Free Writing Prospectus |
| Filed pursuant to Rule 433 |
Dated May 24, 2016 |
| Registration Nos. 333-206749 |
|
| and 333-206749-02 |
$862MM CNH Equipment Trust 2016-B
Joint Leads: BofAML (struc), Deutsche Bank, RBC
Co-managers: BAR/CIBC/RBS/WF
CL |
| $SIZE(MM) |
| MDY/FITCH |
| WAL |
| PWIN |
| EXP |
| LGL |
| BNCH |
| YLD |
| PRICE |
| CPN |
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A-1 |
| 190.500 |
| P-1/F1+ |
| 0.37 |
| 1-8 |
| 1/17 |
| 6/15/17 |
| YLD |
| 0.640 | % | 100.00000 |
| 0.64 | % |
A-2A |
| 222.600 |
| Aaa/AAA |
| 1.19 |
| 8-23 |
| 4/18 |
| 10/15/19 |
| EDSF + 38 |
| 1.314 | % | 99.99952 |
| 1.31 | % |
A-2B |
| 110.000 |
| Aaa/AAA |
| 1.19 |
| 8-23 |
| 4/18 |
| 10/15/19 |
| 1mLr + 40 |
|
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| 100.00000 |
|
|
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A-3 |
| 246.600 |
| Aaa/AAA |
| 2.74 |
| 23-45 |
| 2/20 |
| 8/16/21 |
| IntS + 50 |
| 1.645 | % | 99.97494 |
| 1.63 | % |
A-4 |
| 72.790 |
| Aaa/AAA |
| 3.85 |
| 45-47 |
| 4/20 |
| 11/15/21 |
| IntS + 73 |
| 1.988 | % | 99.96365 |
| 1.97 | % |
B |
| 19.390 |
| A2/A+ |
| 3.88 |
| 47-47 |
| 4/20 |
| 10/16/23 |
| IntS + 95 |
| 2.211 | % | 99.99676 |
| 2.20 | % |
Bill & Deliver: | BofAML |
BBG Ticker: | CNH 2016-B |
Registration: | Public |
Expected Ratings: | Moody’s/Fitch |
Expected Settle: | 5/31/2016 |
First Pay Date: | 6/15/2016 |
ERISA Eligible: | Yes |
PXG Speed: | 20% CPR to 10% Call |
Denoms: | $1,000/$1,000 |
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 1-800-294-1322.
