Filed pursuant to Rule 433(d)
Registration Nos.333-208068 and
333-208068-06
FINAL TERM SHEET, dated July 18, 2018
$861,460,000
John Deere Owner Trust2018-B
Issuing Entity
$260,000,000 Class A-1 2.53498% Asset Backed Notes
$252,000,000 Class A-2 2.83% Asset Backed Notes
$268,000,000 Class A-3 3.08% Asset Backed Notes
$ 81,460,000 Class A-4 3.23% Asset Backed Notes
John Deere Receivables, Inc., Seller and Depositor
John Deere Capital Corporation, Sponsor and Servicer
Class A-1 Notes(1) | Class A-2 Notes(1) | Class A-3 Notes(1) | Class A-4 Notes(1) | |||||
Principal Amount | $260,000,000 | $252,000,000 | $268,000,000 | $81,460,000 | ||||
Per Annum Interest Rate | 2.53498% | 2.83% | 3.08% | 3.23% | ||||
Final Scheduled Payment Date | August 15, 2019 | April 15, 2021 | November 15, 2022 | June 16, 2025 | ||||
Initial Public Offering Price | 100.00000% | 99.99590% | 99.99242% | 99.97314% | ||||
Ratings (Moody’s/Fitch) | P-1/F1+ | Aaa/AAA | Aaa/AAA | Aaa/AAA | ||||
Payment Date | Monthly, beginning September 15, 2018 (subject to the business day convention) | Monthly, beginning September 15, 2018 (subject to the business day convention) | Monthly, beginning September 15, 2018 (subject to the business day convention) | Monthly, beginning September 15, 2018 (subject to the business day convention) | ||||
Weighted Average Life(2) | 0.40 | 1.20 | 2.40 | 3.47 | ||||
CUSIP | 47788E AA6 | 47788E AB4 | 47788E AC2 | 47788E AD0 |
(1) | Subject to the considerations set forth in the preliminary prospectus, the Notes are generally eligible for purchase by or on behalf of employee benefit plans subject to the Employee Retirement Income Security Act of 1974, as amended, and other similar retirement plans and arrangements that are subject to Section 4975 of the Internal Revenue Code of 1986, as amended. |
(2) | Pricing speed: 14% CPR (with a 10%clean-up call). |
Trade Date: | July 18, 2018 | |
Expected Settlement Date: | July 25, 2018 | |
Initial Note Value: | $883,556,803 (discount rate: 5.80%) | |
Initial Overcollateralization Amount: | $22,096,803 | |
Initial Reserve Account Deposit: | $8,835,568 | |
Specified Reserve Account Balance: | $8,835,568 |
BofA Merrill Lynch | Citigroup | MUFG |
Credit Agricole | TD Securities |
The Depositor 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 Depositor has filed with the SEC for more complete information about the Depositor, the issuing entity, and this offering. You may get these documents for free by visiting EDGAR on the SEC Website at www.sec.gov. Alternatively, the Depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling1-800-294-1322.
This free writing prospectus does not contain all information that is required to be included in the prospectus.