Free Writing Prospectus
Filed Pursuant to Rule 433
Dated January 22, 2020
Registration Statement Nos. 333-231819 and 333-231819-04
$1.05+ billion Ford Credit Auto Lease Trust (FORDL) 2020-A
Active Joint-Leads : Barclays (str), Mizuho, TD
Passive Joint-Leads : BofA Securities, Credit Suisse
Co-managers : Commerzbank, US Bank
Selling Group : Academy Securities, Great Pacific Securities
-Anticipated Capital Structure-
CLS | | $AMT(MM) | | WAL | | S&P/F | | E. FNL | | L. FNL | | BNCH | | SPRD | | YLD% | | CPN% | | PRICE |
A1 | | 190.000 | | 0.32 | | A-1+/F1+ | | 9/20 | | 2/21 | | IntL | | - 8 | | 1.72753% | | 1.72753% | | 100.00000 |
A2 | | 382.000 | | 1.10 | | AAA/AAA | | 07/21 | | 07/22 | | EDSF | | + 14 | | 1.812% | | 1.80% | | 99.99435 |
A3 | | 353.000 | | 1.75 | | AAA/AAA | | 03/22 | | 03/23 | | EDSF | | + 25 | | 1.860% | | 1.85% | | 99.99514 |
A4 | | 75.000 | | 2.22 | | AAA/AAA | | 05/22 | | 05/23 | | IntS | | + 30 | | 1.897% | | 1.88% | | 99.97928 |
B | | 56.200 | | 2.38 | | AA+/AA | | 07/22 | | 06/23 | | IntS | | + 47 | | 2.063% | | 2.05% | | 99.99032 |
C | | 52.400 | | **NOT OFFERED** |
Expected Pricing | : PRICED | Ticker | : FORDL 2020-A |
Expected Settle | : 01/28/2020 | Registration | : SEC-Reg |
First Payment | : 02/18/2020 | ERISA | : Yes |
Expected Ratings | : S&P, Fitch | Pxing Speed | : 100 PPC |
Bill & Deliver | : Barclays | Min Denoms | : $1k x $1k |
| | | |
-Available Materials- | | | |
*Intexnet | : bcgfcalt_2020-a_preprice | | |
Passcode | : 6KBY | | |
*Attached | : Prelim Prospectus, FWP | | |
*Roadshow | : www.dealroadshow.com | | |
Passcode | : FORDL20A | | |
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.
