Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement Nos.
333-261436-03 and 333-261436
**Full Pricing** $1.5B Offered Honda (HAROT 2023-1) Prime Auto Loan ABS
Joint Lead Bookrunners: Citi(Str), BNP Paribas, Deutsche Bank, Mizuho
Co-managers: MUFG, Societe Generale, US Bancorp
-CAPITAL STRUCTURE- | | | | | | | | | | | | | | | | | | | | |
TOTAL OFFERED | | | | | | | | | | | | | | | | | | | | | | |
CLS | | ($mm) | | ($mm) | | WAL | | M/F | | PWIN | | E.FIN | | L.FIN | | BENCH | | SPRD | | YLD(%) | | CPN(%) | | PX(%) |
A-1 | | 361.600 | | 343.520 | | 0.30 | | P-1/F1+ | | 1-7 | | 09/21/23 | | 02/21/24 | | <Pre-Placed> | | +15 | | 5.016 | | 5.016 | | 100.00000 |
A-2 | | 576.200 | | 547.390 | | 1.09 | | Aaa/AAA | | 7-20 | | 10/21/24 | | 10/21/25 | | I-CRV | | +35 | | 5.283 | | 5.22 | | 99.99399 |
A-3 | | 504.200 | | 478.990 | | 2.31 | | Aaa/AAA | | 20-38 | | 04/21/26 | | 04/21/27 | | I-CRV | | +55 | | 5.102 | | 5.04 | | 99.98142 |
A-4 | | 136.950 | | 130.100 | | 3.23 | | Aaa/AAA | | 38-39 | | 05/21/26 | | 06/21/29 | | I-CRV | | +69 | | 5.025 | | 4.97 | | 99.99057 |
- Transaction Details -
Offered Size : $1.5B Offered
BBG Ticker : HAROT 2023-1
Prepayment Speed : 1.30% ABS
Expected Rating : M/F
Settle : 02/24/2023
First Pay Date : 03/21/2023
Registration : SEC Registered
ERISA Eligible : Yes
Risk Retention : US - Yes
Min Denoms : $1k x $1k
Delivery : DTC, Euroclear, Clearstream
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus 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 if you request it by calling toll-free 1-800-831-9146. Any legends, disclaimers or notices that appear below are not applicable to this message and should be disregarded. Such text has been automatically generated via bloomberg or another system.