Free Writing Prospectus
Filed Pursuant to Rule 433
Registration No. 333-263473 and 333-263473-03
Joint-Leads: Deutsche Bank (str), BNP, and Wells Fargo
Passive Leads: Citi, Credit Suisse and Santander
Co Manager: Baird
** ANTICIPATED CAPITAL STRUCTURE **
CLS | SIZE(MM) | OFFERED(MM) | WAL* | P.WIN* | S/K | Spread | Yield | Cpn | $Price | |||||||||
| ||||||||||||||||||
A1 | $41.000 | $38.950 | 0.19 | 01-04 | A1+/K1+ | Preplaced | ||||||||||||
A2 | $125.380 | $119.111 | 1.03 | 04-21 | AAA/AAA | I-CURVE+105 | 4.471% | 4.42% | 99.98997 | |||||||||
A3 | $125.380 | $119.111 | 2.57 | 21-42 | AAA/AAA | I-CURVE+120 | 4.661% | 4.61% | 99.98454 | |||||||||
A4 | $38.930 | $36.983 | 3.92 | 42-52 | AAA/AAA | I-CURVE+155 | 4.909% | 4.85% | 99.96601 | |||||||||
B | $11.280 | $10.716 | 4.49 | 52-56 | AA/AA+ | I-CURVE+180 | 5.097% | 5.04% | 99.98508 | |||||||||
C | $11.290 | $10.725 | 4.82 | 56-60 | A/A+ | I-CURVE+235 | 5.612% | 5.54% | 99.96829 | |||||||||
D | $10.740 | $10.203 | 5.24 | 60-65 | BBB/BBB+ | I-CURVE+335 | 6.585% | 6.49% | 99.97136 | |||||||||
N | $ 3.315 | $ 3.149 | 0.47 | 04-08 | BB-/BBB | Preplaced | ||||||||||||
R | — Preplaced — | |||||||||||||||||
|
* Based on 1.30% ABS Pricing Speed to 2% Call
** Transaction Details **
Rated Notes Issued Amount: $367.315mm
Rated Notes Offered Amount: $348.948mm
Offering Format: A1-D: SEC Registered / N-R: 144A, Reg S
Exp. Ratings: | S&P / KBRA | |
ERISA: | A1-D: Yes / N-R: No | |
Min Denoms: | A-1 - D: $1k x $1k | N: $150k x $1k | R: 1.75k x 1 Unit | |
BBG Ticker: | CRVNA 2022-P3 | |
Expected Settle: | 09/08/22 | |
First Pay Date: | 10/11/22 | |
B&D: | Deutsche Bank |
** Available Materials **
Attached: Preliminary Prospectus, Rating FWP, CDI
Deal Roadshow: https://dealroadshow.com | Password (case-sensitive): CRVNA22P3
Intex Dealname: dbCVAR22P3 | Password: 729K
The issuer has filed a registration statement (including a prospectus) with the SEC for the new 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 1-800-503-4611. This communication does not contain all information that is required to be included in the prospectus. The information in this communication is preliminary, and is subject to completion or change. Any investment decision with respect to the securities should be made by you based upon the information contained in the prospectus relating to the securities. There can be no assurance that actual pricing will be completed at the indicated value(s). This communication is not an offer to sell or a solicitation of an offer to buy these securities in any state where such offer, solicitation or sale is not permitted. The foregoing also applies to any information provided in any subsequent discussion with you about the contents of this communication, regardless of the means of such subsequent discussion.