Filed Pursuant to Rule 433
Registration Nos. 333-206176 and 333-206176-01
$618+mm Synchrony Credit Card Master Note Trust (SYNCT) 2018-1 (Retail Cards)
| Jt-Leads : | RBC (str), Citi, TDS |
| Co-Mgrs: | CastleOak, JPM, MIZ, SocGen |
| CLS | $AMT(MM) | WAL | M/S | E.FINAL | L.FINAL | BENCH | SPRD | YLD% | CPN% | $Px |
| A | 525.000 | 2.99 | Aaa/AAA | 03/15/21 | 03/15/24 | iSwp | +30 | 2.992 | 2.97 | 99.99000 |
| B | 50.342* | 2.99 | Aa2/AA | 03/15/21 | 03/15/24 | iSwp | +50 | 3.192 | 3.17 | 99.99727 |
| C | 43.150* | 2.99 | A1/A | 03/15/21 | 03/15/24 | iSwp | +70 | 3.392 | 3.36 | 99.97658 |
* Class B $50,342,466; Class C $43,150,685
| Expected Pricing: | *PRICED* | Registration: | Public / SEC Registered | |
| Expected Settle: | 03/20/18 | ERISA Eligible: | Yes | |
| First Payment: | 04/16/18 | Min Denoms: | Class A | $10k x $1k |
| Expected Ratings: | M/S | Class B/C | $10k x $1 | |
| Bill & Deliver: | RBC | |||
| CUSIP | ISIN | |
| Class A | 87165L BZ3 | US87165LBZ31 |
| Class B | 87165L CA7 | US87165LCA70 |
| Class C | 87165L CB5 | US87165LCB53 |
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.
