Free Writing Prospectus
Filed Pursuant to Rule 433
Dated January 17, 2024
Registration Statement Nos. 333-265473 and
333-265473-05
*Full Pricing* Ford Credit Auto Lease Trust 2024-A (FORDL 2024-A)
Active Leads: Citi (Str.), Deutsche Bank, Lloyds
Passive Leads: Credit Agricole, Mizuho
Passive Co-Managers: US Bancorp, Truist Securities
Active Co-Managers: R. Seelaus & Co., Blaylock Van
Capital Structure:
| CL OFF | AMT (MM) | WAL** | P. WIN | F/S | E. FINAL | L. FINAL | BENCH | Launch | Yld | $Cpn | $Px | ||||||||||||
| A-1 | 280.380 | 0.36 | 1-7 | F1+/A-1+ | 08/2024 | 02/2025 | I-Curve | +17 | 5.506 | 5.506 | 100.00000 | ||||||||||||
| A-2A | 300.000 | 1.00 | 7-18 | AAA/AAA | 07/2025 | 07/2026 | I-Curve | +50 | 5.306 | 5.24 | 99.99214 | ||||||||||||
| A-2B | 236.440 | 1.00 | 7-18 | AAA/AAA | 07/2025 | 07/2026 | SOFR30A | +50 | 100.00000 | ||||||||||||||
| A-3 | 495.780 | 1.83 | 18-28 | AAA/AAA | 05/2026 | 05/2027 | I-Curve | +70 | 5.120 | 5.06 | 99.98930 | ||||||||||||
| A-4 | 87.400 | 2.35 | 28-29 | AAA/AAA | 06/2026 | 06/2027 | I-Curve | +83 | 5.108 | 5.05 | 99.99025 | ||||||||||||
| B | 62.960 | 2.45 | 29-30 | AA/AA | 07/2026 | 06/2027 | I-Curve | +110 | 5.357 | 5.29 | 99.98143 | ||||||||||||
| C | 78.640 | 2.54 | 30-31 | NR/NR | 08/2026 | 07/2027 | Not Offered | ||||||||||||||||
| D | 83.870 | 2.64 | 31-33 | NR/NR | 10/2026 | 10/2028 | Not Offered | ||||||||||||||||
**Assumes a pricing speed of 100% PPC to maturity
> Issuer is available for conference calls upon request
-Deal Summary-
| Exp. Settle | : January 22nd, 2024 |
| First Pay Date | : February 15th, 2024 |
| Offering Format | : Public |
| ERISA | : Yes |
| Exp. Ratings | : Fitch / S&P |
| Pricing Speed | : 100% PPC to maturity |
| Min Denoms | : $1k x $1k |
| BBG Ticker | : FORDL 2024-A |
| Delivery | : DTC, Clearstream |
| Citi B&D | |
| -Available Information- | |
| * Preliminary Prospectus, Ratings FWP and CDI Attached | |
| * Intex Deal Name: XFCAT24A Password: UK7A | |
| * Deal Roadshow Link: https://dealroadshow.com Passcode: FORDL2024A | |
| CUSIPS | |
| A-1 | : 345290AA8 |
| A2A | : 345290AB6 |
| A2B | : 345290AC4 |
| A3 | : 345290AD2 |
| A4 | : 345290AE0 |
| B | : 345290AF7 |
_______________________
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 Website 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 1-800-831-9146.
