Filed Pursuant to Rule 433
Registration No. 333-255899 and 333-255899-06
$1.25bn Nissan Auto Receivables 2024-A Owner Trust (NAROT)
Joint Leads: Mizuho (str), Lloyds, US Bank, Wells Fargo
Co-Mgrs: BNP, BofA, Citi, MUFG
-Anticipated Capital Structure-
CLS | $AMT(MM) | WAL | M/F ** | E.FIN | L.FIN | BNCH | SPRD | YLD% | CPN% | $PX | ||||||||||||||||||||||
A-1 | 279.000 | 0.27 | P-1/F1+ | 12/24 | 5/15/25 | I-CRV | +12 | 5.512 | 5.512 | 100.00000 | ||||||||||||||||||||||
A-2A | 145.000 | 1.01 | Aaa/AAA | 12/25 | 12/15/26 | I-CRV | +39 | 5.534 | 5.47 | 99.99896 | ||||||||||||||||||||||
A-2B | 293.000 | 1.01 | Aaa/AAA | 12/25 | 12/15/26 | SOFR | +38 | 100.00000 | ||||||||||||||||||||||||
A-3 | 438.000 | 2.26 | Aaa/AAA | 8/27 | 12/15/28 | I-CRV | +58 | 5.343 | 5.28 | 99.99066 | ||||||||||||||||||||||
A-4 | 95.000 | 3.62 | Aaa/AAA | 4/28 | 4/15/31 | I-CRV | +67 | 5.240 | 5.18 | 99.98800 | ||||||||||||||||||||||
** | Expected ratings |
Transaction Details:
* | Ticker: NAROT 2024-A |
* | Offered Size: $1.25bn |
* | Format: Public/SEC Registered |
* | Pricing speed: 1.30% ABS to 5% Call |
* | Expected Ratings: Moody’s/Fitch |
* | ERISA Eligible: Yes |
* | US RR: Yes |
* | EU RR Eligible: No |
* | Min denoms: $1k x $1k |
* | Expected Settlement: May 22, 2024 |
* | First Payment Date: June 17, 2024 |
* | Monthly Payment Date: 15th of each month or next business day |
* | Pricing: priced |
* | Bill and Deliver: Mizuho |
Available Information:
* | Preliminary Prospectus (Attached) |
* | Roadshow: www.dealroadshow.com |
Passcode: NAROT24A
* | Intex CDI Files (Attached) |
Intex Dealname: mznarot24a_base
Password: J494
Upsize CDI:
mznarot24a_upsize
password: X4AK
CUSIPS:
A1 65479UAA6
A2A 65479UAB4
A2B 65479UAC2
A3 65479UAD0
A4 65479UAE8
The issuer has filed a registration statement (including a base prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest in this offering, you should read the base 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 website at www.sec.gov. Alternatively, Mizuho will arrange to send you a prospectus at no charge if you request it by calling Toll Free: 866-271-7403