Filed pursuant to Rule 433(d)
Registration Nos. 333-264978 and 333-264978-02
FINAL TERM SHEET, dated October 12, 2022
$1,270,668,000
John Deere Owner Trust 2022-C
Issuing Entity
| $ | 310,000,000 | Class A-1 | 4.140% Asset Backed Notes |
| $ | 439,211,000 | Class A-2 | 4.98% Asset Backed Notes |
| $ | 439,211,000 | Class A-3 | 5.09% Asset Backed Notes |
| $ | 82,246,000 | Class A-4 | 5.20% Asset Backed Notes |
John Deere Receivables LLC, Seller and Depositor
John Deere Capital Corporation, Sponsor and Servicer
Class A-1 | Class A-2 | Class A-3 | Class A-4 | ||||
| Principal Amount | $310,000,000 | $439,211,000 | $439,211,000 | $82,246,000 | |||
| Per Annum Interest Rate | 4.140% | 4.98% | 5.09% | 5.20% | |||
| Final Scheduled Payment Date | October 16, 2023 | August 15, 2025 | June 15, 2027 | September 17, 2029 | |||
| Initial Public Offering Price | 100.00000% | 99.99642% | 99.99224% | 99.98497% | |||
Ratings (Moody’s/Fitch) | P-1/F1+ | Aaa/AAA | Aaa/AAA | Aaa/AAA | |||
| Payment Date | Monthly, beginning December 15, 2022 (subject to the business day convention) | Monthly, beginning December 15, 2022 (subject to the business day convention) | Monthly, beginning December 15, 2022 (subject to the business day convention) | Monthly, beginning December 15, 2022 (subject to the business day convention) | |||
| Weighted Average Life(2) | 0.33 | 1.13 | 2.54 | 3.49 | |||
| CUSIP | 47800B AA6 | 47800B AB4 | 47800B AC2 | 47800B 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: October 12, 2022 |
| Expected Settlement Date: October 19, 2022 |
| Initial Note Value: $1,303,249,391.71 (discount rate: 8.40%) |
| Initial Overcollateralization Amount: $32,581,392 |
| Initial Reserve Account Deposit: $13,032,494 |
| Specified Reserve Account Balance: $13,032,494 |
| Citigroup | BofA Securities | Credit Agricole Securities | MUFG |
| HSBC | RBC Capital Markets |
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 1-800-831-9146.
This free writing prospectus does not contain all information that is required to be included in the prospectus.
