Free Writing Prospectus
Dated January 20, 2021
Filed Pursuant to Rule 433(d)
Registration No. 333-228379
Registration No. 333-228379-09
*PRICING DETAILS* $1.5Bn CarMax (CARMX 2021-1) Prime Auto ABS
Joint Bookrunners: MUFG (str), Barclays, Credit Suisse, J.P. Morgan
Co-Managers: Mizuho, Scotia, SMBC, TD
-ANTICIPATED CAPITAL STRUCTURE-
CLS SIZE(mm) | WAL* | S/F** | BENCH | Sprd | Yld(%) | Cpn(%) | Price | |||||||||
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A-1 | 255.000 | 0.25 | A-1+/F1+ | iLib | -5 | 0.17238 | 0.17238 | 100.00000 | ||||||||
A-2a | 441.500 | 1.07 | AAA/AAA | EDSF | +3 | 0.221 | 0.22 | 99.99904 | ||||||||
A-2b | 50.000 | 1.07 | AAA/AAA | 1mL | +3 | 1mL+0.03% | 100.00000 | |||||||||
A-3 | 522.500 | 2.56 | AAA/AAA | iSwp | +11 | 0.348 | 0.34 | 99.98024 | ||||||||
A-4 | 136.950 | 3.88 | AAA/AAA | iSwp | +16 | 0.532 | 0.53 | 99.99458 | ||||||||
B | 45.100 | 4.05 | AA+/AA | iSwp | +35 | 0.743 | 0.74 | 99.99262 | ||||||||
C | 28.600 | 4.05 | A+/A | iSwp | +55 | 0.943 | 0.94 | 99.99543 | ||||||||
D | 20.350 | 4.05 | BBB+/BBB | iSwp | +90 | 1.293 | 1.28 | 99.96242 | ||||||||
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* Pricing Speed: 1.30% ABS to 10% clean-up call
** Anticipated Ratings
-TRANSACTION DETAILS-
Expected Timing : PRICED
Offered Size : Upsized to $1.5Bn
Registration : SEC Registered
ERISA Eligible : Yes
Min Denoms : $5k x $1k
RR Compliance : US – Yes, EU – No
Expected Ratings : S&P/Fitch
Bloomberg Ticker : CARMX 2021-1
Exp Settlement : 1/27/2021
First Pay : 2/16/2021
B&D : MUFG
-MARKETING MATERIALS-
Preliminary Prospectus, Ratings FWP and CDI File (attached)
IntexNet Dealname mitcaot_2021-1 Password U94U
DealRoadshow: www.dealroadshow.com Password CARMX211
-IDENTIFIERS-
A1 CUSIP: 14316NAA7 | ISIN: US14316NAA72
A2A CUSIP: 14316NAB5 | ISIN: US14316NAB55
A2B CUSIP: 14316NAH2 | ISIN: US14316NAH26
A3 CUSIP: 14316NAC3 | ISIN: US14316NAC39
A4 CUSIP: 14316NAD1 | ISIN: US14316NAD12
B CUSIP: 14316NAE9 | ISIN: US14316NAE94
C CUSIP: 14316NAF6 | ISIN: US14316NAF69
D CUSIP: 14316NAG4 | ISIN: US14316NAG43
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 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, 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 1-877-649-6848.
