Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Number 333-276916
Ford Motor Credit Company LLC
Final Term Sheet
6.054% Notes due 2031
| Issuer: | Ford Motor Credit Company LLC | |
| Trade Date: | December 18, 2024 | |
| Settlement Date: | December 20, 2024 (T+2) | |
| Stated Maturity: | November 5, 2031 | |
| Principal Amount: | $250,000,000 (for an aggregate outstanding principal amount of $1,250,000,000, together with the $1,000,000,000 principal amount of the 6.054% Notes due 2031 originally issued on November 5, 2024) | |
| Interest Rate: | 6.054% | |
| Benchmark Treasury: | 4.125% due November 30, 2031 | |
| Benchmark Treasury Yield and Price: | 4.319%; 98-27 | |
| Spread to Benchmark Treasury: | +165 basis points | |
| Yield to Maturity: | 5.969% | |
| Price to Public: | 100.463% of principal amount plus accrued interest from November 5, 2024 | |
| Underwriting Discount: | 0.200% | |
| Accrued Interest Payable to Issuer: | $1,891,875 accrued from and including November 5, 2024 to but excluding the anticipated date of settlement, December 20, 2024 | |
| Net Proceeds (Before Expenses) to Issuer: | $250,657,500 (100.263%) | |
| Interest Payment Dates: | Semi-annually on each May 5 and November 5, beginning May 5, 2025 | |
| Redemption Provision: | Make-Whole Call: The Notes may be redeemed, in whole or in part, prior to September 5, 2031 (two months prior to maturity date) (the “Par Call Date”), at a redemption price equal to the greater of (i) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 30 basis points less (b) interest accrued to the date of redemption, and (ii) 100% of the principal amount of the Notes to be redeemed, plus, in either case, accrued and unpaid interest to the redemption date. |
| Par Call: The Notes may be redeemed, in whole or in part, on or after September 5, 2031 (two months prior to 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. | ||
| Book-Running Manager: | J.P. Morgan Securities LLC | |
| CUSIP/ISIN: | 345397G31 / US345397G313 |
It is expected that delivery of the Notes will be made against payment therefor on or about December 20, 2024, which will be the second business day following the date of pricing of the Notes (such settlement cycle being referred to herein as “T+2”). 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 one business day, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes prior to the business day preceding the issue date will be required, by virtue of the fact that the Notes initially will settle in T+2, 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 (212) 834-4533.
