-----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, TYANwwsV/m4BjBTsZVA0FSF74BgVaFvpSTphd14oIn0BLHNYssGkMGAgYU+17S/S SI9fieDs1NqcpKU4DqUTIQ== 0000914121-06-002482.txt : 20060727 0000914121-06-002482.hdr.sgml : 20060727 20060726203750 ACCESSION NUMBER: 0000914121-06-002482 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060727 DATE AS OF CHANGE: 20060726 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Wells Fargo Mortgage Backed Securities 2006-AR11 Trust CENTRAL INDEX KEY: 0001368005 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: 333-129159-17 FILM NUMBER: 06982734 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 we912113-fwp.txt FREE WRITING PROSPECTUS Filed Pursuant to Rule 433 File No.: 333-129159-17 The depositor has filed a registration statement (including a prospectus and any prospectus supplement) 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 Deutsche Bank at 1-800-503-4611. THE SERIES 2006-AR11 CERTIFICATES
Initial Pass- Principal Through Class Balance(1) Rate Principal Types Interest Types CUSIP --------------------------------------------------------------------------------------------------------- Offered Certificates Class A-1 $100,000,000 5.500%(2) Super Senior, Pass-Through Variable Rate 94984C AA 4 Class A-2 $112,428,000 (3) Super Senior, Sequential Pay Variable Rate 94984C AB 2 Class A-3 $12,492,000 (3) Super Senior/Super Senior Variable Rate 94984C AC 0 Support(4), Sequential Pay Class A-4 $214,512,000 (3) Super Senior, Sequential Pay Variable Rate 94984C AD 8 Class A-5 $166,943,000 (3) Super Senior, Sequential Pay Variable Rate 94984C AE 6 Class A-6 $76,347,000 (3) Super Senior, Sequential Pay Variable Rate 94984C AF 3 Class A-7 $77,839,000 (3) Super Senior Support, Variable Rate 94984C AG 1 Pass-Through Class A-8 (5) (6) Senior, Notional Amount Variable Rate, 94984C AH 9 Interest Only Class A-IO (5) 0.500%(7) Senior, Notional Amount Fixed Rate, 94984C AJ 5 Interest Only Class A-R $100 (8) Senior, Sequential Pay Variable Rate 94984C AK 2 Class B-1 $19,014,000 (8) Subordinated Variable Rate 94984C AL 0 Class B-2 $4,754,000 (8) Subordinated Variable Rate 94984C AM 8 Class B-3 $3,169,000 (8) Subordinated Variable Rate 94984C AN 6 Non-Offered Certificates Class B-4 $1,585,000 (8) Subordinated Variable Rate 94984C AP 1 Class B-5 $1,585,000 (8) Subordinated Variable Rate 94984C AQ 9 Class B-6 $1,583,160 (8) Subordinated Variable Rate 94984C AR 7
- -------------------------- (1) Approximate. The initial principal balances are subject to adjustment. (2) The pass-through rate with respect to each distribution date prior to the distribution date in July 2013 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 minus 0.50%. On and after the distribution date in July 2013, 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. (3) The pass-through rate with respect to each distribution date prior to the distribution date in July 2013 will be a per annum rate equal to the net WAC of the mortgage loans minus 0.50%. On and after the distribution date in July 2013, the pass-through rate will be a per annum rate equal to the net WAC of the mortgage loans. For the initial distribution date in August 2006, this rate is expected to be approximately 5.5393% per annum. (4) While the Class A-7 Certificates are outstanding, the Class A-3 Certificates will have the characteristics of super senior certificates. After the principal balance of the Class A-7 Certificates has been reduced to zero, the Class A-3 Certificates will have the characteristics of super senior support certificates. (5) The Class A-8 and Class A-IO Certificates are interest only certificates, have no principal balance and will bear interest on their notional amounts, initially approximately $100,000,000 and $760,561,000, respectively. On and after the distribution date in July 2013, the notional amounts of the Class A-8 and Class A-IO Certificates will be zero. (6) The pass-through rate with respect to each distribution date prior to the distribution date in July 2013 will be a per annum rate equal to the excess, if any, of (i) the net WAC of the mortgage loans over (ii) the sum of the pass-through rate on the Class A-1 Certificates and 0.50%. On and after the distribution date in July 2013, the pass-through rate will be zero and the Class A-8 Certificates will be entitled to no further distributions of interest. For the initial distribution date in August 2006, this rate is expected to be approximately 0.0393% per annum. (7) The pass-through rate with respect to each distribution date prior to the distribution date in July 2013 will be the per annum rate set forth in the table above. On and after the distribution date in July 2013, the pass-through rate will be zero and the Class A-IO Certificates will be entitled to no further distributions of interest. (8) 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. For the initial distribution date in August 2006, this rate is expected to be approximately 6.0393% per annum. Allocation of Amount to be Distributed on the Class A Certificates On each Distribution Date occurring prior to the Subordination Depletion Date, the Class A Principal Distribution Amount will be allocated among and distributed in reduction of the Principal Balances of the Class A Certificates, sequentially, as follows: first, to the Class A-R Certificates; second, concurrently, as follows: (a) approximately 10.2344190670%, to the Class A-7 Certificates; and (b) approximately 89.7655809330%, concurrently, as follows: (i) approximately 14.6472502717%, to the Class A-1 Certificates; and (ii) approximately 85.3527497283%, sequentially, as follows: (A) sequentially, to the Class A-4, Class A-5 and Class A-6 Certificates, up to $1,000 for such Distribution Date; (B) concurrently, to the Class A-2 and Class A-3 Certificates, pro rata, up to $2,082,000 for such Distribution Date; (C) sequentially, to the Class A-4, Class A-5 and Class A-6 Certificates; and (D) concurrently, to the Class A-2 and Class A-3 Certificates, pro rata. -----END PRIVACY-ENHANCED MESSAGE-----