Free Writing Prospectus
Filed Pursuant to Rule 433
Dated July 11, 2023
Registration Statement Nos. 333-262471 and 333-262471-02
This free writing prospectus is being filed solely for the purpose of correcting the minimum expected ratings assigned to the Class A-3 Notes by S&P Global Ratings.
AMENDING ORIGINAL MESSAGE - A-3 is rated AAA by S&P and Fitch
FULL PRICING | $1.5B BMW Prime Loan (BMWOT 2023-A)
Joint Bookrunners: TD Securities (str), MUFG Securities, and Wells Fargo
Co-Managers: Citigroup, USBancorp
CAPITAL STRUCTURE
| CLASS | AMT($MM) | WAL* | S/F** | P.WIN | E.FIN | L.FIN | BMARK | SPRD | CPN | YLD | Price
|
| A-1 | 350.00 | 0.26 | A-1+/F1+ | 1-6 | 01/24 | 07/24 | I-CRV | +19 | 5.593 | 5.593 | 100.00000 |
| A-2A | 345.00 | 1.01 | AAA/AAA | 6-18 | 01/25 | 04/26 | I-CRV | +43 | 5.720 | 5.793 | 99.99548 |
| A-2B | 180.00 | 1.01 | AAA/AAA | 6-18 | 01/25 | 04/26 | SOFR30A | +43 | FRN | | 100.00000 |
| A-3 | 525.00 | 2.30 | AAA/AAA | 18-40 | 11/26 | 02/28 | I-CRV | +76 | 5.470 | 5.541 | 99.98228 |
| A-4 | 100.00 | 3.62 | AAA/AAA | 40-45 | 04/27 | 11/29 | I-CRV | +86 | 5.250 | 5.313 | 99.98284
|
* Assumes 1.40% ABS prepayment speed and priced to 5% clean up call
** Minimum Expected Ratings
TRANSACTION DETAILS
- Timing: Priced
- Offered Deal Size: $1,500,000,000
- Format: SEC Registered
- Ticker: BMWOT 2023-A
- Expected Ratings: S&P / Fitch
- Expected Settle: 07/18/23
- First Pay: 08/25/23
- ERISA Eligible: Yes
- EU & UK RR Compliant: No
- Minimum Denoms: $1,000 x $1,000
- Billing & Delivery: TD Securities
AVAILABLE MATERIALS
- Preliminary Prospectus & FWP Attached
- IntexNet/CDI: tdabsbmwot23a_base, Passcode: YV39
SECURITY IDENTIFIERS
| CLASS | CUSIP | ISIN |
| A-1 | 05592XAA8 | US05592XAA81 |
| A-2A | 05592XAB6 | US05592XAB64 |
| A-2B | 05592XAC4 | US05592XAC48 |
| A-3 | 05592XAD2 | US05592XAD21 |
| A-4 | 05592XAE0 | US05592XAE04 |
BMW FS Securities LLC 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 the other documents BMW FS Securities LLC has filed with the SEC for more complete information about BMW FS Securities LLC, BMW Vehicle Owner Trust 2023-A and this offering. You may get these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, BMW FS Securities LLC, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling 1-855-495-9846.
