Free Writing Prospectus
Dated January 17, 2024
Filed Pursuant to Rule 433(d)
Registration No. 333-260819
Registration No. 333-260819-09
| * | Full Px Details* $1.55bn CarMax (CARMX 2024-1) Prime Auto Loan |
Joint Bookrunners: Barclays (str), Scotia Capital, TD Securities, and Wells Fargo Co-Managers: CIBC Capital Markets, Mizuho, SMBC Nikko, Truist Securities
-ANTICIPATED CAPITAL STRUCTURE-
CLS | SIZE(mm) | WAL* | Fitch/S&P | P.WIN | E.FNL | L.FNL | BENCH | SPREAD | YLD(%) | CPN(%) | PX(%) | |||||||||||||
| A-1 | 275.100 | 0.26 | F1+/A-1+ | 1-6 | 7/24 | 1/25 | I-CRV | +13 | 5.511 | 5.511 | 100.00000 | |||||||||||||
| A-2A | 325.000 | 1.12 | AAA/AAA | 6-22 | 11/25 | 3/27 | I-CRV | +62 | 5.363 | 5.30 | 99.99582 | |||||||||||||
| A-2B | 237.700 | 1.12 | AAA/AAA | 6-22 | 11/25 | 3/27 | SOFR30A | +62 | 100.00000 | |||||||||||||||
| A-3 | 500.320 | 2.59 | AAA/AAA | 22-42 | 7/27 | 10/28 | I-CRV | +75 | 4.974 | 4.92 | 99.99235 | |||||||||||||
| A-4 | 86.680 | 3.71 | AAA/AAA | 42-47 | 12/27 | 8/29 | I-CRV | +90 | 4.995 | 4.94 | 99.98731 | |||||||||||||
| B | 46.900 | 3.89 | AA/AA | 47-47 | 12/27 | 8/29 | I-CRV | +115 | 5.235 | 5.17 | 99.96923 | |||||||||||||
| C | 44.600 | 3.89 | A/A | 47-47 | 12/27 | 8/29 | I-CRV | +145 | 5.535 | 5.47 | 99.99241 | |||||||||||||
| D | 33.700 | 3.89 | BBB/BBB | 47-47 | 12/27 | 7/30 | I-CRV | +200 | 6.085 | 6.00 | 99.96819 | |||||||||||||
| * | Pricing Speed: 1.30 ABS to 10% Clean-Up Call. |
TOE: 12:46PM ET
-TRANSACTION DETAILS-
Offered Size : $1,550,000,000
Format : SEC Registered
ERISA Eligible : Yes
RR Compliance : US – Yes, EU – No
Expected Ratings : S&P / Fitch
Min Denoms : $5k x $1k
Bloomberg Ticker : CARMX 2024-1
Expected Settlement: 1/24/2024
First Payment Date : 2/15/2024
Bill & Deliver : Barclays
-MARKETING MATERIALS-
Preliminary Prospectus, FWP: Attached
Intex Dealname: bcgcarx2401_preprice_upsize | Password: UX6A
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.
