Free Writing Prospectus |
| Filed pursuant to Rule 433 |
Dated July 18, 2017 |
| Registration Nos. 333-206749 |
|
| and 333-206749-05 |
ABS NEW ISSUE: $747.56mm CNH 2017-B (EQ) * PXG DETAILS
$747.56mm CNH Equipment Trust 2017-B
Joint Leads: BofAML (struc), BMO, WF
Co-Managers: BAR/BNPP/GS/NAT
CL | $SIZE(MM) | WAL | EXP | LGL | M/F | BENCH | Yield | Price | CPN |
A1 | 166.000 | 0.36 | 3/15/18 | 8/15/18 | P-1/F1+ | Yield | 1.300 | 100.00000 | 1.30 |
A2A | 197.800 | 1.15 | 5/15/19 | 11/16/20 | Aaa/AAA | EDSF +14 | 1.605 | 99.98908 | 1.59 |
A2B | 75.000 | 1.15 | 5/15/19 | 11/16/20 | Aaa/AAA | 1mLr +14 |
| 100.00000 |
|
A3 | 221.500 | 2.63 | 4/15/21 | 9/15/22 | Aaa/AAA | iSwaps +22 | 1.877 | 99.97526 | 1.86 |
A4 | 70.440 | 3.85 | 6/15/21 | 4/17/23 | Aaa/AAA | iSwaps +40 | 2.182 | 99.99211 | 2.17 |
B | 16.820 | 3.89 | 6/15/21 | 12/16/24 | A2/A+ | iSwaps +70 | 2.485 | 99.99178 | 2.47 |
$0.520mm Class B will be retained for risk retention purposes.
BILL & DELIVER: BofAML
BBG TICKER: CNH 2017-B
EXPECTED RATINGS: Moody’s/Fitch
REGISTRATION: SEC Registered
EXPECTED SETTLE: 07/25/17
FIRST PAY DATE: 8/15/17
ERISA ELIGIBLE: YES
DENOMS: $1k/$1
CUSIPS A1: |
| 12637BAA9 |
A2A: |
| 12637BAB7 |
A2B: |
| 12637BAC5 |
A3: |
| 12637BAD3 |
A4: |
| 12637BAE1 |
B: |
| 12637BAF8 |
The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and the 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 or you may e-mail a request to dg.prospectus_request@baml.com.
