Filed Pursuant to Rule 433
Registration No. 333-185282
ABS New Issue: $1.5bln VWALT 14-A Auto Lease * PXG DETAILS
$1.5bln Volkswagen Auto Lease Trust 2014-A
Joint-Leads: BofAML (Struc), Citi Co-Mgrs: CS/JPM/GS/RBS/RBC
CL | $SIZE(MM) | MDYS/S&P | WAL | PWIN | EXP | LEGAL | BENCH | YIELD | PRICE | CPN | ||||||||||||||||||||||||||||||
A-1 | 263.00 | P1/A1+ | 0.32 | 1-8 | 9/14 | 2/20/15 | 0.200 | 100.00000 | 0.20 | |||||||||||||||||||||||||||||||
A-2A | 325.00 | Aaa/AAA | 1.35 | 8-24 | 1/16 | 10/20/16 | EDSF +21 | 0.522 | 99.99807 | 0.52 | ||||||||||||||||||||||||||||||
A-2B | 381.00 | Aaa/AAA | 1.35 | 8-24 | 1/16 | 10/20/16 | 1ML +21 | 100.00000 | ||||||||||||||||||||||||||||||||
A-3 | 426.00 | Aaa/AAA | 2.27 | 24-31 | 8/16 | 4/20/17 | ISWP +27 | 0.805 | 99.99180 | 0.80 | ||||||||||||||||||||||||||||||
A-4 | 104.00 | Aaa/AAA | 2.64 | 31-33 | 10/16 | 7/20/18 | ISWP +34 | 1.002 | 99.97417 | 0.99 | ||||||||||||||||||||||||||||||
| BILL & DELIVER | : | BofAML | BBG TICKER | : | VWALT 14-A | |||||
| REGISTRATION | : | Public | EXPECTED RATINGS | : | Moody’s/S&P | |||||
| EXPECTED SETTLE | : | 2/12/14 | FIRST PAY DATE | : | 2/20/14 | |||||
| ERISA ELIGIBLE | : | YES | DENOMS | : | $1k/$1k | |||||
| PXG SPEED | : | 75% PPC |
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. The securities may not be suitable for all investors. Merrill, Lynch, Pierce, Fenner & Smith Incorporated and its affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer.