Filed pursuant to Rule 433(d)
Registration Nos.333-228964 and333-228964-01
FINAL TERM SHEET, dated July 16, 2019
$1,051,050,000
John Deere Owner Trust2019-B
Issuing Entity
| $ | 287,000,000 | Class A-1 | 2.19517% Asset Backed Notes | |||
| $ | 340,000,000 | Class A-2 | 2.28% Asset Backed Notes | |||
| $ | 340,000,000 | Class A-3 | 2.21% Asset Backed Notes | |||
| $ | 84,050,000 | Class A-4 | 2.32% Asset Backed Notes |
John Deere Receivables LLC, Seller and Depositor
John Deere Capital Corporation, Sponsor and Servicer
Class A-1 Notes(1) | Class A-2 Notes(1) | Class A-3 Notes(1) | Class A-4 Notes(1) | |||||
Principal Amount | $287,000,000 | $340,000,000 | $340,000,000 | $84,050,000 | ||||
Per Annum Interest Rate | 2.19517% | 2.28% | 2.21% | 2.32% | ||||
Final Scheduled Payment Date | July 15, 2020 | May 16, 2022 | December 15, 2023 | May 15, 2026 | ||||
Initial Public Offering Price | 100.00000% | 99.99962% | 99.97877% | 99.98032% | ||||
Ratings (Moody’s/Fitch) | P-1/F1+ | Aaa/AAA | Aaa/AAA | Aaa/AAA | ||||
Payment Date | Monthly, beginning September 15, 2019 (subject to the business day convention) | Monthly, beginning September 15, 2019 (subject to the business day convention) | Monthly, beginning September 15, 2019 (subject to the business day convention) | Monthly, beginning September 15, 2019 (subject to the business day convention) | ||||
Weighted Average Life(2) | 0.37 | 1.18 | 2.48 | 3.56 | ||||
CUSIP | 477870 AA7 | 477870 AB5 | 477870 AC3 | 477870 AD1 | ||||
| (1) | Subject to the considerations set forth in the preliminary prospectus, the Notes are generally eligible for purchase by or on behalf of employee benefit plans subject to the Employee Retirement Income Security Act of 1974, as amended, and other similar retirement plans and arrangements that are subject to Section 4975 of the Internal Revenue Code of 1986, as amended. |
| (2) | Pricing speed: 14% CPR (with a 10%clean-up call). |
Trade Date: July 16, 2019
Expected Settlement Date: July 24, 2019
Initial Note Value: $1,078,002,547.62 (discount rate: 5.35%)
Initial Overcollateralization Amount: $26,952,548
Initial Reserve Account Deposit: $10,780,025
Specified Reserve Account Balance: $10,780,025
| RBC | Barclays | MUFG |
| Credit Agricole Securities | TD Securities |
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 Depositor, the issuing entity, 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 calling1-866-375-6829.
This free writing prospectus does not contain all information that is required to be included in the prospectus.
