0001140361-24-002624.txt : 20240118 0001140361-24-002624.hdr.sgml : 20240118 20240117215151 ACCESSION NUMBER: 0001140361-24-002624 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240118 DATE AS OF CHANGE: 20240117 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Mercedes-Benz Auto Receivables Trust 2024-1 CENTRAL INDEX KEY: 0001998822 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] ORGANIZATION NAME: Office of Structured Finance STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-266303-04 FILM NUMBER: 24540022 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 2024-1 CENTRAL INDEX KEY: 0001998822 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] ORGANIZATION NAME: Office of Structured Finance 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 ef20019083_fwp.htm FWP
Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-266303-04

*Full Pxing $1,359.31mm  Mercedes-Benz Auto Receivable  (MBART 2024-1)
Mercedes-Benz Auto Receivables Trust (MBART 2024-1)

Lead Managers: Citi (str.), MUFG Securities and Societe Generale
Co Managers: Credit Ag, SMBC

Anticipated Capital Structure:

CL SIZE(MM) WAL* S/M
 P. WIN E. MTY L. MTY BENCH SPREAD YLD% CPN% PX
A-1
 $295.700 0.25 NR/NR 1-7 08/15/2024 02/18/2025 I-Curve  *NOT OFFERED*
A2-A $244.500 1.15 AAA/Aaa 7-22 11/15/2025 05/17/2027 I-Curve +40  5.124 5.06
99.98890
A2-B $244.500 1.15 AAA/Aaa 7-22 11/15/2025 05/17/2027 SOFR30A +37

100.00000
A-3 $476.600 2.71 AAA/Aaa 22-47 12/15/2027 04/16/2029 I-Curve +66 4.851 4.80 99.99336
A-4 $98.010 4.17 AAA/Aaa 47-52 05/15/2028 07/15/2031 I-Curve +78 4.847 4.79 99.96710

*Assumes a 1.30% ABS prepayment assumption

-Deal Summary-
Settle : January 24th, 2024
Offering Format : SEC-REG
First Pay Date : February 15th, 2024
ERISA : Yes
Exp. Ratings : S&P/Moody's
Min Denoms : $1K x $1K
BBG Ticker : MBART 2024-1
B&D : Citi
Delivery : DTC, Euroclear, Clearstream
CUSIPs : A-1(587918 AA1), A2-A (587918 AB9), A2-B (587918 AC7), A-3 (587918 AD5), A4 (587918 AE3)

-Available Information-
* Preliminary Prospectus, FWP and CDI File (attached)
* Intex Deal Name: xmbar2401 Password: UX4B
* Deal Roadshow Link: www.netroadshow.com Passcode: MBART20241 (not case-sensitive)
 
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 Website 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 1-800-831-9146