Free Writing Prospectus
Filing Pursuant to Rule 433
Filed on February 8, 2023
Registration Statement No. 333-261801-04
ABS: $1.5+B GMALT 2023-1 (Prime Auto Lease) - Pricing Details
Joint-Bookrunners: Wells Fargo (struc), BMO, BNP, SMBC, and Societe Generale
Co-Managers: Barclays, Loop Capital Markets, Mizuho, TD
CLS | TOTAL(MM) | WAL | S&P/Fitch* | BENCH | SPD | YLD% | CPN% | $PRICE | ||||||||||
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A-1 | 225.060 | 0.29 | A-1+/F1+ | I-Cur | +20 | 4.948 | 4.948 | 100.00000 | ||||||||||
A-2-A | 427.000 | 1.09 | AAA/AAA | I-Cur | +53 | 5.336 | 5.270 | 99.99183 | ||||||||||
A-2-B | 125.000 | 1.09 | AAA/AAA | SOFR30A | +55 | 100.00000 | ||||||||||||
A-3 | 488.000 | 1.92 | AAA/AAA | I-Cur | +76 | 5.225 | 5.160 | 99.98346 | ||||||||||
A-4 | 94.270 | 2.37 | AAA/AAA | I-Cur | +91 | 5.220 | 5.160 | 99.99069 | ||||||||||
B | 72.900 | 2.48 | AA/AA | I-Cur | +130 | 5.574 | 5.510 | 99.99902 | ||||||||||
C | 67.900 | 2.60 | A/A | I-Cur | +160 | 5.834 | 5.760 | 99.98939 | ||||||||||
D | 41.900 | **RETAINED** | ||||||||||||||||
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* Minimum expected ratings
-TRANSACTION DETAILS-
Offered Size : | $1,500,130,000 | |
Min Denoms: | $1k x $1k | |
Registration : | SEC Registered | |
ERISA Eligible : | Yes | |
Expected Settlement : | 2/16/2023 | |
First Payment : | 3/20/2023 | |
Expected Ratings : | S&P/Fitch | |
Bloomberg Ticker : | GMALT 2023-1 | |
Risk Retention : | US | |
B&D: | Wells Fargo |
-MARKETING MATERIALS-
Preliminary Prospectus, FWP, CDI: Attached
Intex: Dealname: wsgmal2301 | Password: 7KVJ
DealRoadshow: https://dealroadshow.com
Password (Case Sensitive): GMALT20231
The issuer has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (SEC) for this offering. Before you invest, you should read the prospectus for this offering in that registration statement, and other documents that 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 searching the SEC online database (EDGAR) at www.sec.gov. Alternatively, you may obtain a copy of the prospectus from Wells Fargo Securities, LLC by calling 1-800-326-5897.