0001193125-23-250880.txt : 20231005 0001193125-23-250880.hdr.sgml : 20231005 20231004202726 ACCESSION NUMBER: 0001193125-23-250880 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20231005 DATE AS OF CHANGE: 20231004 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Capital One Prime Auto Receivables Trust 2023-2 CENTRAL INDEX KEY: 0001992483 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: 333-260710-04 FILM NUMBER: 231309565 BUSINESS ADDRESS: STREET 1: 1600 CAPITAL ONE DRIVE STREET 2: ROOM 27907B CITY: MCLEAN STATE: VA ZIP: 22102 BUSINESS PHONE: 804.290.6736 MAIL ADDRESS: STREET 1: 1600 CAPITAL ONE DRIVE STREET 2: ROOM 27907B CITY: MCLEAN STATE: VA ZIP: 22102 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Capital One Prime Auto Receivables Trust 2023-2 CENTRAL INDEX KEY: 0001992483 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 1600 CAPITAL ONE DRIVE STREET 2: ROOM 27907B CITY: MCLEAN STATE: VA ZIP: 22102 BUSINESS PHONE: 804.290.6736 MAIL ADDRESS: STREET 1: 1600 CAPITAL ONE DRIVE STREET 2: ROOM 27907B CITY: MCLEAN STATE: VA ZIP: 22102 FWP 1 d541398dfwp.htm FWP FWP

Filed Pursuant to Rule 433     

Registration No. 333-260710-04

$850mm Capital One Prime Auto Receivables Trust (COPAR) 2023-2

Jt-Leads:  BofA (struc), RBC and Wells

Co-Mgr:  Capital One   DE&I Co-Mgrs: Academy, Siebert, Seelaus

 

     Total      Offered                                                                      
CLS    SZ($mm)      SZ($mm)      WAL      MDY/FTCH      PWIN      E.MTY      L.MTY    BENCH      SPRD      YLD      CPN      PX  
                                                                                                  

A-1

      199.500        ----        0.22        << RETAINED  >>                       

A-2a

      217.88        206.986        1.05        Aaa/AAA        5-20        6/25      10/15/26      I-CV        +59        5.992        5.91        99.99117   

A-2b

      217.88        206.986        1.05        Aaa/AAA        5-20        6/25      10/15/26      SOFR30A        +59              100.00000  

A-3

      395.760        375.972        2.51        Aaa/AAA        20-41        3/27      6/15/28      I-CV        +95        5.899        5.82        99.98173   

A-4

      63.220        60.056        3.43        Aaa/AAA        41-41        3/27      11/15/28      I-CV        +98        5.810         5.74        99.99704    
                                                                                                  

 

Transaction size based on offered bonds
BILL & DELIVER   :   BofA    OFFERED SIZE:      $850mm
EXPECTED RATINGS   :   Moody’s, Fitch    BBG TICKER   :    COPAR 2023-2 SSAP: PAR23
EXPECTED SETTLE   :   10/11/23    FORMAT   :    SEC Registered
FIRST PAY DATE   :   11/15/23    PXG SPEED   :    1.3% ABS to 10% Call
ERISA ELIGIBLE   :   Yes    MIN DENOMS   :    $1k x $1k
CUSIPS A-2a   14044EAB4    INTEXNET   :    bascopa2302_base U3VU

 A-2b   14044EAC2

    https://dealroadshow.com/e/COPARCABANA

 A-3   14044EAD0

   

 A-4   14044EAE8

   

Maintaining its commitment to diversity, equity and inclusion (DE&I), Capital One has mandated BofA as the transaction’s DE&I coordinator to assist in the placement of securities including, but not limited to, retention bonds allocated to the DE&I co-managers: Academy, Siebert Williams and Seelaus.

 

 

The issuer has filed a registration statement (including a prospectus) with the 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 issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site 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 toll-free 1-800-294-1322 or you may e-mail a request to prospectus_request@bofa.com. The securities may not be suitable for all investors. BofA Securities, Inc. and its affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer.