Free Writing Prospectus
Filed Pursuant to Rule 433
Dated September 18, 2018
Registration Statement Nos. 333-208514 and 333-208514-07
**PRICING DETAILS** $1.056bln+ Ford Credit Auto Lease Trust 2018-B
Active Leads: J.P. Morgan (struc), Credit Agricole, RBC
Passive Leads: Citi, Morgan Stanley
Co-Managers: Wells Fargo, US Bank
Selling Groups: CastleOak, Mischler
CL |
| AMT ($MM) |
| WAL |
| MDY/F |
| P. WIN |
| BENCH |
| PRICING |
| % |
| COUPON |
| $ |
A-1 |
| 177.00 |
| 0.32 |
| P-1/F1+ |
| 1-7 |
| IntL+ |
| 5 |
| 2.45201% |
| 2.45201 |
| 100.00000 |
A-2a |
| 325.00 |
| 1.12 |
| Aaa/AAA |
| 7-19 |
| EDSF+ |
| 16 |
| 2.949 |
| 2.93 |
| 99.99890 |
A-2b |
| 50.00 |
| 1.12 |
| Aaa/AAA |
| 7-19 |
| 1ML+ |
| 16 |
|
|
|
|
| 100.00000 |
A-3 |
| 348.00 |
| 1.88 |
| Aaa/AAA |
| 19-27 |
| EDSF+ |
| 26 |
| 3.216 |
| 3.19 |
| 99.99155 |
A-4 |
| 100.00 |
| 2.35 |
| Aaa/AAA |
| 27-30 |
| IntS+ |
| 34 |
| 3.325 |
| 3.30 |
| 99.99510 |
B |
| 56.19 |
| 2.52 |
| Aa1/AA |
| 30-31 |
| IntS+ |
| 53 |
| 3.525 |
| 3.49 |
| 99.97747 |
Expected Settle: | 09/21/18 | Registration: | SEC Registered |
First Pay Date: | 10/15/18 | ERISA Eligible: | Yes |
Expected Ratings: | Moody’s, Fitch | Min Denoms: | $1k x $1k |
Ticker: | FORDL 2018-B | Pxing Speed: | 100% PPC to Maturity |
Expected Pricing: | PRICED | Bill & Deliver: | J.P. Morgan |
ABS-15G Filing: | Tues, 09/11/18 |
|
|
CUSIPs | A-1: | 34531LAA8 | Available Information: | |
| A-2-A: | 34531LAB6 | * Preliminary Prospectus | (attached) |
| A-2-B: | 34531LAC4 | * Ratings FWP | (attached) |
| A-3: | 34531LAD2 | * Roadshow | (attached) |
| A-4: | 34531LAE0 | * IntexNet/CDI (via separate message) | |
| B: | 34531LAF7 |
|
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 1-800-408-1016 or by emailing the ABS Syndicate Desk at abs_synd@jpmorgan.com. You should not reply to this announcement. Any reply e-mail communications, including those you generate by using the “Reply” function on your e-mail software, will be ignored or rejected.