Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Number 333-223639
Ford Motor Credit Company LLC
Final Term Sheet
5.113% Notes due 2029
Issuer: |
| Ford Motor Credit Company LLC |
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Trade Date: |
| November 12, 2019 |
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Settlement Date: |
| November 15, 2019 (T+3) |
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Stated Maturity: |
| May 3, 2029 |
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Principal Amount: |
| $237,000,000 (for an aggregate outstanding principal amount of $1,487,00,000, together with the $1,250,000,000 principal amount of the 5.113% Notes due 2029 originally issued on May 3, 2019) |
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Interest Rate: |
| 5.113% |
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Benchmark Treasury: |
| 1.75% due November 15, 2029 |
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Benchmark Treasury Yield and Price: |
| 1.916%; 98-16 |
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Spread to Benchmark Treasury: |
| +318 basis points |
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Yield to Maturity: |
| 5.096% |
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Price to Public: |
| 100.124% of principal amount plus accrued interest from November 3, 2019 |
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Underwriting Discount: |
| 0.300% |
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Accrued Interest Payable to Issuer: |
| $403,927.00 accrued from and including November 3, 2019 to but excluding anticipated date of settlement, November 15, 2019 |
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Net Proceeds (Before Expenses) to Issuer: |
| $236,582,880 (99.824%) |
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Interest Payment Dates: |
| Semi-annually on each May 3 and November 3, beginning May 3, 2020 |
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Redemption Provision: |
| The Notes may be redeemed, in whole or in part, on or after February 3, 2029, the date that is three months prior to the maturity date at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest to the redemption date. |
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Joint Book-Running Managers: |
| J.P. Morgan Securities LLC |
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CUSIP/ISIN: |
| 345397ZR7 / US345397ZR75 |
It is expected that delivery of the Notes will be made against payment therefor on or about November 15, 2019, which will be the third business day following the date of pricing of the Notes (such settlement cycle being referred
to herein as “T+3”). Under Rule 15c6-1 pursuant to the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes on the date of pricing or the next succeeding business day will be required, by virtue of the fact that the Notes initially will settle in T+3, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of the Notes who wish to trade those Notes on the date of pricing should consult their own advisor.
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 J.P. Morgan Securities LLC at 1-212-834-4533 or Morgan Stanley & Co. LLC at 1-866-718-1649.