Filed Pursuant to Rule 433
Registration Nos. 333-263473 and
333-263473-04
*Full Pricing* $522.210MM ($496.098MM offered) Carvana Auto Receivables Trust 2024-P2 (CRVNA 2024-P2)
Joint Bookrunners: Citi (str.), BNP Paribas, and Santander
| CL | SIZE(MM) | OFFERED(MM) | WAL* | S/K | P.WIN | E.FINAL | L.FINAL | BENCH | SPREAD | YIELD | CPN | $PX | ||||||||||||||||||||||||||||||||||
A1 | $ | 56.150 | $ | 53.342 | 0.23 | A-1+/K1+ | 1-5 | 11/24 | 06/25 | I-Curve | +25 | 5.646 | 5.646 | 100.00000 | ||||||||||||||||||||||||||||||||
A2 | $ | 161.000 | $ | 152.950 | 1.07 | AAA/AAA | 5-21 | 03/26 | 11/27 | I-Curve | +62 | 5.697 | 5.63 | 99.99951 | ||||||||||||||||||||||||||||||||
A3 | $ | 161.000 | $ | 152.950 | 2.49 | AAA/AAA | 21-40 | 10/27 | 07/29 | I-Curve | +75 | 5.396 | 5.33 | 99.98536 | ||||||||||||||||||||||||||||||||
A4 | $ | 93.800 | $ | 89.110 | 3.98 | AAA/AAA | 40-57 | 03/29 | 06/30 | I-Curve | +83 | 5.270 | 5.21 | 99.98912 | ||||||||||||||||||||||||||||||||
B | $ | 17.760 | $ | 16.872 | 4.95 | AA/AA+ | 57-62 | 08/29 | 08/30 | I-Curve | +110 | 5.443 | 5.38 | 99.99016 | ||||||||||||||||||||||||||||||||
C | $ | 8.870 | $ | 8.426 | 5.31 | A+/A+ | 62-65 | 11/29 | 10/30 | I-Curve | +130 | 5.637 | 5.57 | 99.99127 | ||||||||||||||||||||||||||||||||
D | $ | 8.630 | $ | 8.198 | 5.41 | BBB/BBB+ | 65-65 | 11/29 | 06/31 | I-Curve | +185 | 6.186 | 6.10 | 99.96443 | ||||||||||||||||||||||||||||||||
N^ | $ | 15.000 | $ | 14.250 | 0.29 | BB+/BBB | 1-7 | 01/25 | 06/31 | I-Curve | +175 | 7.140 | 7.03 | 99.99839 | ||||||||||||||||||||||||||||||||
R | $ | 37.709 | $ | 35.82355 | 20.000 | |||||||||||||||||||||||||||||||||||||||||
*1.30% ABS to 2% call
^ Based on Case 2 assumptions outlined in the Class N OM
-Deal Summary-
Deal Size : $496.098MM Offered
Exp. Settle : 06/12/2024
First Pay Date : 07/10/2024
Offering Format : A-D: SEC, N: 144A/REG S
ERISA : A-D: Yes, N: No
Exp. Ratings : S / K
Min Denoms : A-D: $1K x $1K, N: $750K x $1K
BBG Ticker : CRVNA 2024-P2
B&D : Citi
-Available Information-
* Preliminary Prospectus, FWP, Preliminary Class N OM and CDI File (attached)
* Intex Deal Name: XCVAR24P2 Password: UK24
* DealRoadshow Link: https://dealroadshow.com ; Entry Code (Case Sensitive): CRVNA24P2
-CUSIPS- A-D: SEC N: 144A/Reg S
A1 14688P AA2
A2 14688P AB0
A3 14688P AC8
A4 14688P AD6
B 14688P AE4
C 14688P AF1
D 14688P AG9
N^ 14688P AH7 / U1471C AA6
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The Depositor 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 Depositor has filed with the SEC for more complete information about the issuer, the Depositor and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the Depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling 1-800-831-9146.
