Free Writing Prospectus
Filed Pursuant to Rule 433
Dated August 17, 2021
Registration Statement Nos. 333-233850 and 333-233850-04
**FINAL PXING DETAILS** ~$1.3BLN EART 2021-3(Subprime Auto)
Joint Leads: Wells Fargo (str), Barclays
Co-Managers: Blackstone, Citi, Citizens, Deutsche Bank
Anticipated Capital Structure:
CL | AMT($MM)* | WAL | Rtg(M/S) | L.FINAL | BNCH | SPREAD | CPN% | YLD% | $PRICE |
A-1 | 124.000 | 0.12 | P-1/A-1+ | 09/2022 | IntL + | 1 | .10415% | .10415% | $100.00000 |
A-2 | 309.890 | 0.52 | Aaa/AAA | 01/2024 | EDSF + | 20 | .34% | .348% | $ 99.99598 |
A-3 | 199.800 | 1.28 | Aaa/AAA | 02/2025 | EDSF + | 17 | .35% | .355% | $ 99.99395 |
B | 206.550 | 2.01 | Aaa/AA | 01/2026 | IntS + | 38 | .69% | .691% | $ 99.99999 |
C | 189.170 | 2.80 | Aa3/A | 10/2026 | IntS + | 48 | .96% | .965% | $ 99.99154 |
D | 187.160 | 3.71 | Baa3/BBB | 06/2027 | IntS + | 90 | 1.55% | 1.556% | $ 99.99649 |
E | 80.220 | 4.06 | NR/BB | 12/2028 | IntS + | 235 | 3.04% | 3.067% | $ 99.97117 |
- Transaction Details -
* Ticker : EART 2021-3
* Deal Size : ~$1.3BLN
* Expected Ratings: Moody's / S&P
* Registration : Classes A-D: SEC Reg
Class E: 144A / Reg S / IAI
* Erisa Eligible : Class A-D Yes; Class E: No
* Expected Settle : August 25, 2021
* Expected Pricing: PRICED
* First Pay Date : September 15, 2021
* Min Denoms : Classes A-D: $1k x $1k
Class E: $658k x $1k ($1.3bln deal size: $854k x 1k)
* Pricing Speed : 1.50% ABS to 10% Call
- Available Materials -
* Prelim Prospectus/POM: Attached
* Ratings FWP : Attached
* Intex Dealname : wseart202103 PW: XB93
* URL: https://dealroadshow.com
Entry Code (Case Sensitive): EART213
Direct Link: https://dealroadshow.com/e/EART213 ----------------------------------------------
If this communication relates to an offering of US registered securities (i) a registration statement has been filed with the SEC, (ii) before investing you should read the filed documents, and (iii) you may obtain these documents from your sales representative, by calling 1-800-326-5897 or visiting www.sec.gov. If this communication relates to a securities offering exempt from US registration, you should contact your sales representative for the complete disclosure package.