Free Writing Prospectus
Filed Pursuant to Rule 433
Dated October 10, 2018
Registration Statement Nos. 333-205553 and 333-205553-06
$1bln BMW Vehicle Lease Trust ("BMWLT") 2018-1 (Auto Lease)
Joint-Leads: Societe Generale (str), BofA Merrill Lynch, Wells Fargo
Co-Managers: SMBC Nikko, US Bancorp
CLS | AMT($MM) | WAL | M/S | L.FIN | BENCH | SPD | YIELD | CPN | PRICE |
A-1 | 189.000 | 0.31 | P-1/A-1+ | 10/21/19 | intL | +2 | 2.49584% | 2.49584% | 100.00000 |
A-2 | 355.500 | 1.07 | Aaa/AAA | 12/21/20 | EDSF | +12 | 2.997% | 2.97% | 99.99107 |
A-3 | 355.500 | 1.87 | Aaa/AAA | 07/20/21 | EDSF | +22 | 3.290% | 3.26% | 99.98610 |
A-4 | 100.000 | 2.27 | Aaa/AAA | 03/21/22 | iSwp | +29 | 3.384% | 3.36% | 99.99911 |
Expected Pricing | : | PRICED | Registration | : SEC Registered |
Expected Settle | : | 10/17/18 | ERISA Eligible | : Yes |
First Payment | : | 11/20/18 | Pxg Speed | : 100% PPC to Maturity |
Expected Ratings | : | Moody's/S&P | Min Denoms | : $1k x $1k |
Bill & Deliver | : | SG | Ticker | : BMWLT 2018-1 |
Materials
* Preliminary Prospectus and Ratings FWP (Attached)
* Intex CDI File (Attached)
* Intex Dealname: socbmwlt181 Password: 376V
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 toll-free 1-855-881-2108.