Ford Credit Auto Lease Two LLC
07/22/2024 | Press release | Distributed by Public on 07/22/2024 11:32
Free Writing Prospectus - Form FWP
Free Writing Prospectus
Filed Pursuant to Rule 433
Dated July 18, 2024
Registration Statement Nos. 333-265473 and
333-265473-06
*Pricing Details* $1.306+BN (Offered) Ford Credit (FORDL 2024-B) Prime Auto Lease ABS
Active Leads : Societe Generale (Str.), Deutsche Bank, Wells Fargo Securities
Passive Leads : BofA, TD Securities
Passive Co-Managers: Truist Securities, US Bancorp
Active Co-Managers : CL King, Ramirez & Co
Anticipated Capital Structure:
| CL | $AMT (MM) | WAL | P. WIN | F/M | E. FINAL | L. FINAL | BENCH | SPRD | YLD% | CPN% | $PRICE | |||||||||||
| A-1 | 124.000 | 0.22 | 1-5 | F1+/P-1 | 12/2024 | 08/2025 | I-Curve | +12 | 5.465 | 5.465 | 100.00000 | |||||||||||
| A-2A*\ | 183.000 | 0.99 | 5-18 | AAA/Aaa | 01/2026 | 02/2027 | I-Curve | +40 | 5.246 | 5.18 | 99.99097 | |||||||||||
| A-2B*/ | 340.550 | 0.99 | 5-18 | AAA/Aaa | 01/2026 | 02/2027 | SOFR30A | +40 | 100.00000 | |||||||||||||
| A-3 | 523.550 | 1.96 | 18-29 | AAA/Aaa | 12/2026 | 12/2027 | I-Curve | +60 | 5.044 | 4.99 | 99.99682 | |||||||||||
| A-4 | 78.900 | 2.44 | 29-30 | AAA/Aaa | 01/2027 | 01/2028 | I-Curve | +71 | 5.047 | 4.99 | 99.98932 | |||||||||||
| B | 56.170 | 2.54 | 30-31 | AA/Aa1 | 02/2027 | 02/2028 | I-Curve | +93 | 5.244 | 5.18 | 99.98210 | |||||||||||
| C | 70.220 | 2.67 | 31-33 | NR/Aa2 | 04/2027 | 03/2028 | Not Offered | |||||||||||||||
| D | 74.900 | 2.78 | 33-34 | NR/A1 | 05/2027 | 05/2029 | Not Offered | |||||||||||||||
* Class A-2B benchmark is SOFR 30A
-Deal Summary-
| Offered Size | : $1,306,170,000 |
| Exp. Pricing | : TODAY @ ~12:00-12:30PM ET |
| Exp. Settle | : July 23rd, 2024 |
| First Pay Date | : August 15th, 2024 |
| Offering Format | : Public |
| ERISA | : Yes |
| Exp. Ratings | : Fitch / Moody's |
| Pricing Speed | : 100% PPC to maturity |
| Min Denoms | : $1k x $1k |
| BBG Ticker | : FORDL 2024-B |
| Delivery | : DTC, Clearstream |
| Societe Generale B&D | |
| -Available Information- | |
| * Preliminary Prospectus, Ratings FWP and CDI attached | |
| * Intex Deal Name: XFCAT24B_2 Password: 792U | |
| * Deal Roadshow Link: https://dealroadshow.com Passcode: FORDL2024B | |
| -CUSIPS- | |
| A-1 | : 345279AA1 |
| A-2A | : 345279AB9 |
| A-2B | : 345279AC7 |
| A-3 | : 345279AD5 |
| A-4 | : 345279AE3 |
| B | : 345279AF0 |
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 1-855-881-2108 or emailing [email protected]. 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.