Free Writing Prospectus
Dated July 14, 2020
Filed Pursuant to Rule 433(d)
Registration No. 333-228379
Registration No. 333-228379-07
**PRICING DETAILS** $1.35BN CarMax Prime Auto Loan (CARMX 2020-3)
Joint Active Bookrunners: Barclays (str), Credit Suisse, MUFG, SMBC
Co-Managers: Mizuho, RBC, Scotia, TD
— Anticipated Capital Structure —
| | | | | | | | | | | | | | | | | | |
| CLS | | $AMT(MM) | | WAL | | S/F | | E. Fnl | | L.Fnl | | LAUNCH | | YLD | | CPN | | PRICE |
| =============================================================================================== |
| A-1 | | 262.000 | | 0.27 | | A1+/F1+ | | 02/2021 | | 07/2021 | | IntL+0 | | 0.27652% | | 0.27652% | | 100.00000 |
| A-2A | | 378.500 | | 1.05 | | AAA/AAA | | 03/2022 | | 06/2023 | | EDSF+25 | | 0.494% | | 0.49% | | 99.99635 |
| A-2B | | 50.000 | | 1.05 | | AAA/AAA | | 03/2022 | | 06/2023 | | 1mL+25 | | 1mL+0.25% | | | | 100.00000 |
| A-3 | | 428.500 | | 2.41 | | AAA/AAA | | 11/2023 | | 03/2025 | | IntS+41 | | 0.628% | | 0.62% | | 99.98286 |
| A-4 | | 116.900 | | 3.61 | | AAA/AAA | | 06/2024 | | 03/2026 | | IntS+54 | | 0.781% | | 0.77% | | 99.96536 |
| B | | 47.500 | | 3.90 | | AA/AA | | 06/2024 | | 03/2026 | | IntS+85 | | 1.101% | | 1.09% | | 99.96766 |
| C | | 40.800 | | 3.90 | | A/A | | 06/2024 | | 04/2026 | | IntS+145 | | 1.701% | | 1.69% | | 99.98116 |
| D | | 25.800 | | 3.90 | | BBB/BBB | | 06/2024 | | 01/2027 | | IntS+230 | | 2.551% | | 2.53% | | 99.97206 |
| =============================================================================================== |
Expected Settle : 7/22/2020 Registration : SEC-REG
First Pay Date : 8/17/2020 ERISA Eligible : Yes
Expected Ratings : S&P, Fitch Min Denoms : $5k / $1k
Ticker : CARMX 2020-3 Bill & Deliver : Barclays
Expected Pricing : PRICED Pricing Speed : 1.3% ABS, 10% call
-Available Materials-
* Prelim Prospectus : Attached
* Ratings FWP : Attached
* Dealroadshow : www.dealroadshow.com | Password: CARMX20203
* Intexnet Name : bcgcarmax_2020-3_prepricebase | Password: 3BY2
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THE ISSUER HAS FILED A REGISTRATION STATEMENT (INCLUDING A PROSPECTUS) WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION (SEC) FOR THIS OFFERING. BEFORE YOU INVEST, YOU SHOULD READ THE PROSPECTUS FOR THIS OFFERING IN THAT REGISTRATION STATEMENT, AND OTHER DOCUMENTS THAT 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 SEARCHING THE SEC ONLINE DATABASE (EDGAR) AT WWW.SEC.GOV. ALTERNATIVELY, YOU MAY OBTAIN A COPY OF THE PROSPECTUS FROM BARCLAYS CAPITAL INC. BY CALLING 1-888-603-5847.
