Free Writing Prospectus | Filed pursuant to Rule 433 |
Dated May 14, 2019 | Registration Nos. 333-228954 |
| and 333-228954-01 |
*Full Pricing* $751.14mm CNH 2019-B Equipment ABS *No Grow*
Joint-Bookrunners: Citi (str), Credit Agricole Securities, Mizuho Securities, and Santander
Co-Managers: Academy Securities, Lloyds, and Morgan Stanley
~ Anticipated Capital Structure ~
CL |
| AMT($MM) |
| WAL |
| S&P/F |
| E.Fin |
| L.Fin |
| BENCH |
| SPRD |
| YIELD% |
| CPN |
| $PRICE |
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A1 |
| 229.00 |
| 0.45 |
| A-1+/F1+ |
| 2/20 |
| 6/12/20 |
| IntL |
| +2 |
| 2.56560% |
| 2.56560 |
| $100.00000 |
|
A2 |
| 230.00 |
| 1.17 |
| AAA/AAA |
| 2/21 |
| 9/15/22 |
| EDSF |
| +17 |
| 2.567% |
| 2.55 |
| $99.99615 |
|
A3 |
| 225.00 |
| 2.65 |
| AAA/AAA |
| 3/23 |
| 8/15/24 |
| IntS |
| +30 |
| 2.542% |
| 2.52 |
| $99.97794 |
|
A4 |
| 50.24 |
| 3.88 |
| AAA/AAA |
| 4/23 |
| 5/15/26 |
| IntS |
| +45 |
| 2.661% |
| 2.64 |
| $99.97656 |
|
B |
| 16.90 |
| 3.90 |
| AA-/A+ |
| 4/23 |
| 11/16/26 |
| IntS |
| +68 |
| 2.891% |
| 2.87 |
| $99.98628 |
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Transaction Details:
* BBG Ticker: CNH 2019-B
* Registration: SEC-Registered
* Exp Ratings: S&P and Fitch
* Min Denoms: $1,000 x $1
* Settle: 5/22/19
* First Pay: 6/17/19
* ERISA Eligible: Yes
* Exp Pricing: Priced
* B&D: Citi
Available Information:
* Preliminary Prospectus, FWP, CDI file (all attached)
* Deal Roadshow:
https://dealroadshow.finsight.com/ Password: CNH19B
* Intex: XCNHEQ19B Password: YA7A
CUSIPS:
Class A-1: 12596TAA9
Class A-2: 12596TAB7
Class A-3: 12596TAC5
Class A-4: 12596TAD3
Class B : 12596TAE1
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. Any legends, disclaimers or notices that appear below are not applicable to this message and should be disregarded. Such text has been automatically generated via bloomberg or another system.
