Free Writing Prospectus | Filed pursuant to Rule 433 |
Dated March 15, 2017 | Registration Nos. 333-206749 |
| and 333-206749-04 |
**FULL PXING** $869.86MM CNH Equipment Trust (CNH) 2017-A
ABS NEW ISSUE: $869.86MM CNH 2017-A
Joint Leads: Citi (str.), Rabo Securities, Société Générale
Co-Managers: BAML, BMO, Mizuho, RBC
Anticipated Capital Structure:
CLS | SIZE($MM) | WAL(y)* | S/F | L.FIN | BENCH | LAUNCH | Yield | CPN | PX |
A-1 | 181.00 | 0.38 | A-1+/F1+ | 04/13/2018 | YLD | 1.00% | 1.000 | 1.00 | 100.00000 |
A-2 | 310.00 | 1.16 | AAA/AAA | 07/15/2020 | EDSF | +15 | 1.649 | 1.64 | 99.99616 |
A-3 | 272.00 | 2.64 | AAA/AAA | 05/16/2022 | ISWP | +22 | 2.080 | 2.07 | 99.99735 |
A-4 | 87.29 | 3.87 | AAA/AAA | 02/15/2024 | ISWP | +42 | 2.496 | 2.48 | 99.98853 |
B | 19.57 | 3.90 | A+/A+ | 08/15/2024 | ISWP | Retained |
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*WAL to 10% clean up call
NO GROW
BBG TICKER: CNH 2017-A
REGISTRATION: Public
EXPECTED RATINGS : S&P/Fitch
EXPECTED SETTLE: 3/22/17
ERISA ELIGIBLE: Yes
FIRST PAY: 4/17/17
MIN DENOMS: 1,000 x 1.00
BILL & DELIVER: Citi
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. Any legends, disclaimers or notices that appear below are not applicable to this message and should be disregarded. Such text has been automatically generated via bloomberg or another system.
