Free Writing Prospectus
Filed Pursuant to Rule 433
Dated September 8, 2021
Registration Statement Nos. 333-227645 and 333-227645-04
*PRICING DETAILS* $1.25BN BMW Vehicle Lease Trust (BMWLT 2021-2)
Lead Managers: Wells Fargo (str), Barclays and SMBC
Co-Managers: Citibank and MUFG
Anticipated Capital Structure:
| CLS | $AMT(MM) | WAL | FITCH/MDY* | BENCH | SPD | YLD% | CPN% | $PRICE |
| A-1 | 200.000 | 0.27 | F1+/P-1 | IntL | - 2 | 0.09847 | 0.09847 | 100.00000 |
| A-2 | 462.500 | 0.92 | AAA/Aaa | EDSF | + 4 | 0.19700 | 0.19000 | 99.99364 |
| A-3 | 462.500 | 1.80 | AAA/Aaa | EDSF | + 6 | 0.33600 | 0.33000 | 99.98968 |
| A-4 | 125.000 | 2.36 | AAA/Aaa | IntS | + 4 | 0.43200 | 0.43000 | 99.99622 |
* Expected Ratings
** 100% PPC to Maturity
Transaction Details:
* BBG Ticker: BMWLT 2021-2
* Format: Public, SEC Registered
* Assets: Auto Lease
* ERISA Eligible: Yes
* Ratings: Fitch/Moody's
* Settlement: September 15th, 2021
* First Pay: October 25th, 2021
* Min Denoms: $1k x $1k
* Risk Retention: US; Yes / EU; No
* Bill & Deliver: Wells Fargo
Materials: Preliminary Prospectus, CDI File
Intex Dealname: wsbmwlt2102
Intex Password: 7J3K
If this communication relates to an offering of US registered securities (i) a registration statement has been filed with the SEC, (ii) before investing you should read the filed documents, and (iii) you may obtain these documents from your sales representative, by calling 1-800-326-5897 or visiting www.sec.gov. If this communication relates to a securities offering exempt from US registration, you should contact your sales representative for the complete disclosure package.
