Free Writing Prospectus
Dated July 12, 2022
Filed Pursuant to Rule 433(d)
Registration No. 333-260819
Registration No. 333-260819-03
$1.4 billion CarMax Auto Owner Trust (CARMX 2022-3) Prime auto loan
Joint-leads : RBC (str), JPM, MUFG, SMBC
D&I Co-managers: AmeriVet, Loop Capital
Co-managers : Scotia, TD, Truist
Total Offered
CLS | AMT($MM) | AMT($MM) | WAL | S/F | P-WIN | E-FNL | L-FNL | BENCH# | LAUNCH | YIELD% | CPN% | PRICE | ||||||||||||
============================================================================================================== | ||||||||||||||||||||||||
A-1 | 247.90 | 247.528 | 0.27 | A-1+/F1+ | 1-6 | 01/23 | 07/23 | I-CRV | +46 | 2.663 | 2.663 | 100.00000 | ||||||||||||
A-2A | 394.26 | 393.668 | 1.12 | AAA/AAA | 6-22 | 05/24 | 09/25 | I-CRV | +87 | 3.841 | 3.81 | 99.99939 | ||||||||||||
A-2B | 100.00 | 99.850 | 1.12 | AAA/AAA | 6-22 | 05/24 | 09/25 | SOFR30A | +77 | 100.00000 | ||||||||||||||
A-3 | 445.57 | 444.901 | 2.56 | AAA/AAA | 22-42 | 01/26 | 04/27 | I-CRV | +95 | 4.004 | 3.97 | 99.99764 | ||||||||||||
A-4 | 107.09 | 106.929 | 3.72 | AAA/AAA | 42-47 | 06/26 | 02/28 | I-CRV | +105 | 4.095 | 4.06 | 99.99837 | ||||||||||||
B | 35.54 | 35.486 | 3.90 | AA/AA | 47-47 | 06/26 | 02/28 | I-CRV | +170 | 4.740 | 4.69 | 99.98637 | ||||||||||||
C | 35.54 | 35.486 | 3.90 | A/A | 47-47 | 06/26 | 02/28 | I-CRV | +200 | 5.040 | 4.98 | 99.97222 | ||||||||||||
D | 34.10 | 34.048 | 3.90 | BBB/BBB | 47-47 | 06/26 | 01/29 | I-CRV | +325 | 6.290 | 6.20 | 99.96863 | ||||||||||||
============================================================================================================== |
# Bloomberg GC I25; “Interpolate Curves”; “Mid YTM”
- Transaction Details - | ||
Expected Pricing : Priced | Offered Amount : $1,397,896,000 | |
Expected Settlement : 07/20/22 | Registration : Public / SEC-registered | |
First Payment Date : 08/15/22 | ERISA Eligible : Yes | |
Expected Ratings : S&P / Fitch | Pricing Speed : 1.3% ABS to 10% Call | |
Bloomberg Ticker : CARMX 2022-3 Min Denoms : $5k x $1k | ||
Bloomberg SSAP : “carmx20223” | Bill & Deliver : RBC | |
RR Compliance : US-Yes; horizontal expected but may contain vertical component | ||
EU-No |
- Available Materials -
Preliminary Prospectus, FWP and Intex CDI (attached)
Deal Roadshow : https://dealroadshow.com ; password “CARMX223”
direct link : https://dealroadshow.com/e/CARMX223
Intexnet dealname : “rbccarx2203_small_pool”; password “J6K7”
“rbccarx2203_large_pool”; password “J3UV”
---------CUSIPS------------
A-1 14318M AA7
A-2A 14318M AB5
A-2B 14318M AC3
A-3 14318M AD1
A-4 14318M AE9
B 14318M AF6
C 14318M AG4
D 14318M AH2
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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 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 1 866 375-6829.