Filed Pursuant to Rule 433
Registration Nos. 333-249906
and 333-249906-04
*PRICING DETAILS* $1.5bln VWALT (Volkswagen) 2024-A (Prime Auto Lease)
Joint Bookrunners: J.P. Morgan (struc), TD Securities, US Bancorp and Wells Fargo
Co-Managers : BofA and RBC
CL | AMT($MM) | WAL | S&P/F | P.WIN | E.FNL | L.FNL | BENCH | SPREAD | YLD% | CPN% | $PX | |||||||||||
A-1 | 258.000 | 0.29 | A-1+/F1+ | 1-8 | 11/24 | 03/25 | I-Curve | +14 | 5.516 | 5.516 | 100.00000 | |||||||||||
A-2-A | 289.500 | 1.23 | AAA/AAA | 8-22 | 01/26 | 12/26 | I-Curve | +49 | 5.464 | 5.40 | 99.99683 | |||||||||||
A-2-B* | 289.500 | 1.23 | AAA/AAA | 8-22 | 01/26 | 12/26 | SOFR30A | +47 | 100.00000 | |||||||||||||
A-3 | 579.000 | 2.25 | AAA/AAA | 22-31 | 10/26 | 06/27 | I-Curve | +64 | 5.271 | 5.21 | 99.99162 | |||||||||||
A-4 | 84.000 | 2.66 | AAA/AAA | 31-33 | 12/26 | 12/28 | I-Curve | +72 | 5.264 | 5.20 | 99.98237 |
* Class A-2-B benchmark is SOFR 30A
Expected Settle : 03/27/24
Registration : SEC Registered
First Pay Date : 04/20/24
ERISA Eligible : Yes
Expected Ratings : S&P, Fitch
Px Speed : 100% PPC to Maturity
Ticker : VWALT 2024-A
Min Denoms : $1k x $1k
Bill & Deliver : J.P. Morgan
Expected Pricing : PRICED
Available Information:
CUSIPs : A-1 92866EAA7 * Prelim Prospectus : Attached
A-2-A 92866EAB5 * Ratings FWP : Attached
A-2-B 92866EAC3 * Dealroadshow.com : VWALT2024A
A-3 92866EAD1 * IntexNet/CDI : See Separate Message
A-4 92866EAE9
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 Web site 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 800-408-1016 or by emailing the ABS Syndicate Desk at abs_synd@jpmorgan.com.