Free Writing Prospectus
Filed Pursuant to Rule 433
Dated November 17, 2022
Registration Statement Nos. 333-258040 and
333-258040-04
**PRICING DETAILS** $1.315+bln Ford Credit Auto Owner Trust 2022-D (FORDO 2022-D)
Active Joint Lead Bookrunners: J.P. Morgan (struc), Citigroup, Scotiabank
Passive Lead Bookrunners : Credit Agricole, Credit Suisse
Co-Managers : UniCredit, US Bank
Active D&I Co-Managers : AmeriVet Securities, Roberts & Ryan
CL | AMT ($MM) | WAL | MDY/F | P.WIN | E.FNL | L.FNL | SPREAD | YLD% | CPN% | $PX |
A-1 | 254.320 | 0.26 | P-1/F1+ | 1-6 | 05/23 | 12/23 | I-Curve+33 | 4.594 | 4.594 | 100.00000 |
A-2A | 300.340 | 0.99 | Aaa/AAA | 6-19 | 06/24 | 08/25 | I-Curve+76 | 5.438 | 5.37 | 99.99311 |
A-2B | 160.000 | 0.99 | Aaa/AAA | 6-19 | 06/24 | 08/25 | SOFR30A+76 | 100.00000 | ||
A-3 | 460.340 | 2.30 | Aaa/AAA | 19-39 | 02/26 | 05/27 | I-Curve+95 | 5.335 | 5.27 | 99.98585 |
A-4 | 75.000 | 3.43 | Aaa/AAA | 39-42 | 05/26 | 03/28 | I-Curve+120 | 5.364 | 5.30 | 99.98447 |
B | 39.480 | 3.48 | Aa1/AA+ | 42-42 | 05/26 | 06/28 | I-Curve+190 | 6.056 | 5.98 | 99.99716 |
C | 26.300 | 3.48 | A1/A+ | 42-42 | 05/26 | 05/30 | I-Curve+240 | 6.556 | 6.46 | 99.97473 |
Expected Settle | : 11/22/22 | Registration | : SEC Registered |
First Pay Date | : 12/15/22 | ERISA Eligible | : Yes |
Expected Ratings | : Moody's, Fitch | Px Speed | : 1.30% ABS to 10% Clean-Up Call |
Ticker | : FORDO 2022-D | Min Denoms | : $1k x $1k |
Bill & Deliver | : J.P. Morgan | ||
Expected Pricing | : Priced | Priced Available Information | : |
CUSIPs : A-1 345295AA7 | * Preliminary Prospectus : Attached | ||
A-2A 345295AB5 | * Ratings FWP : Attached | ||
A-2B 345295AC3 | * IntexNet/CDI : See separate message | ||
A-3 345295AD1 | |||
A-4 345295AE9 | |||
B 345295AF6 | |||
C 345295AG4 |
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.