0001144204-15-059128.txt : 20151013 0001144204-15-059128.hdr.sgml : 20151012 20151013121221 ACCESSION NUMBER: 0001144204-15-059128 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 0000890975 FILED AS OF DATE: 20151013 DATE AS OF CHANGE: 20151013 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Honda Auto Receivables 2015-4 Owner Trust CENTRAL INDEX KEY: 0001654280 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-183223-13 FILM NUMBER: 151155383 BUSINESS ADDRESS: STREET 1: 20800 MADRONA AVE STREET 2: C/O AMERICAN HONDA RECEIVABLES LLC CITY: TORRANCE STATE: CA ZIP: 90503 BUSINESS PHONE: 3109722511 MAIL ADDRESS: STREET 1: 20800 MADRONA AVE STREET 2: C/O AMERICAN HONDA RECEIVABLES LLC CITY: TORRANCE STATE: CA ZIP: 90503 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN HONDA RECEIVABLES LLC CENTRAL INDEX KEY: 0000890975 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 800695898 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 20800 MADRONA AVE STREET 2: C/O AMERICAN HONDA RECEIVABLES LLC CITY: TORRANCE STATE: CA ZIP: 90503 BUSINESS PHONE: 3109722511 MAIL ADDRESS: STREET 1: 20800 MADRONA AVE STREET 2: C/O AMERICAN HONDA RECEIVABLES LLC CITY: TORRANCE STATE: CA ZIP: 90503 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN HONDA RECEIVABLES CORP DATE OF NAME CHANGE: 19940324 FWP 1 v421976_fwp.htm FREE WRITING PROSPECTUS

Free Writing Prospectus

Filed Pursuant to Rule 433

Dated October 13, 2015

Registration Statement No. 333-183223

 

Free Writing Prospectus dated October 13, 2015

 

Honda Auto Receivables 2015-4 Owner Trust,

Issuing Entity

American Honda Receivables LLC,

Depositor

American Honda Finance Corporation,

Sponsor, Originator, Servicer and Administrator

$675,000,000 ASSET BACKED NOTES, Series 2015-4

 

The depositor has prepared a preliminary prospectus supplement dated October 13, 2015 and prospectus dated October 13, 2015 which describe the notes issued by the issuing entity. You should review the preliminary prospectus supplement and the prospectus in their entirety before deciding to purchase any of the notes.

 

Ratings

 

The depositor expects that the class A-2 notes, the class A-3 notes and the class A-4 notes (the “underwritten notes”) issued by the issuing entity will receive the indicated ratings from Moody’s Investors Services (“Moody’s”) and Standard & Poor’s Ratings Services, a Standard & Poor’s Financial Services LLC business (“S&P” and together with Moody’s, the “rating agencies”) listed below.

 

 

Moody’s

S&P

Class A-2 Notes Aaa (sf) AAA(sf)
Class A-3 Notes Aaa (sf) AAA(sf)
Class A-4 Notes Aaa (sf) AAA(sf)

It is a condition to the issuance of the notes that each of the underwritten notes receives the ratings listed above.

 

The ratings of the underwritten notes address the likelihood of the payment of principal and interest on the underwritten notes according to their terms.  Each rating agency rating the underwritten notes will monitor the ratings using its normal surveillance procedures.  Any rating agency may change or withdraw an assigned rating at any time.  Any rating action taken by one rating agency may not necessarily be taken by the other rating agency.

 

None of the sponsor, depositor, servicer, administrator, indenture trustee, owner trustee, Delaware trustee or any of their affiliates will be required to monitor any changes to the ratings on these underwritten notes.

 

A security rating is not a recommendation to buy, sell or hold underwritten notes.  The ratings of the underwritten notes address the likelihood of the payment of principal and interest on the underwritten notes in accordance with their terms.  A rating agency may subsequently lower or withdraw its rating of any class of the underwritten notes.  If this happens, no person or entity will be obligated to provide any additional credit enhancement for the underwritten notes.

 

Joint Bookrunners of the Underwritten Notes

 

CITIGROUP DEUTSCHE BANK
SECURITIES		 SMBC NIKKO

Co-Managers of the Underwritten Notes

 

J.P. MORGAN LLOYDS SECURITIES RBC CAPITAL MARKETS TD SECURITIES

The depositor has filed a registration statement (including a prospectus supplement and prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus supplement and prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free at 1-800-831-9146.