Free Writing Prospectus
Filed Pursuant to Rule 433
Dated September 10, 2019
Registration Statement Nos. 333-229836 and 333-229836-01
**PX DETAILS** $1.25BN BMW PRIME AUTO (BMWOT 2019-A)
Joint Bookrunners: Barclays (str), TD, Wells Fargo
Co-Managers: BNP Paribas, HSBC, RBC
Anticipated Capital Structure:
CL | SZ($MM) | WAL | P. Win | L. Fnl | F/S | BENCH | Spd | YLD | Cpn | Price |
A-1 | 265.000 | 0.24 | 1-5 | 09/20 | F1+/A-1+ | IntL | – 2 | 2.11124% | 2.11124% | 100 |
A-2 | 443.000 | 0.95 | 5-18 | 05/22 | AAA/AAA | EDSF | + 19 | 2.061% | 2.05% | 99.99789 |
A-3 | 442.000 | 2.19 | 18-37 | 01/24 | AAA/AAA | IntS | + 29 | 1.934% | 1.92% | 99.98656 |
A-4 | 100.000 | 3.43 | 37-43 | 01/26 | AAA/AAA | IntS | + 41 | 1.961% | 1.95% | 99.98989 |
Expected Settle: | 09/18/19 | Registration: | SEC-Registered
|
First Pay Date: | 10/25/19 | ERISA Eligible: | Yes
|
Expected Ratings: | Fitch, S&P | Min Denoms: | $1k x $1k
|
Ticker: | BMWOT 2019-A | Bill & Deliver: | Barclays |
Expected Pricing: | PRICED | Pricing Speed: | 1.4% ABS 5% CALL |
-Available Materials-
* Preliminary Prospectus and Ratings FWP: (attached)
* IntexNet / CDI: bcgbmwot_2019-a_preprice | Pwd: 42JY
THE ISSUER HAS FILED A REGISTRATION STATEMENT (INCLUDING A PROSPECTUS) WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION (SEC) FOR THIS OFFERING. BEFORE YOU INVEST, YOU SHOULD READ THE PROSPECTUS FOR THIS OFFERING IN THAT REGISTRATION STATEMENT, AND OTHER DOCUMENTS THAT 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 SEARCHING THE SEC ONLINE DATABASE (EDGAR) AT WWW.SEC.GOV. ALTERNATIVELY, YOU MAY OBTAIN A COPY OF THE PROSPECTUS FROM BARCLAYS CAPITAL INC. BY CALLING 1-888-603-5847.