Free Writing Prospectus
Filed Pursuant to Rule 433
Dated January 20, 2021
Registration Statement Nos. 333-231819 and 333-231819-06
*Full Pxing* $1,403.36mm Ford Credit Auto Lease Trust 2021-A (FORDL 2021-A)
Active Joint-Leads: Citigroup (Str.), Credit Agricole, Lloyds; Passive Joint-Leads: Deutsche Bank, Mizuho
Co-Managers: Santander, US Bank, Great Pac, Seelaus
CLS | AMT($MM) | WAL* | F/M | P.WIN | E.FNL | L.FNL | BENCH | SPRD | YLD | CPN | $PX |
A-1 | 179.000 | 0.24 | F1+/P-1 | 1-6 | 07/2021 | 02/2022 | IntL | (6) | 0.15602 | 0.15602 | 100.00000 |
A-2 | 515.000 | 1.01 | AAA/Aaa | 6-18 | 07/2022 | 07/2023 | EDSF | 1 | 0.197 | 0.19 | 99.99300 |
A-3 | 456.250 | 1.77 | AAA/Aaa | 18-25 | 02/2023 | 02/2024 | EDSF | 7 | 0.267 | 0.26 | 99.98793 |
A-4 | 99.750 | 2.13 | AAA/Aaa | 25-27 | 04/2023 | 04/2024 | IntS | 9 | 0.305 | 0.30 | 99.98980 |
B | 86.840 | 2.31 | AA/Aa1 | 27-29 | 06/2023 | 05/2024 | IntS | 25 | 0.477 | 0.47 | 99.98500 |
C | 66.520 | 2.43 | A/Aa2 | 29-30 | 07/2023 | 09/2025 | IntS | 55 | 0.785 | 0.78 | 99.99105 |
*WAL to Maturity
-- Deal Summary --
Offered Size | : $1,403,360,000 (no grow) |
|
|
Settle | : 01/25/2021 |
|
|
Offering Format | : Public / SEC Registered |
|
|
First Pay Date | : 02/16/2021 |
|
|
ERISA Eligible | : Yes |
|
|
Ratings | : Fitch/Moody’s |
|
|
Min Denoms | : $1K x $1K |
|
|
BBG Ticker | : FORDL 2021-A |
|
|
B&D | : Citi |
|
|
|
|
|
|
-- Available Materials -- |
|
| |
|
|
| |
Preliminary Offering Memorandum (attached) |
|
| |
Intex CDI file (attached) |
|
| |
Intexnet dealname: xFCAT21A; password: 2A92 |
|
| |
|
|
| |
CUSIP/ISIN |
|
| |
|
|
| |
A1 : 34532Q AA6 / US34532QAA67 |
|
| |
A2 : 34532Q AB4 / US34532QAB41 |
|
| |
A3 : 34532Q AC2 / US34532QAC24 |
|
| |
A4 : 34532Q AD0 / US34532QAD07 |
|
| |
B : 34532Q AE8 / US34532QAE89 |
|
| |
C : 34532Q AF5 / US34532QAF54 |
|
| |
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 Website 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-free 1-800-831-9146. Any legends, disclaimers or notices that appear below are not applicable to this message and should be disregarded. Such text has been automatically generated via bloomberg or another system.