Free Writing Prospectus | Filed pursuant to Rule 433 |
Dated February 10, 2016 | Registration Nos. 333-206749 |
| and 333-206749-01 |
$850MM CNH Equipment Trust (CNH) 2016-A ***Pricing Details***
Joint Bookrunners: Citi (str), Rabo Securities, Societe Generale
Co-managers: BMO, BofAML, MUFG
ANTICIPATED CAPITAL STRUCTURE
CLASS |
| $AMT(MM) |
| WAL* |
| M/F |
| Exp. |
| Lgl. |
| Bmk |
| Sprd |
| Yld |
| CPN |
| Price |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
A1 |
| 174.90 |
| 0.38 |
| P-1/F1+ |
| 10/16 |
| 3/10/17 |
| Yld |
|
|
| 0.670% |
| 0.67% |
| 100.00000 |
A2A\ |
| 161.50 |
| 1.18 |
| Aaa/AAA |
| 12/17 |
| 7/15/19 |
| EDSF |
| 52 |
| 1.229% |
| 1.22% |
| 99.99312 |
A2B/ |
| 161.50 |
| 1.18 |
| Aaa/AAA |
| 12/17 |
| 7/15/19 |
| 1mL |
| 52 |
|
|
|
|
| 100.00000 |
A3 |
| 265.00 |
| 2.74 |
| Aaa/AAA |
| 12/19 |
| 4/15/21 |
| ISwaps |
| 63 |
| 1.494% |
| 1.48% |
| 99.97491 |
A4 |
| 67.99 |
| 3.90 |
| Aaa/AAA |
| 1/20 |
| 9/15/21 |
| ISwaps |
| 80 |
| 1.806% |
| 1.79% |
| 99.96523 |
B |
| 19.11 |
| 3.91 |
| A1/A+ |
| 1/20 |
| 7/17/23 |
| ISwaps |
| +120 |
| 2.208% |
| 2.19% |
| 99.97039 |
* WAL to 20% CPR and 10% clean-up call
BBG Ticker: | CNH 2016-A |
Ratings: | M/F |
Registration: | Public/SEC Registered |
Settle: | 2/17/2016 |
First Pay: | 3/15/2016 |
Distribution: | Monthly on the 15th |
ERISA Eligible: | All Classes |
Min Denoms: | $1,000 x $1 |
Delivery: | DTC, Eurostream, Clearstream |
Bill and Deliver: | Citi |
CUSIP / ISIN
A1: 12594BAA0 / US12594BAA08
A2a: 12594BAB8 / US12594BAB80
A2b: 12594BAC6 / US12594BAC63
A3: 12594BAD4 / US12594BAD47
A4: 12594BAE2 / US12594BAE20
B: 12594BAF9 / US12594BAF94
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.
