORDL 2023-B) Prime Auto Lease

 

Active Lead Managers : Barclays (str), BMO, RBC

Passive Lead Managers : Citi, Credit Agricole

Passive Co-Managers : US Bancorp, Truist

Active Co-Managers : CL King, Multi-Bank

 

-ANTICIPATED CAPITAL STRUCTURE-

 

CLS

AMT ($MM)

WAL*

M/S

PWIN

L. FIN

BENCH

SPRD

YLD(%)

CPN(%)

Px(%)

A-1 146.000 0.30 P-1/A-1+ 1-7 10/24 I-CRV + 20 5.688 5.688 100.00000
A-2A 200.000 1.02 Aaa/AAA 7-16 02/26 I-CRV + 57 5.977 5.900   99.99627
A-2B 180.000 1.02 Aaa/AAA 7-16 02/26 SOFR30A + 59 N/A SOFR30A+59 100.00000
A-3 380.000 1.70 Aaa/AAA 16-25 10/26 I-CRV + 87 5.993 5.910   99.98478
A-4   94.000 2.18 Aaa/AAA 25-28 01/27 I-CRV + 100 5.945 5.870   99.99468
B   69.450 2.37 Aa1/AA 28-30 02/27 I-CRV + 140 6.285 6.200   99.99079
C   85.670 2.56 Aa2/A 30-32 04/27 I-CRV + 170 6.526 6.430   99.97899
D   51.930 2.70 A2/BBB 32-33 06/28 I-CRV + 230 7.082 6.970   99.97636

 

 

* Pricing Speed: 100% PPC to Maturity

** Class A-2 Notes sized to demand with Class A-2b not to exceed 50% of the class

 

PRICED - TOE: 4:21PM ET

 

-Transaction Details -

Offered Size : $1.20+bn    
Registration : SEC Registered    
Expected Settle : September 19th, 2023    
First Pay : October 16th, 2023    
ERISA Eligible : Yes    
Risk Retention : US - Yes, EU – No    
BBG Ticker : FORDL 2023-B    
Bill & Deliver : Barclays    

 

 

 

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.