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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