Free Writing Prospectus
Filed Pursuant to Rule 433
Dated February 7, 2023
Registration Statement Nos. 333-260903 and 333-260903-03
$1bln BMW Vehicle Lease Trust (BMWLT) 2023-1
Jt-Leads: BofA (struc), Barc, Miz Co-Mgrs: TD, USB
ANTICIPATED CAPITAL STRUCTURE
| CLS | SZ($mm) | WAL | M/S | PWIN | E.Final | L.Final | BENCH | SPRD | YLD | CPN | $PRICE |
| A-1 | 155.000 | 0.27 | P-1/A-1+ | 1-6 | 8/23 | 2/26/24 | I-CRV | +16 | 4.831 | | 100.00000 |
| A-2 | 370.500 | 0.96 | Aaa/AAA | 6-16 | 6/24 | 2/25/25 | I-CRV | +49 | 5.335 | 5.27 | 99.99336 |
| A-3 | 370.500 | 1.75 | Aaa/AAA | 16-25 | 3/25 | 11/25/25 | I-CRV | +68 | 5.217 | 5.16 | 99.99762 |
| A-4 | 104.000 | 2.25 | Aaa/AAA | 25-28 | 6/25 | 6/25/26 | I-CRV | +78 | 5.131 | 5.07 | 99.98474 |
PRICED: 2/7/23
| BILL & DELIVER: BofA | DEAL SIZE: $1bln | |
| EXPECTED RATINGS: Moody's/S&P | BBG TICKER: BMWLT 2023-1
| SSAP: BMWT23 |
| EXPECTED SETTLE: 2/15/23 | FORMAT: SEC Registered | |
| FIRST PAY DATE: 3/27/23 | PXG SPEED: 100% PPC to Maturity |
| ERISA ELIGIBLE: Yes | MIN DENOMS: $1k x $1K | |
INTEXNET: basbmwlt2023_1_v1 AB93
CUSIP: A-1 05593A AA7
A-2 05593A AB5
A-3 05593A AC3
A-4 05593A AD1
-----------------------------------------------------
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 Web site 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 1-800-294-1322 or you may e-mail a request to prospectus_request@bofa.com.
