Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Number 333-202789
Ford Motor Credit Company LLC
Final Term Sheet
3.470% Notes due 2021
Floating Rate Notes due 2021
3.470% Notes due 2021
Issuer: | Ford Motor Credit Company LLC |
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Trade Date: | February 28, 2018 |
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Settlement Date: | March 5, 2018 (T+3) |
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Stated Maturity: | April 5, 2021 |
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Principal Amount: | $500,000,000 |
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Interest Rate: | 3.470% |
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Benchmark Treasury: | 2.250% due February 15, 2021 |
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Benchmark Treasury Yield and Price: | 2.423%; 99-16 ¼ |
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Spread to Benchmark Treasury: | +105 basis points |
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Yield to Maturity: | 3.473% |
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Price to Public: | 99.988% of principal amount plus accrued interest from the Settlement Date |
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Underwriting Discount: | 0.250% |
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Net Proceeds (Before Expenses) to Issuer: | $498,690,000 (99.738%) |
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Interest Payment Dates: | Semi-annually on each April 5 and October 5, beginning October 5, 2018 |
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Redemption Provision: | None. |
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Joint Book-Running Managers: | Barclays Capital Inc. |
| Citigroup Global Markets Inc. |
| J.P. Morgan Securities LLC |
| SMBC Nikko Securities America, Inc. |
| Credit Suisse Securities (USA) LLC |
| Goldman Sachs & Co. LLC |
| Morgan Stanley & Co. LLC |
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CUSIP/ISIN: | 345397YZ0 / US345397YZ01 |
Floating Rate Notes due 2021
Issuer: | Ford Motor Credit Company LLC |
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Trade Date: | February 28, 2018 |
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Settlement Date: | March 5, 2018 (T+3) |
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Stated Maturity: | April 5, 2021 |
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Principal Amount: | $250,000,000 |
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Price to Public: | 100.000% plus accrued interest from the Settlement Date |
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Underwriting Discount: | 0.250% |
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Net Proceeds (Before Expenses) to Issuer: | $249,375,000 (99.750%) |
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Interest Rate Basis: | Three-Month USD LIBOR |
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LIBOR Currency: | US dollars |
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Spread: | +81 basis points |
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Index Maturity: | Three months |
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Interest Rate Calculation: | Three-month USD LIBOR determined on the Interest Determination Date plus the Spread |
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Initial Interest Rate: | Three-month USD LIBOR as of two London Business Days prior to the Settlement Date plus the Spread |
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Interest Reset Dates: | Quarterly on January 5, April 5, July 5 and October 5 of each year prior to the Maturity Date, commencing July 5, 2018 |
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Interest Determination Dates: | Quarterly, two London Business Days prior to each Interest Reset Date |
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Interest Payment Dates: | Interest will be paid quarterly on January 5, April 5, July 5 and October 5 of each year, commencing July 5, 2018 and ending on the Maturity Date (long first coupon) |
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Interest Payment Date Convention: | Modified Following, Adjusted |
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Day Count Convention: | Actual/360 |
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Denominations: | Minimum denominations of $200,000 with increments of $1,000 thereafter |
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Joint Book-Running Managers: | Barclays Capital Inc. |
| Citigroup Global Markets Inc. |
| J.P. Morgan Securities LLC |
| SMBC Nikko Securities America, Inc. |
| Credit Suisse Securities (USA) LLC |
| Goldman Sachs & Co. LLC |
| Morgan Stanley & Co. LLC |
CUSIP/ISIN: | 345397YY3 / US345397YY36 |
The issuer has filed a registration statement, including a prospectus and a preliminary prospectus supplement, with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus and the preliminary prospectus supplement 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, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and the preliminary prospectus supplement (or, if available, the prospectus supplement) if you request it by calling Barclays Capital Inc. at 1-888-603-5847, Citigroup Global Markets Inc. at 1-800-831-9146, J.P. Morgan Securities LLC at 1-212-834-4533 and SMBC Nikko Securities America, Inc. at 1-888-868-6856.