Filed pursuant to Rule 433(d)
Registration Nos. 333-228964 and 333-228964-06
FINAL TERM SHEET, dated March 10, 2022
$1,224,026,000
John Deere Owner Trust 2022
Issuing Entity
$312,472,000 | Class A-1 | 0.88886% Asset Backed Notes | ||
$387,877,000 | Class A-2 | 1.90% Asset Backed Notes | ||
$437,682,000 | Class A-3 | 2.32% Asset Backed Notes | ||
$85,995,000 | Class A-4 | 2.49% Asset Backed Notes |
John Deere Receivables LLC, Seller and Depositor
John Deere Capital Corporation, Sponsor and Servicer
Class A-1 Notes(1) | Class A-2 Notes(1) | Class A-3 Notes(1) | Class A-4 Notes(1) | |||||
Principal Amount | $312,472,000 | $387,877,000 | $437,682,000 | $85,995,000 | ||||
Per Annum Interest Rate | 0.88886% | 1.90% | 2.32% | 2.49% | ||||
Final Scheduled Payment Date | March 15, 2023 | October 15, 2024 | September 15, 2026 | January 16, 2029 | ||||
Initial Public Offering Price | 100.00000% | 99.99453% | 99.97788% | 99.99015% | ||||
Ratings (Moody’s/Fitch) | P-1/F1+ | Aaa/AAA | Aaa/AAA | Aaa/AAA | ||||
Payment Date | Monthly, beginning April 15, 2022 (subject to the business day convention) | Monthly, beginning April 15, 2022 (subject to the business day convention) | Monthly, beginning April 15, 2022 (subject to the business day convention) | Monthly, beginning April 15, 2022 (subject to the business day convention) | ||||
Weighted Average Life(2) | 0.28 | 1.02 | 2.36 | 3.41 | ||||
CUSIP | 47787J AA6 | 47787J AB4 | 47787J AC2 | 47787J AD0 |
(1) | Subject to the considerations set forth in the preliminary prospectus, the Notes are generally eligible for purchase by or on behalf of employee benefit plans subject to the Employee Retirement Income Security Act of 1974, as amended, and other similar retirement plans and arrangements that are subject to Section 4975 of the Internal Revenue Code of 1986, as amended. |
(2) | Pricing speed: 16% CPR (with a 10% clean-up call). |
Trade Date: March 10, 2022 |
Expected Settlement Date: March 16, 2022 |
Initial Note Value: $1,255,411,597.57 (discount rate: 5.10%) |
Initial Overcollateralization Amount: $31,385,598 |
Initial Reserve Account Deposit: $12,554,116 |
Specified Reserve Account Balance: $12,554,116 |
BofA Securities | Citigroup | HSBC | RBC Capital Markets | |||
Barclays | TD Securities |
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 get these documents for free by visiting EDGAR on the SEC Website at www.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 1-800-294-1322.
This free writing prospectus does not contain all information that is required to be included in the prospectus.