Free Writing Prospectus
Dated January 14, 2020
Filed Pursuant to Rule 433(d)
RegistrationNo. 333-228379
RegistrationNo. 333-228379-05
$1,549,990,000 CarMax Auto Owner Trust2020-1
Jt-Leads: BofA (str), CS, RBC, TD
Co-mgrs: Miz, MUFG, SMBC, Scotia
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| CL | | AMT($MM) | | WAL | | S&P/FITCH | | WNDW | | E.FINAL | | L.FINAL | | BENCH | | SPRD | | YLD | | CPN | | $PRICE |
A-1 | | 291.00 | | 0.29 | | A-1+/F1+ | | 1-7 | | 8/20 | | 1/15/21 | | ILIB | | -7 | | 1.77613 | | | | 100.0000 |
A-2 | | 554.80 | | 1.20 | | AAA/AAA | | 7-23 | | 12/21 | | 4/17/23 | | EDSF | | +19 | | 1.883 | | 1.87 | | 99.99334 |
A-3 | | 490.30 | | 2.70 | | AAA/AAA | | 23-44 | | 9/23 | | 12/16/24 | | IntS | | +29 | | 1.905 | | 1.89 | | 99.98038 |
A-4 | | 115.20 | | 3.88 | | AAA/AAA | | 44-48 | | 1/24 | | 6/16/25 | | IntS | | +44 | | 2.048 | | 2.03 | | 99.96533 |
B | | 37.29 | | 3.98 | | AA/AA | | 48-48 | | 1/24 | | 9/15/25 | | IntS | | +62 | | 2.228 | | 2.21 | | 99.97061 |
C | | 35.00 | | 3.98 | | A/A | | 48-48 | | 1/24 | | 11/17/25 | | IntS | | +75 | | 2.358 | | 2.34 | | 99.97536 |
D | | 26.40 | | 3.98 | | BBB/BBB | | 48-48 | | 1/24 | | 7/15/26 | | IntS | | +105 | | 2.658 | | 2.64 | | 99.98721 |
BILL & DELIVER : BofA BBG TICKER : CARMX2020-1
EXPECTED RATINGS : S&P/Fitch REGISTRATION : PUBLIC
EXPECTED PRICING : 1/14/20 FIRST PAY DATE: 02/18/20
EXPECTED SETTLE : 1/22/20 PXG SPEED : 1.3% ABS to 10% CALL
ERISA ELIGIBLE : YES DENOMS : $5k/$1k
www.Dealroadshow.com CARMX20201 INTEXNET :bascarmx2020-1 XVJ4
CUSIP
A1 14315XAA6
A2 14315XAB4
A3 14315XAC2
A4 14315XAD0
B 14315XAE8
C 14315XAF5
D 14315XAG3
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The issuer 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 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-free1-800-294-1322 or you maye-mail a request to dg.prospectus_request@baml.com. The securities may not be suitable for all investors. BofA Securities, Inc 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.
