-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KaGIS8SsjTBsPdDRslFQAz2MhAPp7/9LsVgLyEMxgzCyLWvlYVLt1d3QeI+wOGwl 8207SnoAljc3lQY6vQZI9g== 0000914121-06-000450.txt : 20060227 0000914121-06-000450.hdr.sgml : 20060227 20060227140723 ACCESSION NUMBER: 0000914121-06-000450 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060227 DATE AS OF CHANGE: 20060227 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Wells Fargo Mortgage Backed Securities 2006-AR2 Trust CENTRAL INDEX KEY: 0001351146 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-129159-03 FILM NUMBER: 06645968 BUSINESS ADDRESS: STREET 1: 7485 NEW HORIZON WAY CITY: FREDERICK STATE: MD ZIP: 21703 BUSINESS PHONE: 3018468881 MAIL ADDRESS: STREET 1: 7485 NEW HORIZON WAY CITY: FREDERIDK STATE: MD ZIP: 21703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WELLS FARGO ASSET SECURITIES CORP CENTRAL INDEX KEY: 0001011663 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 521972128 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 7485 NEW HORIZON WAY CITY: FREDERICK STATE: MD ZIP: 21703 BUSINESS PHONE: 3018468881 MAIL ADDRESS: STREET 1: 7485 NEW HORIZON WAY CITY: FREDERIDK STATE: MD ZIP: 21703 FORMER COMPANY: FORMER CONFORMED NAME: NORWEST ASSET SECURITIES CORP DATE OF NAME CHANGE: 19960717 FWP 1 we887304-fwp.txt FREE WRITING PROSPECTUS Filed Pursuant to Rule 433 File No. 333-129159-03 The issuer has filed or will file with the SEC a registration statement (including a prospectus, any prospectus supplement and any related issuer free-writing prospectus) with respect to this offering (the "Offering Documentation"). Before you invest, you should read the prospectus and any prospectus supplement 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 the Offering Documentation (when completed) for free by searching the SEC online database (EDGAR(R)) at www.sec.gov. Alternatively, you may obtain a copy of the Offering Documentation from Lehman Brothers Inc., 745 Seventh Ave., New York, NY, 10019, Attn: Asset Backed Fixed Income Syndicate or by calling 1-800-666-2388, Ext 59519; Attention: Paul Tedeschi. 1
THE SERIES 2006-AR2 CERTIFICATES Initial Pass- Principal Through Class Balance(1) Rate Principal Types Interest Types - ------------------------------------------------------------------------------------------------------------------------------------ Offered Certificates Class I-A-1 $1,171,544,000 (2) Senior, Pass-Through Variable Rate Class I-A-R $100 (2) Senior, Sequential Pay Variable Rate Class II-A-1 $1,000,000,000 4.950%(3) Super Senior, Pass-Through Variable Rate Class II-A-2 $111,112,000 4.950%(3) Super Senior Support, Pass-Through Variable Rate Class II-A-3 $820,000,000 (4) Super Senior, Pass-Through Variable Rate Class II-A-4 $80,000,000 (4) Super Senior Support, Pass-Through Variable Rate Class II-A-5 $791,656,000 (4) Super Senior, Pass-Through Variable Rate Class II-A-6 $39,799,000 (4) Super Senior Support, Pass-Through Variable Rate Class II-A-IO (5) (6) Senior, Notional Amount Variable Rate, Interest Only Class B-1 $58,478,000 (7) Subordinated Variable Rate Class B-2 $20,885,000 (7) Subordinated Variable Rate Class B-3 $10,442,000 (7) Subordinated Variable Rate Class B-4 $10,442,000 (7) Subordinated Variable Rate Class B-5 $10,442,000 (7) Subordinated Variable Rate Class B-6 $6,265,000 (7) Subordinated Variable Rate Class B-7 $6,265,000 (7) Subordinated Variable Rate Class B-8 $6,265,000 (7) Subordinated Variable Rate Class B-9 $4,177,000 (7) Subordinated Variable Rate Non-Offered Certificates Class B-10 $6,265,000 (7) Subordinated Variable Rate Class B-11 $14,619,000 (7) Subordinated Variable Rate Class B-12 $8,359,434 (7) Subordinated Variable Rate
- ----------------------------------- (1) Approximate. The initial principal balances are subject to adjustment. (2) The pass-through rate with respect to each distribution date will be a per annum rate equal to the net WAC of the mortgage loans in the first loan group. For the initial distribution date in March 2006, this rate is expected to be approximately 5.141% per annum. (3) The pass-through rate with respect to each distribution date prior to the distribution date in September 2010 will be the lesser of (i) the per annum rate set forth in the table above and (ii) a per annum rate equal to the net WAC of the mortgage loans in the second loan group. On and after the distribution date in September 2010, the pass-through rate with respect to each distribution date will be a per annum rate equal to the net WAC of the mortgage loans in the second loan group. (4) The pass-through rate with respect to each distribution date will be a per annum rate equal to the net WAC of the mortgage loans in the second loan group. For the initial distribution date in March 2006, this rate is expected to be approximately 5.095% per annum. (5) The Class II-A-IO Certificates are interest only certificates, have no principal balance and will bear interest on their notional amount, initially approximately $1,111,112,000. On and after the distribution date in September 2010, the notional amount of the interest only certificates will be zero. (6) The pass-through rate with respect to each distribution date prior to the distribution date in September 2010 will be a per annum rate equal to the excess, if any, of (i) the net WAC of the mortgage loans in the second loan group over (ii) 4.950%. On and after the distribution date in September 2010, the pass-through rate will be zero and the Class II-A-IO Certificates will be entitled to no further distributions of interest. For the initial distribution date in March 2006, this rate is expected to be approximately 0.145% per annum. (7) The pass-through rate with respect to each distribution date will be a per annum rate equal to the weighted average (based on the group subordinate amount for each loan group) of the net WACs of both loan groups. For the initial distribution date in March 2006, this rate is expected to be approximately 5.108% per annum. 2 Allocation of Amount to be Distributed on the Class A Certificates Group I-A Certificates On each Distribution Date occurring prior to the Subordination Depletion Date, the Class A Principal Distribution Amount for the Group I-A Certificates will be allocated among and distributed in reduction of the Principal Balances of the Group I-A Certificates, sequentially, to the Class I-A-R and Class I-A-1 Certificates. Group II-A Certificates On each Distribution Date occurring prior to the Subordination Depletion Date, the Class A Principal Distribution Amount for the Group II-A Certificates will be allocated among and distributed in reduction of the Principal Balances of the Group II-A Certificates, concurrently, to the Class II-A-1, Class II-A-2, Class II-A-3, Class II-A-4, Class II-A-5 and Class II-A-6 Certificates, pro rata. 3 -----END PRIVACY-ENHANCED MESSAGE-----