Filed Pursuant to Rule 433
Registration Nos.: 333-230960 and 333-230960-03
Free Writing Prospectus dated January 15, 2020
Nissan Auto LeaseTrust 2020-A
Issuing Entity
Nissan Auto Leasing LLC II | Nissan Motor Acceptance Corporation | |
Depositor | Sponsor and Servicer |
The depositor has prepared a preliminary prospectus dated January 15, 2020 which describes the notes to be issued by the issuing entity. You should review the preliminary prospectus in its entirety before deciding to purchase any of the notes.
Ratings
The depositor expects that the notes issued by the issuing entity will receive the indicated ratings from the nationally recognized statistical rating organizations, or “rating agencies,” listed below.
Moody’s Investors Service, Inc. | S&P Global Ratings | |||
Class A-1 Notes | P-1 (sf) | A-1+ (sf) | ||
Class A-2a Notes | Aaa (sf) | AAA (sf) | ||
Class A-2b Notes | Aaa (sf) | AAA (sf) | ||
Class A-3 Notes | Aaa (sf) | AAA (sf) | ||
Class A-4 Notes | Aaa (sf) | AAA (sf) |
It is a condition to the issuance of the notes that, on the closing date, each class of the Class A notes receive the ratings listed above.
Underwriters
Citigroup | Mizuho Securities | TD Securities | Wells Fargo Securities | |||
BNP PARIBAS | Lloyds Securities | Scotiabank | SMBC Nikko |
The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) (SEC FileNo. 333-230960) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling1-800-831-9146 or by emailing prospectus@citi.com.