Free Writing Prospectus
Filed Pursuant to Rule 433
Dated November 14, 2017
Registration Statement Nos. 333-205966 and
333-205966-07
$1.845bln Ford Credit Auto Owner Trust 2017-C | |
Joint Leads : BofAML, LL, MIZ, SG, TD | |
Co-Manager : BBS, USB | |
Selling Group: DXL, GPS, WC | |
CL | | $SIZE(MM) | | WAL | | EXP | | LGL | | S/F | | BENCH | | YLD | | PRICE | | CPN |
A1 | | 278.600 | | 0.20 | | 4/18 | | 11/15/18 | | A-1+/F1+ | | Yield% | | 1.47% | | 100.00000 | | 1.47 |
A2A | | 525.100 | | 0.92 | | 6/19 | | 9/15/20 | | AAA/AAA | | EDSF | | +12 | | 99.99165 | | 1.80 |
A2B | | 215.000 | | 0.92 | | 6/19 | | 9/15/20 | | AAA/AAA | | 1mLr | | +12 | | 100.00000 | | |
A3 | | 557.300 | | 2.18 | | 10/20 | | 3/15/22 | | AAA/AAA | | iSwaps | | +13 | | 99.98197 | | 2.01 |
A4 | | 177.380 | | 3.23 | | 4/21 | | 3/15/23 | | AAA/AAA | | iSwaps | | +17 | | 99.98379 | | 2.16 |
B | | 55.370 | | 3.40 | | 4/21 | | 4/15/23 | | AA+/AA | | iSwaps | | +35 | | 99.97913 | | 2.35 |
C | | 36.910 | | 3.40 | | 4/21 | | 5/15/24 | | AA/A | | iSwaps | | +50 | | 99.98411 | | 2.50 |
BILL & DELIVER | : | | BofAML | | BBG TICKER | : | | FORDO 2017-C |
EXPECTED RATINGS | : | | S&P/Fitch | | REGISTRATION | : | | PUBLIC |
EXPECTED SETTLE | : | | 11/21/17 | | FIRST PAY DATE | : | | 12/15/17 |
ERISA ELIGIBLE | : | | YES | | PXG SPEED | : | | 1.4% ABS to 10% CALL |
DENOMS | : | | $1k/$1k | | | | | |
| | | | | | | | |
CUSIPS | : | | A-1: | 34532A AA1 | | | | | |
| | | A-2a: | 34532A AB9 | | | | | |
| | | A-2b: | 34532A AC7 | | | | | |
| | | A-3: | 34532A AD5 | | | | | |
| | | A-4: | 34532A AE3 | | | | | |
| | | B: | 34532A AF0 | | | | | |
| | | C: | 34532A AG8 | | | | | |
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. The securities may not be suitable for all investors. Merrill Lynch, Pierce, Fenner & Smith, Incorporated and its affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer.