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Volkswagen Auto Loan Enhanced Trust 2018-2

Filed: 15 Nov 18, 5:02pm

Filed Pursuant to Rule 433

Registration Nos.333-205992

and333-205992-02

*Final Pxing* $1.0BN Volkswagen Auto Loan Enhanced Trust2018-2

Joint Leads: Citi (str.), SG, and WFS

Co-managers: Bank of America, Barclays, BNP Paribas, Mizuho, SMBC

Anticipated Capital Structure:

 

Cls

 

Amt($mm)

 

M/S**

 

WAL***

 

L.Fin

 

Bnch

 

Sprd

 

Yld

 

CPN

 

$PX

A-1 238.00 P-1/A-1+ 0.27 11/20/19 IntL +10 2.75762 2.75762 100.00000
A-2-A 275.00 Aaa/AAA 1.05 08/20/21 EDSF   +16 3.079 3.05   99.99027
A-2-B 50.00 Aaa/AAA 1.05 08/20/21 1mL +16 1ml+16  100.00000
A-3 337.00 Aaa/AAA 2.32 04/20/23 iSwps +23 3.274 3.25   99.99580
A-4 100.00 Aaa/AAA 3.39 02/20/25 iSwps +30 3.361 3.33   99.97534

**Expected Ratings

***Assumes a 1.3% ABS prepayment speed and 10.0% clean up call

Deal Summary:

Ticker                 : VALET2018-2

Deal Size     : $1bn

Registration    : Public /SEC-Registered

Expected Settle : 11/21/18

First Pay Date : 12/20/18

Dist. Date     : 20TH of the Month (or next business day)

ERISA Eligible : Yes

Expected Ratings: M/S

Minimum Denoms : $100K x $1K

B&D                 : Citi

CUSIPS:

A-1:    92869B AA0

A-2-A: 92869B AB8

A-2-B: 92869B AC6

A-3:    92869B AD4

A-4:    92869B AE2

-Available Information-

* Preliminary Prospectus, Ratings FWP, CDI file (attached)

* Intex Deal Name: xvaet1802    Password: BAKB

* Deal Roadshow:

Link: www.dealroadshow.com

Passcode:VALET18-2

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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 Website 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-free1-800-831-9146. Any legends, disclaimers or notices that appear below are not applicable to this message and should be disregarded. Such text has been automatically generated via bloomberg or another system.