Free Writing Prospectus
Filed Pursuant to Rule 433
Dated October 12, 2022
Registration Statement Nos. 333-233850 and 333-233850-10
**PRICING DETAILS** Exeter Subprime Auto Loan (EART 2022-5)
Joint-Lead Managers: Wells Fargo (Str), Deutsche Bank, and J.P. Morgan
Co-Managers: BMO, BNP Paribas, and Mizuho
Anticipated Capital Structure:
CL | Size(mm) | Offered(mm) | WAL^ | S&P/F** | BENCH | SPD | YLD% | CPN% | $PRICE |
A-1 | $72.000 | $68.400 | 0.13 | A-1+/F1+ | I-Curv | + 50 | 3.718 | 3.718 | 100.00000 |
A-2 | $127.530 | $121.153 | 0.50 | AAA/AAA | I-Curv | + 120 | 5.355 | 5.290 | 99.99705 |
A-3 | $89.230 | $84.768 | 1.14 | AAA/AAA | I-Curv | + 145 | 5.716 | 5.430 | 99.75812 |
B | $89.070 | $84.616 | 1.87 | AA/AA | I-Curv | + 190 | 6.190 | 5.970 | 99.75030 |
C | $79.430 | $75.458 | 2.65 | A/A | I-Curv | + 250 | 6.804 | 6.510 | 99.51731 |
D | $78.460 | $74.537 | 3.51 | BBB/BBB | I-Curv | + 350 | 7.762 | 7.400 | 99.26642 |
E | $63.990 | $60.790 | 4.44 | BB/BB | I-Curv | + 680 | 10.972 | 10.450 | 99.01746 |
^ WAL to 1.50% ABS to 5% Clean-Up Call
**Expected Ratings
-Deal Summary-
Offered Size : $569.722mm offered *Deal Will Not Grow*
Exp. Settle : 10/19/2022
Pxg Speed : 1.5% ABS to 5% Call
Offering Format (Class A-D): SEC REG | (Class E): 144A / Reg S / IAI
First Pay Date : 11/15/2022
ERISA Eligible : Yes (Class A-D) | No (Class E)
Exp. Ratings : S&P/Fitch
Min Denoms (Class A-D): $1k x $1k | (Class E): $854k x $1k
BBG Ticker : EART 2022-5
B&D : Wells Fargo
-Available Information-
* Preliminary Prospectus, Preliminary Offering Memorandum, FWP, and CDI : Attached
* Intex Deal Name : WSEART202205 Password: 7447
* Roadshow Link : https://dealroadshow.com | Passcode: EART225 (case sensitive)
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If this communication relates to an offering of US registered securities (i) a registration statement has been filed with the SEC, (ii) before investing you should read the filed documents, and (iii) you may obtain these documents from your sales representative, by calling 1-800-326-5897 or visiting www.sec.gov.