Free Writing Prospectus
Dated January 19, 2022
Filed Pursuant to Rule 433(d)
Registration No. 333-260819
Registration No. 333-260819-01
**PRICING DETAILS** $1.6bln CarMax Auto Owner Trust 2022-1 (CARMX 2022-1)
Joint Leads: J.P. Morgan (Struc), BofA, MUFG, TD Securities
Co-Managers: CIBC, Mizuho, Scotiabank, SMBC
| | | | | | | | | | | | | | | | | | | | |
| CL | | AMT($MM) | | WAL | | MDY/S&P | | P.WIN | | E.FIN | | L.FIN | | SPREAD | | YLD% | | CPN% | | $PX |
|
| A-1 | | 287.000 | | 0.26 | | P-1/A-1+ | | 1-7 | | 08/22 | | 02/23 | | IntL+5 | | 0.31282 | | 0.31282 | | 100.00000 |
| A-2 | | 540.700 | | 1.09 | | Aaa/AAA | | 7-21 | | 10/23 | | 02/25 | | EDSF+11 | | 0.917 | | 0.91 | | 99.99432 |
| A-3 | | 540.700 | | 2.58 | | Aaa/AAA | | 21-43 | | 08/25 | | 12/26 | | IntS+11 | | 1.481 | | 1.47 | | 99.98370 |
| A-4 | | 146.580 | | 3.86 | | Aaa/AAA | | 43-48 | | 01/26 | | 08/27 | | IntS+11 | | 1.712 | | 1.70 | | 99.97789 |
| B | | 17.650 | | 3.97 | | Aa2/AA+ | | 48-48 | | 01/26 | | 09/27 | | IntS+35 | | 1.967 | | 1.95 | | 99.96573 |
| C | | 41.700 | | 3.97 | | A2/A | | 48-48 | | 01/26 | | 11/27 | | IntS+60 | | 2.217 | | 2.20 | | 99.97411 |
| D | | 25.670 | | 3.97 | | Baa2/BBB | | 48-48 | | 01/26 | | 07/28 | | IntS+87 | | 2.487 | | 2.47 | | 99.98414 |
|
| | |
| Expected Settle : 01/26/22 | | Registration : SEC Registered |
| First Pay Date : 02/15/22 | | ERISA : Yes |
| Expected Ratings : Moody’s, S&P | | Pxing Speed : 1.30% ABS to 10.00% Call |
| Ticker : CARMX 2022-1 | | Min Denoms : $5k x $1k |
| Expected Pricing : Priced | | Bill & Deliver : J.P. Morgan |
| ABS-15G Filing : Mon, 01/10 | | |
| |
| CUSIPs A-1 14317CAA0 | | Available Information |
| A-2 14317CAB8 | | * Preliminary Prospectus: Attached |
| A-3 14317CAC6 | | * Ratings FWP : Attached |
| A-4 14317CAD4 | | * Intex CDI : Separate Message |
| B 14317CAE2 | | * DealRoadshow : CARMX221 |
| C 14317CAF9 | | |
| D 14317CAG7 | | |
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 800-408-1016 or by emailing the ABS Syndicate Desk at abs_synd@jpmorgan.com.
