Free Writing Prospectus
Filed Pursuant to Rule 433
Dated June 18, 2024
Registration Statement Nos. 333-258040 and
333-258040-09
*PRICING DETAILS* $1.805+ Billion Ford (FORDO) 2024-B (Prime Auto Loan)
Active joint lead managers: BNP Paribas (struc), BMO, and RBC
Passive joint lead managers: Lloyds and MUFG
Passive co-managers: Unicredit and US Bancorp
Active co-managers: Loop and Roberts & Ryan
--Anticipated Capital Structure--
| CLS | SIZE ($mm) | WAL | M/S | P.WIN | E. FINAL | L. FINAL | BENCH | SPREAD | YLD (%) | CPN (%) | $PX | |||||||||||
| A-1 | 350.000 | 0.26 | P-1/A-1+ | 01-06 | 12/24 | 07/25 | I-CRV | +12 | 5.507 | 5.507 | 100.00000 | |||||||||||
| A-2-A | 323.350 | 1.03 | Aaa/AAA | 06-20 | 02/26 | 04/27 | I-CRV | +40 | 5.469 | 5.40 | 99.99252 | |||||||||||
| A-2-B | 330.000 | 1.03 | Aaa/AAA | 06-20 | 02/26 | 04/27 | SOFR30A | +40 | 100.00000 | |||||||||||||
| A-3 | 653.300 | 2.40 | Aaa/AAA | 20-41 | 11/27 | 04/29 | I-CRV | +56 | 5.155 | 5.10 | 99.99908 | |||||||||||
| A-4 | 93.350 | 3.59 | Aaa/AAA | 41-44 | 02/28 | 05/30 | I-CRV | +63 | 5.013 | 4.96 | 99.99547 | |||||||||||
| B | 55.260 | 3.64 | Aa1/AA | 44-44 | 02/28 | 05/30 | I-CRV | +91 | 5.288 | 5.23 | 99.99799 | |||||||||||
| C | 36.830 | 3.64 | <<Not Offered>> | |||||||||||||||||||
-- Transaction Details --
| * Offered Size | : $1,805,260,000 | |||
| * Bloomberg Ticker | : FORDO 2024-B | |||
| * Expected Ratings | : Moody's/S&P | |||
| * Format | : SEC Registered | |||
| * Pricing Speed | : 1.3% ABS to 10% Call | |||
| * Min. Denoms | : $1k x $1k | |||
| * Expected Pricing | : PRICED | |||
| * Expected Settlement | : 06/24/24 | |||
| * First Pay Date | : 07/15/24 | |||
| * ERISA | : Yes | |||
| * Bill & Deliver | : BNP Paribas | |||
| -- Available Materials -- | ||||
| * Preliminary Prospectus (attached) | ||||
| * Ratings FWP (attached) | ||||
| * Intex CDI (attached) | ||||
| * Intexnet | : Dealname | : bpfaot24b_mkt_upsize | ; Password | : 337v |
-- FORDO 2024-B CUSIPs / ISINs --
| - Class A-1 | : 34531Q AA7 / US34531QAA76 |
| - Class A-2-A | : 34531Q AB5 / US34531QAB59 |
| - Class A-2-B | : 34531Q AC3 / US34531QAC33 |
| - Class A-3 | : 34531Q AD1 / US34531QAD16 |
| - Class A-4 | : 34531Q AE9 / US34531QAE98 |
| - Class B | : 34531Q AF6 / US34531QAF63 |
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