Filed Pursuant to Rule 433
Registration Nos.:333-230960 and333-230960-03
*FULL PRICING* $1.25bn+ Nissan Auto Lease Trust (NALT)2020-A
Lead Managers: Citi (str.), Mizuho, TD and Wells Fargo
Co-Managers: BNP Paribas, Lloyds Securities, Scotiabank, SMBC Nikko
Class | Amt($mm) | M/S** | WAL*** | L.FINL | Bench | SPRD | YLD | CPN | $PX | |||||||||||||||||||||||||||
A-1 | 164.00 | P-1/A-1+ | 0.26 | 02/16/21 | INTL | -8 | 1.72183 | % | 1.72183 | % | 100.00000 | % | ||||||||||||||||||||||||
A-2a | 500.00 | Aaa/AAA | 1.09 | 05/16/22 | EDSF | +13 | 1.812 | % | 1.800 | % | 99.99443 | % | ||||||||||||||||||||||||
A-2b | 50.00 | Aaa/AAA | 1.09 | 05/16/22 | 1mL | +13 | 1ml+13 | 100.00000 | % | |||||||||||||||||||||||||||
A-3 | 436.00 | Aaa/AAA | 1.86 | 01/17/23 | EDSF | +25 | 1.851 | % | 1.840 | % | 99.99290 | % | ||||||||||||||||||||||||
A-4 | 107.50 | Aaa/AAA | 2.37 | 04/15/25 | iSwps | +30 | 1.889 | % | 1.880 | % | 99.99631 | % |
**Expected Ratings
***Assumes a 75% PPC to maturity
-Deal Summary-
Offered Size | : $1.2575BN | Expected Ratings | : M/S | |||||
Settle | : 01/27/2020 | Min Denoms | : $25K x $1K | |||||
First Pay Date | : 02/18/2020 | ERISA Eligible | : Yes | |||||
Ticker | : NALT 2020-A | B&D | : Citi | |||||
Registration | : Public / SEC-Registered |
-Available Information-
* Preliminary Prospectus, Ratings FWP, CDI file (attached)
* Intex Deal Name: xNAL20A Password: 6J4X
* Link:https://dealroadshow.com Passcode: NALT2020A
| CUSIP: | ISIN: | ||||
A-1 | 65479N AA2 | US65479NAA28 | ||||
A-2a | 65479N AB0 | US65479NAB01 | ||||
A-2b | 65479N AC8 | US65479NAC83 | ||||
A-3 | 65479N AD6 | US65479NAD66 | ||||
A-4 | 65479N AE4 | US65479NAE40 |
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