Filed Pursuant to Rule 433
Registration Nos.: 333-232228 and
333-232228-01
Nissan Master Owner Trust2019-B (NMOTR2019-B)
Active Joint Leads: BofA(str), Citi, LLoyds, MUFG
Co-Managers: HSBC, Scotia, SMBC, TD
CLS | AMT $mm | WAL | EXP | LGL | M/F | BENCH | Price | |||||||
| A | 1,000.0 | 1.97 | 11/21 | 11/15/23 | Aaa/AAA | 1mLr+43 | 100.0 |
| Bill & Deliver: | BofAML | BBG Ticker: | NMOTR 2019-B | |||||
| Expected Ratings: | Moody’s/Fitch | Registration: | SEC Registered | |||||
| Expected Settle: | 11/25/19 | First Pay Date: | 12/16/19 | |||||
| ERISA Eligible: | Yes | Denoms: | $25k/$1k | |||||
| CUSIP: | 65474VAS0 | Euro RR: | Yes |
The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and the 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 atwww.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-free1-800-294-1322 or you maye-mail a request todg.prospectus_request@baml.com. 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.
CIRCULAR 230 DISCLOSURE
TO ENSURE COMPLIANCE WITH REQUIREMENTS IMPOSED BY THE INTERNAL REVENUE SERVICE, WE INFORM YOU THAT (A) ANY UNITED STATES FEDERAL TAX ADVICE CONTAINED HEREIN (INCLUDING ANY ATTACHMENTS OR ENCLOSURES) WAS NOT INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING UNITED STATES FEDERAL TAX PENALTIES, (B) ANY SUCH ADVICE WAS WRITTEN TO SUPPORT THE PROMOTION OR MARKETING OF THE TRANSACTIONS OR MATTERS ADDRESSED HEREIN AND (C) ANY TAXPAYER TO WHOM THE TRANSACTIONS OR MATTERS ARE BEING PROMOTED, MARKETED OR RECOMMENDED SHOULD SEEK ADVICE BASED ON ITS PARTICULAR CIRCUMSTANCES FROM AN INDEPENDENT TAX ADVISOR.
IMPORTANT NOTICE RELATING TO AUTOMATICALLY-GENERATED EMAIL DISCLAIMERS
Any legends, disclaimers or other notices that may appear at the bottom of any email communication to which this communication is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) no representation that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to this offering and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system.