Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Number 333-223639
Ford Motor Credit Company LLC
Final Term Sheet
2.900% Notes due 2028
2.900% Notes due 2028 |
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Issuer: |
| Ford Motor Credit Company LLC |
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Trade Date: |
| February 10, 2021 |
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Settlement Date: |
| February 16, 2021 (T+3) |
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Stated Maturity: |
| February 16, 2028 |
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Principal Amount: |
| $750,000,000 |
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Interest Rate: |
| 2.900% |
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Benchmark Treasury: |
| 0.750% due January 31, 2028 |
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Benchmark Treasury Yield and Price: |
| 0.803% / 99-20+ |
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Yield to Maturity: |
| 2.900% |
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Price to Public: |
| 100.000% of principal amount plus accrued interest from February 16, 2021 |
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Underwriting Discount: |
| 0.825% |
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Net Proceeds (Before Expenses) to Issuer: |
| $743,812,500 (99.175%) |
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Interest Payment Dates: |
| Semi-annually on each February 16 and August 16, beginning August 16, 2021 |
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Redemption Provision: |
| Make-Whole Call: Prior to December 16, 2027 (two months prior to maturity date), at greater of par and make-whole at discount rate of Adjusted Treasury Rate plus 35 basis points |
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Joint Book-Running Managers: |
| Commerz Markets LLC |
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Co-Managers: |
| Standard Chartered Bank |
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| Loop Capital Markets LLC |
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CUSIP/ISIN: |
| 345397 B51 / US345397B512 |
It is expected that delivery of the Notes will be made against payment therefor on or about February 16, 2021, 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 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 Commerz Markets LLC at 1-212-266-7200, Credit Agricole Securities (USA) Inc. at 1-866-807-6030, Lloyds Securities Inc. at 1-212-930-5000, Mizuho Securities USA LLC at 1-866-271-7403, SMBC Nikko Securities America, Inc. at 1-888-868-6856 or SG Americas Securities, LLC at 1-855-881-2108.
