0001104659-24-035481.txt : 20240318 0001104659-24-035481.hdr.sgml : 20240318 20240318153747 ACCESSION NUMBER: 0001104659-24-035481 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240318 DATE AS OF CHANGE: 20240318 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Ford Credit Auto Owner Trust 2024-A CENTRAL INDEX KEY: 0002014176 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] ORGANIZATION NAME: Office of Structured Finance FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-258040-08 FILM NUMBER: 24758770 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 Owner Trust 2024-A CENTRAL INDEX KEY: 0002014176 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] ORGANIZATION NAME: Office of Structured Finance 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 tm248203d8_fwp.htm FWP

 

Free Writing Prospectus
Filed Pursuant to Rule 433
Dated March 14, 2024
Registration Statement Nos. 333-258040 and
333-258040-08

 

 

***PRICING DETAILS*** $1.547+bln FORDO (Ford) 2024-A (Prime Auto Loan)

 

Active Joint Bookrunners : J.P. Morgan (struc), MUFG, Societe Generale
Passive Joint Bookrunners: Barclays and Goldman Sachs
Passive Co-Managers : BBVA and ING
Active Co-Managers : CL King and Siebert Williams

 

CL

 

AMT ($MM)

 

WAL

 

MDY/FITCH

 

P.WIN

 

E. FNL

 

L. FNL

 

BENCH

 

SPREAD

 

YLD%

 

CPN%

 

$PX

A-1  305.000  0.28  P-1/F1+  1-6  09/24  04/25  I-Curve  +13  5.524%  5.524%  100.00000%
A-2a  150.000  1.04  Aaa/AAA  6-19  10/25  01/27  I-Curve  +36  5.383%  5.32%    99.99649%
A-2b*  410.000  1.04  Aaa/AAA  6-19  10/25  01/27  SOFR30A  +36        100.00000%
A-3  560.000  2.39  Aaa/AAA  19-41  08/27  12/28  I-Curve  +57  5.152%  5.09%    99.98319%
A-4    75.000  3.54  Aaa/AAA  41-43  10/27  09/29  I-Curve  +67  5.070%  5.01%    99.97656%
B    47.350  3.57  Aa2/AA  43-43  10/27  11/29  I-Curve  +93  5.328%  5.26%    99.96825%
C  31.560  <<RETAINED>>

 

 

* Class A-2b benchmark is SOFR 30A

 

Expected Settle : 03/19/24 Registration : SEC Registered
First Pay Date : 04/15/24 ERISA Eligible : Yes
Expected Ratings : Moody's, Fitch Px Speed : 1.30% ABS to 10.00% Clean-Up Call
Ticker : FORDO 2024-A Min Denoms : $1k x $1k
Bill & Deliver : J.P. Morgan    
Expected Pricing : PRICED Available Information:  
CUSIPs : A-1 34535EAA0 * Prelim Prospectus : Attached
A-2a 34535EAB8   * Ratings FWP : Attached
A-2b 34535EAC6   * IntexNet/CDI : Separate Message
A-3 34535EAD4      
A-4 34535EAE2      
B 34535EAF9      

 

 

 

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 800-408-1016 or by emailing the ABS Syndicate Desk at abs_synd@jpmorgan.com.