Filed Pursuant to Rule 433
Registration Nos. 333-208544 and 333-208544-07
$1.0bn Nissan Auto Receivables Owner Trust 2018-A
Joint Leads: BofAML (struc), HSBC, Lloyds, MUFG
Co-Managers: BNPP/SCO/SG/TD
CL | $SIZE(MM) | WAL | EXP | LGL | M/S | BENCH | YIELD | PRICE | CPN | |||||||||
A1 | 200.000 | 0.25 | 9/18 | 3/15/19 | P-1/A-1+ | Yield% | 1.900 | 100.00000 | ||||||||||
A2A | 295.000 | 1.05 | 10/19 | 12/15/20 | Aaa/AAA | EDSF + 9 | 2.402 | 99.99998 | 2.39 | |||||||||
A2B | 75.000 | 1.05 | 10/19 | 12/15/20 | Aaa/AAA | 1mLr + 9 | 100.00000 | |||||||||||
A3 | 300.000 | 2.25 | 2/21 | 5/16/22 | Aaa/AAA | iSwaps + 10 | 2.670 | 99.98857 | 2.65 | |||||||||
A4 | 130.000 | 3.45 | 2/22 | 6/17/24 | Aaa/AAA | iSwaps + 20 | 2.915 | 99.97565 | 2.89 |
BILL & DELIVER | : BofAML | BBG TICKER | : NAROT 2018-A | |||||
EXPECTED RATINGS | : Moody’s/S&P | REGISTRATION | : PUBLIC | |||||
EXPECTED SETTLE | : 02/28/18 | FIRST PAY DATE | : 03/15/18 | |||||
ERISA ELIGIBLE | : YES | PXG SPEED | : 1.3% ABS to 5% CALL | |||||
CUSIPS A1 | : 65478D AA5 | DENOMS | : $1k/$1k | |||||
A2A | : 65478D AB3 | |||||||
A2B | : 65478D AC1 | |||||||
A3 | : 65478D AD9 | |||||||
A4 | : 65478D AE7 |
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.