| | Free Writing Prospectus |
| | Filed Pursuant to Rule 433 |
| | Registration Statement Nos. 333-261436-11 and 333-261436 |
*Pricing Details* $2.25BN Honda Auto Receivables 2025-1 Owner Trust (HAROT 2025-1) Prime Auto Loan ABS
Lead Managers: MUFG (str), Barclays, Citi, Mizuho
Co-Managers: ANZ Securities, BNY Mellon Capital Markets, ING Financial Markets, JP Morgan Securities
ANTICIPATED CAPITAL STRUCTURE
| CLS | TOT($mm) | OFF($mm) | WAL | S/F* | P.WIN | E.FIN | L.FIN | BENCH | LAUNCH | YIELD | CPN | PX |
| A-1 | 600.000 | 570.000 | 0.30 | A-1+/F1+ | <Preplaced> | | | I-CURV | +9 | 4.410 | 4.410 | 100.00000 |
| A-2 | 745.500 | 708.225 | 1.05 | AAA/AAA | 7-18 | 8/26 | 8/27 | I-CURV | +40 | 4.577 | 4.53 | 99.99565 |
| A-3 | 891.500 | 846.925 | 2.35 | AAA/AAA | 18-39 | 5/28 | 9/29 | I-CURV | +39 | 4.615 | 4.57 | 99.99692 |
| A-4 | 131.422 | 124.850 | 3.28 | AAA/AAA | 39-39 | 5/28 | 5/31 | I-CURV | +43 | 4.689 | 4.64 | 99.98802 |
* Expected Ratings
-TRANSACTION DETAILS-
BBG Ticker : HAROT 2025-1
Offered Size : $2.250BN
Format : SEC Registered
Exp. Ratings : S&P / Fitch
ERISA : Yes
Risk Retention : US RR = Yes, EU RR = No
Min Denoms : $1k x $1k
Pxing Speed : 1.30% ABS to 10% Call
Expected Pricing : Priced
Expected Settle : 2/11/2025
First Pay Date : 3/21/2025
B&D : MUFG
-ATTACHMENTS-
Preliminary Prospectus, FWP, CDI (attached)
Intex Deal Name : mitharot_20251_upsize
Intex Passcode : J49J
SSAP : HAROT251
-CUSIPS-
A1: 43814VAA5
A2: 43814VAB3
A3: 43814VAC1
A4: 43814VAD9
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 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, 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 1-877-649-6848.
