Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement Nos. 333-228592-04
and 333-228592
Free Writing Prospectus dated November 13, 2019
Honda Auto Receivables 2019-4 Owner Trust,
Issuing Entity
American Honda Receivables LLC,
Depositor
American Honda Finance Corporation,
Sponsor, Originator, Servicer and Administrator
The depositor has prepared a preliminary prospectus dated November 13, 2019, which describes the notes issued by the issuing entity. You should review the preliminary prospectus in its entirety before deciding to purchase any of the notes.
Ratings
The depositor expects that the class A-1 notes, the class A-2 notes, the class A-3 notes and the class A-4 notes offered by the issuing entity (the “underwritten notes”) will receive the indicated ratings from Fitch Ratings, Inc. (“Fitch”) and S&P Global Ratings, a division of S&P Global (“S&P”) listed below.
| Fitch | S&P | |||
| Class A-1 Notes | F1+sf | A-1+(sf) | ||
| Class A-2 Notes | AAAsf | AAA(sf) | ||
| Class A-3 Notes | AAAsf | AAA(sf) | ||
| Class A-4 Notes | AAAsf | AAA(sf) |
It is a condition to the issuance of the notes that each of the underwritten notes receives at least the ratings listed above.
Joint Bookrunners of the Underwritten Notes
| Citigroup | Deutsche Bank Securities | Wells Fargo Securities |
| Co-Managers of the Underwritten Notes |
| ANZ Securities | J.P. Morgan | TD Securities | US Bancorp |
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 receive these documents for free by visiting EDGAR on the SEC web site atwww.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 toll-free at 1-800-831-9146 or by emailing prospectus@citi.com.