Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement Nos. 333-228592-07
and 333-228592
**PX/DETS** $2bn^ Honda Prime Loan ABS
Joint Active Bookrunners: Barclays (str), BNP, Citi, SMBC, TD, Wells Fargo
Co-Managers: BNY, JPM
Anticipated Capital Structure:
| CL | TOT$AMT | OFF$AMT | WAL | Rtgs (S/F) | L.FNL | BENCH | SPRD | YLD% | CPN% | PX |
| A-1 | 504.000 | 478.800 | 0.28 | A-1+/F1+ | 10/21 | IntL | + -4 | 0.18877% | 0.18877% | 100 |
| A-2 | 724.000 | 687.800 | 1.00 | AAA/AAA | 02/23 | EDSF | + 5 | 0.277% | 0.27% | 99.99317 |
| A-3 | 724.000 | 687.800 | 2.20 | AAA/AAA | 10/24 | IntS | + 16 | 0.377% | 0.37% | 99.98531 |
| A-4 | 153.264 | 145.600 | 3.14 | AAA/AAA | 04/27 | IntS | + 24 | 0.469% | 0.46% | 99.97341 |
^Transaction size based on offered bonds.
| Expected Settle: 9/29/2020 | Registration: SEC-REG |
| First Pay Date: 10/19/2020 | ERISA Eligible: Yes |
| Expected Ratings: S&P, Fitch | Min Denoms: $1k / $1k |
| Ticker: HAROT 2020-3 | Bill & Deliver: Barclays |
| Expected Pricing: PRICED | |
- Materials -
* Prelim Prospectus: Attached
* Ratings FWP: Attached
* IntexNet/CDI Dealname: bcgharot_2020-3_base Password: 33Y2
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the issuer has filed a registration statement (including a prospectus) with the u.s. Securities and exchange commission (sec) for this offering. Before you invest, you should read the prospectus for this offering in that registration statement, and other documents that 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 searching the sec online database (edgar) at www.sec.gov. Alternatively, you may obtain a copy of the prospectus from Barclays capital inc. By calling 1-888-603-5847.
