Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Number 333-223639
Ford Motor Credit Company LLC
Final Term Sheet
3.813% Notes due 2021
4.687% Notes due 2025
Floating Rate Notes due 2021
3.813% Notes due 2021
Issuer: |
| Ford Motor Credit Company LLC |
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Trade Date: |
| August 6, 2018 |
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Settlement Date: |
| August 9, 2018 (T+3) |
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Stated Maturity: |
| October 12, 2021 |
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Principal Amount: |
| $1,150,000,000 |
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Interest Rate: |
| 3.813% |
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Benchmark Treasury: |
| 2.625% due July 15, 2021 |
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Benchmark Treasury Yield and Price: |
| 2.733%; 99-22¼ |
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Spread to Benchmark Treasury: |
| +108 basis points |
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Yield to Maturity: |
| 3.813% |
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Price to Public: |
| 100.000% 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: |
| $1,147,125,000 (99.750%) |
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Interest Payment Dates: |
| Semi-annually on each April 12 and October 12, beginning October 12, 2018 (short first coupon) |
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Redemption Provision: |
| None. |
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Joint Book-Running Managers: |
| Credit Agricole Securities (USA) Inc. |
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Co-Managers: |
| BB Securities Ltd. |
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CUSIP/ISIN: |
| 345397ZH9 / US345397ZH93 |
4.687% Notes due 2025
Issuer: |
| Ford Motor Credit Company LLC |
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Trade Date: |
| August 6, 2018 |
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Settlement Date: |
| August 9, 2018 (T+3) |
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Stated Maturity: |
| June 9, 2025 |
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Principal Amount: |
| $600,000,000 |
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Interest Rate: |
| 4.687% |
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Benchmark Treasury: |
| 2.875% due July 31, 2025 |
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Benchmark Treasury Yield and Price: |
| 2.887%; 99-29+ |
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Spread to Benchmark Treasury: |
| +180 basis points |
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Yield to Maturity: |
| 4.687% |
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Price to Public: |
| 100.000% of principal amount plus accrued interest from the Settlement Date |
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Underwriting Discount: |
| 0.400% |
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Net Proceeds (Before Expenses) to Issuer: |
| $597,600,000 (99.600%) |
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Interest Payment Dates: |
| Semi-annually on each June 9 and December 9, beginning December 9, 2018 (short first coupon) |
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Redemption Provision: |
| The 2025 Notes may be redeemed, in whole or in part, on or after April 9, 2025, the date that is two months prior to the maturity date at a redemption price equal to 100% of the principal amount of the 2025 Notes to the redeemed, plus accrued and unpaid interest to the redemption date. |
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Joint Book-Running Managers: |
| Credit Agricole Securities (USA) Inc. |
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Co-Managers: |
| BB Securities Ltd. |
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CUSIP/ISIN: |
| 345397ZJ5 / US345397ZJ59 |
Floating Rate Notes due 2021
Issuer: |
| Ford Motor Credit Company LLC |
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Trade Date: |
| August 6, 2018 |
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Settlement Date: |
| August 9, 2018 (T+3) |
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Stated Maturity: |
| October 12, 2021 |
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Principal Amount: |
| $500,000,000 |
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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: |
| $498,750,000 (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: |
| +88 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: |
| An interpolated rate between Three-month USD LIBOR and Two-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 12, April 12, July 12 and October 12 of each year, commencing October 12, 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 12, April 12, July 12 and October 12 of each year, commencing October 12, 2018 (short first coupon) and ending on the Maturity Date |
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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: |
| Credit Agricole Securities (USA) Inc. |
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| Goldman Sachs & Co. LLC |
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Co-Managers: |
| BB Securities Ltd. |
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CUSIP/ISIN: |
| 345397ZG1 / US345397ZG11 |
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 Credit Agricole Securities (USA) Inc. at 1-866-807-6030, Credit Suisse Securities (USA) LLC at 1-800-221-1037, Goldman Sachs & Co. LLC at 1-866-471-2526 or at prospectus-ny@ny.email.gs.com, or HSBC Securities (USA) Inc. at 1-866-811-8049.