10/17/2024 | Press release | Distributed by Public on 10/17/2024 04:01
Filed Pursuant to Rule 433
Registration No. 333-271899
**Full Pricing** Bridgecrest $638.80MM Subprime Auto (BLAST 2024-4)
Joint Lead Bookrunners: Citi (Str.), Deutsche Bank, and Wells Fargo
Co-Manager: Fifth Third
- Capital Structure -
CL | Size(mm) | WAL^ | S&P/DBRS* | P. WIN | E. MTY | L. MTY | BENCH | Spread | YLD(%) | CPN (%) | Price | |||||||||||
A-1 |
$81.600 | 0.10 | A-1+/R-1(H) | 1-3 | 01/15/25 | 11/17/25 | I-Curv | +15 | 4.908 | 4.908 | 100.00000 | |||||||||||
A-2 |
$164.160 | 0.62 | AAA/AAA | 3-13 | 11/17/25 | 09/15/27 | I-Curv | +53 | 4.894 | 4.84 | 99.99722 | |||||||||||
A-3 |
$109.440 | 1.40 | AAA/AAA | 13-21 | 07/15/26 | 09/15/28 | I-Curv | +70 | 4.773 | 4.72 | 99.99177 | |||||||||||
B |
$67.200 | 1.94 | AA/AA | 21-26 | 12/15/26 | 08/15/30 | I-Curv | +88 | 4.823 | 4.77 | 99.99048 | |||||||||||
C |
$110.800 | 2.54 | A/A | 26-36 | 10/15/27 | 08/15/30 | I-Curv | +100 | 4.886 | 4.83 | 99.98349 | |||||||||||
D |
$105.600 | 3.37 | BBB/BBB | 36-45 | 07/17/28 | 08/15/30 | I-Curv | +145 | 5.295 | 5.23 | 99.97703 | |||||||||||
E |
$49.200 | «Not | Offered» | |||||||||||||||||||
^WAL to 1.75% ABS to 10% Clean-Up Call
*Expected Ratings
Deal Priced.
- Transaction Details -
Offered Size | : | $638.80MM | ||
Settle | : | October 23rd, 2024 | ||
Pxg Speed | : | 1.75% ABS to 10% Call | ||
Offering Format | : | Public / SEC Registered | ||
First Pay Date | : | November 15th, 2024 | ||
ERISA Eligible | : | Yes | ||
Exp. Ratings | : | S&P / DBRS | ||
Min Denoms | : | $1k x $1k | ||
BBG Ticker | : | BLAST 2024-4 | ||
B&D | : | Citi |
- Transaction Materials -
● |
Preliminary Prospectus, FWP, and CDI : Attached |
● |
Intex : Deal Name : XBLAST244 Password: KV64 |
● |
DealRoadshow : https://dealroadshow.com | Passcode: BLAST244 (case sensitive) |
Direct Link : https://dealroadshow.com/e/BLAST244
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-free 1-800-831-9146. 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.