Free Writing Prospectus
Filed Pursuant to Rule 433
Dated May 7, 2020
Registration Statement Nos. 333-225949 and
333-225949-05
**PRICING DETAILS** $841+mm Ford Credit Auto Owner Trust 2020-A (FORDO 2020-A)
Active Leads: J.P. Morgan (struc), BNP, DB, RBC
Passive Leads: Scotia, SMBC
Co-Managers: Banco do Brasil Securities, US Bancorp
Selling Groups: Loop Capital, Mischler Financial
CL | | $AMT(MM) | | WAL | | MDY/F | | P.WIN | | E.FIN | | L.FIN | | SPREAD | | YLD% | | CPN% | | $PX | |
A-1 | | 140.00 | | 0.18 | | P-1/F1+ | | 1-4 | | 09/20 | | 05/21 | | IntL-10 | | 0.26711 | | 0.26711 | | 100.00000 | |
A-2 | | 274.50 | | 0.81 | | Aaa/AAA | | 4-16 | | 09/21 | | 10/22 | | EDSF+75 | | 1.03800 | | 1.03000 | | 99.99535 | |
A-3 | | 314.50 | | 2.06 | | Aaa/AAA | | 16-36 | | 05/23 | | 08/24 | | IntS+80 | | 1.05100 | | 1.04000 | | 99.98229 | |
A-4 | | 70.70 | | 3.27 | | Aaa/AAA | | 36-41 | | 10/23 | | 07/25 | | IntS+110 | | 1.36300 | | 1.35000 | | 99.97079 | |
B | | 25.27 | | 3.43 | | Aa1/AA | | 41-41 | | 10/23 | | 09/25 | | IntS+180 | | 2.06800 | | 2.05000 | | 99.96976 | |
C | | 16.84 | | 3.43 | | Aa2/A | | 41-41 | | 10/23 | | 10/26 | | IntS+325 | | 3.51800 | | 3.49000 | | 99.99193 | |
Expected Settle | : | 05/12/20 | Registration | : | SEC Registered |
First Pay Date | : | 06/15/20 | ERISA Eligible | : | Yes |
Expected Ratings | : | Moody’s, Fitch | Min Denoms | : | $1k x $1k |
Ticker | : | FORDO 2020-A | Pxing Speed | : | 1.3 ABS to 10% Call |
ABS-15G Filing | : | Thurs, 04/30/20 | Bill & Deliver | : | J.P. Morgan |
Expected Pricing | : | PRICED | | | |
| | | | | |
CUSIPS A-1 | : | 34528GAH9 | Available Information: | | |
A-2 | : | 34528GAJ5 | * Prelim Prospectus | : | Attached |
A-3 | : | 34528GAK2 | * Ratings FWP | : | Attached |
A-4 | : | 34528GAL0 | * IntexNet/CDI | : | Separate Message |
B | : | 34528GAM8 | | | |
C | : | 34528GAN6 | | | |
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 800-408-1016 or by emailing the ABS Syndicate Desk at abs_synd@jpmorgan.com.
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This notice does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction where such offer or solicitation would be unlawful, and does not constitute an offer to sell or a solicitation of an offer to buy or an advertisement in respect of securities in any province or territory of Canada other than the provinces of Ontario, Quebec, Alberta, British Columbia, Nova Scotia and New Brunswick unless the issuer has securities listed or quoted on one of the exchanges or markets referred to in the definition of “OTC Issuer” in Multilateral Instrument 51-105.
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No EEA Retail sales/No PRIIPs KID
