Free Writing Prospectus
Dated October 14, 2020
Filed Pursuant to Rule 433(d)
Registration No. 333-228379
Registration No. 333-228379-08
$1.5 billion CarMax Auto Owner Trust (CARMX 2020-4) Prime Auto Loan
Joint Bookrunners: RBC (str), Mizuho, MUFG, Wells Fargo
Co-Managers: Barclays, Credit Suisse, Scotiabank, TD
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CLS | | SIZE(mm) | | WAL | | S/F | | E.FNL | | L.FNL | | BNCH | | SPRD | | YLD% | | CPN% | | PRICE |
| A-1 | | 231.00 | | 0.27 | | A-1+/F1+ | | 04/21 | | 10/21 | | iLib | | + 1 | | 0.24198 | | | | 100.00000 |
| A-2 | | 548.00 | | 1.15 | | AAA/AAA | | 08/22 | | 01/24 | | EDSF | | + 11 | | 0.320 | | 0.31 | | 99.98873 |
| A-3 | | 485.00 | | 2.62 | | AAA/AAA | | 04/24 | | 08/25 | | iSwp | | + 26 | | 0.509 | | 0.50 | | 99.97799 |
| A-4 | | 125.31 | | 3.81 | | AAA/AAA | | 10/24 | | 06/26 | | iSwp | | + 33 | | 0.631 | | 0.63 | | 99.99936 |
| B | | 48.19 | | 3.98 | | AA/AA | | 10/24 | | 06/26 | | iSwp | | + 55 | | 0.859 | | 0.85 | | 99.97077 |
| C | | 38.40 | | 3.98 | | A/A | | 10/24 | | 08/26 | | iSwp | | + 100 | | 1.309 | | 1.30 | | 99.97889 |
| D | | 24.10 | | 3.98 | | BBB/BBB | | 10/24 | | 04/27 | | iSwp | | + 145 | | 1.759 | | 1.75 | | 99.99007 |
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| Expected Pricing | | : PRICED | | Expected Ratings | | : S&P/Fitch |
| Expected Settlement | | : 10/21/20 | | Registration | | : SEC Registered |
| First Payment Date | | : 11/16/20 | | ERISA Eligible | | : Yes |
| RR Compliance | | : US-Yes; EU-No | | Pricing Speed | | : 1.30% ABS to 10% clean-up |
| BBERG Ticker | | : CARMX 2020-4 | | Min Denoms | | : 5k x 1k |
-MARKETING MATERIALS-
Preliminary Prospectus: (attached)
Ratings FWP: (attached)
Intex CDI: (attached)
IntexNet Dealname “rbccarx2004”; Password “XUKX”
DealRoadshow: www.dealroadshow.com; Password “CARMX204”
Cusips:
A-1: 14316H AA0
A-2: 14316H AB8
A-3: 14316H AC6
A-4: 14316H AD4
B: 14316H AE2
C: 14316H AF9
D: 14316H AG7
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The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and 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 at www.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-free 1 866 375-6829.
