Filed Pursuant to Rule 433
Registration Nos.: 333-209768 and 333-209768-02
***PRICED*** $1.17BN Offered Nissan Auto Lease Trust (NALT) 2016-A
Joint Bookrunners: Citi (str), BofA Merrill Lynch, and MUFG
Co-managers: HSBC, Mizuho Securities, Scotiabank, SMBC Nikko, and TD Securities
CLS | NOTE BAL ($MM) | WAL | M/F | WIN | L.FIN | BMK | Sprd | Yield | Coupon | Price | ||||||||||
A-1 | 154.00 | 0.28 | P-1/F1+ | 1-7 | 06/15/17 | Yld% | 0.620% | 0.62% | 100.00000 | |||||||||||
A-2a | 407.00 | 1.22 | Aaa/AAA | 7-21 | 08/15/18 | EDSF+ | 38 | 1.230% | 1.22% | 99.99172 | ||||||||||
A-2b | 115.00 | 1.22 | Aaa/AAA | 7-21 | 08/15/18 | 1mL+ | 38 | 100.00000 | ||||||||||||
A-3 | 380.00 | 1.96 | Aaa/AAA | 21-27 | 03/15/19 | EDSF+ | 54 | 1.497% | 1.49% | 99.99548 | ||||||||||
A-4 | 114.00 | 2.33 | Aaa/AAA | 27-29 | 10/15/21 | IS + | 68 | 1.665% | 1.65% | 99.97889 |
Ticker: | NALT 2016-A | |||
Expected Ratings: | Moody’s / Fitch | |||
Format: | SEC Registered | |||
Settle: | 05/25/16 | |||
First Pay: | 06/15/16 | |||
Pricing Speed: | 75% PPC to Maturity | |||
ERISA Eligible: | YES | |||
MIN DENOMS: | $25K x $1K | |||
B&D: | Citi |
CUSIPS
65478Q AA6
65478Q AB4
65478Q AC2
65478Q AD0
65478Q AE8
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