Free Writing Prospectus
Dated April 22, 2020
Filed Pursuant to Rule 433(d)
RegistrationNo. 333-228379
RegistrationNo. 333-228379-06
**PX DETAILS** $1,150MM CarMax (CARMX)2020-2
Joint Leads: Wells Fargo Securities (struc), Barclays, BofA
Co-Managers: CS, Mizuho, MUFG, SMBC
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CLASS SIZE($MM) | | WAL | | | S&P/F | | | BENCH | | | SPD | | | YLD% | | | CPN% | | | $PRICE | |
A1 223.000 | | | 0.24 | | | | A-1+/F1+ | | | | IntL | | | | +25 | | | | 1.25179 | | | | 1.25179 | | | | 100.00000 | |
A2A 258.385 | | | 0.94 | | | | AAA/AAA | | | | EDSF | | | | +130 | | | | 1.760 | | | | 1.750 | | | | 99.99668 | |
A2B 65.000 | | | 0.94 | | | | AAA/AAA | | | | 1mL | | | | +130 | | | | | | | | | | | | 100.00000 | |
A3 388.134 | | | 2.24 | | | | AAA/AAA | | | | IntS | | | | +130 | | | | 1.711 | | | | 1.700 | | | | 99.98920 | |
A4 106.731 | | | 3.48 | | | | AAA/AAA | | | | IntS | | | | +165 | | | | 2.059 | | | | 2.050 | | | | 99.99929 | |
B 37.600 | | | 3.88 | | | | AA/AA | | | | IntS | | | | +250 | | | | 2.920 | | | | 2.900 | | | | 99.99131 | |
C 31.820 | | | 3.88 | | | | A/A | | | | IntS | | | | +385 | | | | 4.270 | | | | 4.230 | | | | 99.99122 | |
D 39.330 | | | 3.88 | | | | BBB/BBB | | | | IntS | | | | +540 | | | | 5.820 | | | | 5.750 | | | | 99.99799 | |
Deal Summary:
| | |
| Expected Settle: 04/29/20 | | Registration: SEC Registered |
| First Pay Date: 05/15/20 | | ERISA: Yes |
| Expected Ratings: S&P, Fitch | | Pxing Speed: 1.3 ABS to 10% Call |
| Ticker: CARMX2020-2 | | Min Denoms: $5k x $1k |
| Transaction Size: $1.15bln | | Bill & Deliver: WFS |
Available Information:
* Preliminary Prospectus and FWP (Attached)
* Intex CDI File (Attached)
* Intex Dealname: wscarmax202002 Password: B92X
Deal Roadshow Login Details
* URL www.dealroadshow.com
* Entry Code (Case Sensitive):CARMX2020-2
* Direct Link:www.dealroadshow.com/e/CARMX2020-2
If this communication relates to an offering of US registered securities (i) a registration statement has been filed with the SEC, (ii) before investing you should read the filed documents, and (iii) you may obtain these documents from your sales representative, by calling1-800-326-5897 or visiting www.sec.gov. If this communication relates to a securities offering exempt from US registration, you should contact your sales representative for the complete disclosure package. For information regarding Wells Fargo, see https://www.wellsfargo.com/com/disclaimer/wfid3. In Japan, see: https://www.wellsfargo.com/com/disclaimer/wfsjb4. This chat will be retained and may be monitored.
