Free Writing Prospectus
Dated April 17, 2024
Filed Pursuant to Rule 433(d)
Registration No. 333-260819
Registration No. 333-260819-10
*PRICING DETAILS* $1.60bn CarMax Auto Owner Trust 2024-2 (CARMX 2024-2) Prime Auto Loan ABS
Joint Leads: | MUFG (str), BofA, Mizuho, SMBC | |
Co-Managers: | CIBC, RBC and Truist | |
D&I Co-Managers: | Academy Securities, Ramirez & Co. Inc. |
ANTICIPATED CAPITAL STRUCTURE
CLS | SZ($mm) | WAL | S&P/FTCH* | P.WIN | E.FIN | L.FIN | BENCH | SPRD | YLD | CPN | PX | |||||||||||||||||||||||||||||
A-1 | 309.000 | 0.28 | A-1+/F1+ | 1-7 | 11/24 | 05/25 | I-CURV | +13 | 5.532 | 5.532 | 100.00000 | |||||||||||||||||||||||||||||
A-2A | 410.000 | 1.13 | AAA/AAA | 7-22 | 02/26 | 05/27 | I-CURV | +58 | 5.721 | 5.65 | 99.99590 | |||||||||||||||||||||||||||||
A-2B | 125.000 | 1.13 | AAA/AAA | 7-22 | 11/27 | 05/27 | SOFR30A | +58 | 100.00000 | |||||||||||||||||||||||||||||||
A-3 | 535.000 | 2.58 | AAA/AAA | 22-43 | 03/28 | 01/29 | I-CURV | +72 | 5.565 | 5.50 | 99.99649 | |||||||||||||||||||||||||||||
A-4 | 88.790 | 3.74 | AAA/AAA | 43-47 | 03/28 | 11/29 | I-CURV | +85 | 5.577 | 5.51 | 99.98915 | |||||||||||||||||||||||||||||
B | 50.790 | 3.89 | AA/AA | 47-47 | 03/28 | 11/29 | I-CURV | +105 | 5.766 | 5.69 | 99.97261 | |||||||||||||||||||||||||||||
C | 48.370 | 3.89 | A/A | 47-47 | 03/28 | 12/29 | I-CURV | +120 | 5.916 | 5.84 | 99.98505 | |||||||||||||||||||||||||||||
D | 33.050 | 3.89 | BBB/BBB | 47-47 | 03/28 | 10/30 | I-CURV | +180 | 6.516 | 6.42 | 99.96847 | |||||||||||||||||||||||||||||
* Expected Ratings
-TRANSACTION DETAILS-
BBG Ticker : | CARMX 2024-2 | |
Deal Size : | $1.60bn | |
Format : | SEC Registered | |
Exp. Ratings : | S&P / Fitch | |
ERISA : | Yes | |
Risk Retention : | US RR = Yes, EU RR = No | |
Min Denoms : | $5k x $1k | |
Pxing Speed : | 1.30% ABS to Call | |
Expected Pricing : | PRICED | |
Expected Settle : | 04/24/2024 | |
First Pay Date : | 05/15/2024 | |
B&D : | MUFG |
-ATTACHMENTS-
Preliminary Prospectus, FWP, CDI (attached)
Dealroadshow : | https://dealroadshow.com Entry Code (Case Sensitive) : CARMX24-2 | |
Direct Link : | https://dealroadshow.com/e/CARMX24-2 | |
Intex Deal name : | mitcarmx_20242_base / Password: V7AV | |
| SSAP : | CARMAX24-2 |
-CUSIPs-
A-1 | 14319EAA4 | |
A-2A | 14319EAC0 | |
A-2B | 14319EAD8 | |
A-3 | 14319EAE6 | |
A-4 | 14319EAF3 | |
B | 14319EAG1 | |
C | 14319EAH9 | |
D | 14319EAJ5 |
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 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, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-877-649-6848.
