Free Writing Prospectus | Filed pursuant to Rule 433 |
Dated March 9, 2021 | Registration Nos. 333-228954 and 333-228954-04 |
*Full Pxing* $961mm+ CNH Equipment Trust 2021-A (CNH 2021-A)
Lead Managers: Citi (Str.), JP Morgan, Rabo Securities, Societe Generale
Comanagers: DBS, MUFG
Anticipated Capital Structure:
CL | | AMT(MM) | | WAL* | | S&P/F** | | L. Fin | | BENCH | | Sprd | | Yld | | Cpn | | $Px |
A-1 | | $193.700 | | 0.22 | | A-1+/F1+ | | 03/15/2022 | | IntL | | (3) | | 0.13447 | | 0.13447 | | 100.00000 |
A-2 | | $335.000 | | 0.99 | | AAA/AAA | | 03/15/2024 | | EDSF | | +4 | | 0.234 | | 0.23 | | 99.99616 |
A-3 | | $324.000 | | 2.44 | | AAA/AAA | | 12/15/2025 | | IntS | | +8 | | 0.410 | | 0.40 | | 99.97662 |
A-4 | | $87.360 | | 3.65 | | AAA/AAA | | 12/15/2027 | | IntS | | +12 | | 0.709 | | 0.70 | | 99.97138 |
B | | $21.630 | | 3.67 | | AA-/A+ | | 06/15/2028 | | IntS | | +38 | | 0.973 | | 0.97 | | 99.99628 |
*WAL at 20% CPR to a 10% Clean-Up Call
**Expected Rating
-Deal Summary-
Offered Size: $961.690mm *No Grow*
Exp. Settle: 03/15/2021
Offering Format: Public
First Pay Date: 04/15/2021
ERISA: Yes
Exp. Ratings: S&P/F
Min Denoms: $1,000 x $1
BBG Ticker: CNH 2021-A
B&D: Citi
-Available Information-
* Preliminary Prospectus, FWP and CDI File (attached)
* Intex Deal Name: xcnheq21a Password: 3J43
* Link: https://dealroadshow.finsight.com/ Passcode: CNH2021A
CUSIPS:
A1: 12598AAA8
A2: 12598AAB6
A3: 12598AAC4
A4: 12598AAD2
B : 12598AAE0
Note: This transaction highlights Environmental, Social, and Governance (ESG) initiatives as referenced in CNH Industrial N.V.’s Annual sustainability report. In 2020, for the 10th consecutive year, CNH Industrial N.V. was named an industry leader in Dow Jones Sustainability World and Europe Indexes. Please see the investor presentation for more information
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.
