FWP

Capital One Securities

0001193125-16-682006.txt : 20160815 0001193125-16-682006.hdr.sgml : 20160815 20160815165904 ACCESSION NUMBER: 0001193125-16-682006 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20160815 DATE AS OF CHANGE: 20160815 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CAPITAL ONE MASTER TRUST CENTRAL INDEX KEY: 0000922869 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 541719855 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-206860-01 FILM NUMBER: 161833628 BUSINESS ADDRESS: STREET 1: 11013 W BROAD ST RD CITY: GLEN ALLEN STATE: VA ZIP: 23060 BUSINESS PHONE: 8049671000 MAIL ADDRESS: STREET 1: 11013 WEST BROAD ST RD CITY: GLEN ALLEN STATE: VA ZIP: 23060 FORMER COMPANY: FORMER CONFORMED NAME: SIGNET MASTER TRUST DATE OF NAME CHANGE: 19940509 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CAPITAL ONE MASTER TRUST CENTRAL INDEX KEY: 0000922869 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 541719855 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 11013 W BROAD ST RD CITY: GLEN ALLEN STATE: VA ZIP: 23060 BUSINESS PHONE: 8049671000 MAIL ADDRESS: STREET 1: 11013 WEST BROAD ST RD CITY: GLEN ALLEN STATE: VA ZIP: 23060 FORMER COMPANY: FORMER CONFORMED NAME: SIGNET MASTER TRUST DATE OF NAME CHANGE: 19940509 FWP 1 d229738dfwp.htm FWP FWP

Filed Pursuant to Rule 433

Registration Nos. 333-206860,

333-206860-01 and 333-206860-02

Free Writing Prospectus dated August 15, 2016

LOGO

Class A(2016-4) Card series Notes

Capital One Bank (USA), National Association

Sponsor, Servicer and Originator of Assets

Capital One Funding, LLC

Depositor and Transferor

Capital One Multi-asset Execution Trust

Issuing Entity

The transferor has prepared a preliminary prospectus dated August 15, 2016 that describes the Class A(2016-4) notes to be issued by the issuing entity. You should review the preliminary prospectus in its entirety before deciding to purchase any of the Class A(2016-4) notes.

Ratings

The issuing entity will issue the Class A(2016-4) notes only if they are rated by the following nationally recognized statistical rating organizations as follows:


		S&P Global Ratings		AAA(SF)*
		Fitch Ratings, Inc.		AAAsf*

A rating addresses the likelihood of the payment of interest on a note when due and the ultimate payment of principal of that note by its legal maturity date. A rating does not address the likelihood of payment of principal of a note on its expected principal payment date. In addition, a rating does not address the possibility of an early payment or acceleration of a note, which could be caused by an early redemption event or an event of default. A rating is not a recommendation to buy, sell or hold notes and may be subject to revision or withdrawal at any time by the assigning rating agency. A rating is based on each rating agency’s independent evaluation of the receivables and the availability of any credit enhancement for the notes. A rating, or a change or withdrawal of a rating, by one rating agency will not necessarily correspond to a rating, or a change or a withdrawal of a rating, from any other rating agency. If any of the ratings of these Class A(2016-4) notes changes, Class A(2016-4) noteholders will not be so notified by Capital One Bank (USA), National Association, Capital One Funding, LLC or Capital One Multi-asset Execution Trust.


	Underwriters
J.P. Morgan	RBC Capital Markets	Wells Fargo Securities

The transferor 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 transferor has filed with the SEC for more complete information about the transferor, 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 transferor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling 1-866-375-6829.

*An “(SF)” or “sf” in the credit rating denotes an identification for structured finance product ratings.

GRAPHIC 2 g229738g0615074903061.jpg GRAPHIC begin 644 g229738g0615074903061.jpg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