-----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, MQW+xFlMNqNY19ZDbLhs7s7h0aJGLM+IdWQN8qKAqT74ti/Eq/o1Gn96FtRv50+s lfzw/kZ1XfvbdecmUaNN5A== 0000914121-06-003048.txt : 20060928 0000914121-06-003048.hdr.sgml : 20060928 20060927184108 ACCESSION NUMBER: 0000914121-06-003048 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060928 DATE AS OF CHANGE: 20060927 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Wells Fargo Mortgage Backed Securities 2006-AR14 Trust CENTRAL INDEX KEY: 0001373038 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: 333-129159-23 FILM NUMBER: 061112176 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 we5610901-fwp.txt FREE WRITING PROSPECTUS Filed Pursuant to Rule 433 File No.: 333-129159-23 The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus 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. In addition, you may get the prospectus for free by visiting our website at http://www.ubs.com/regulationab. 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-(877) 867-2654.
THE SERIES 2006-AR14 CERTIFICATES Initial Pass- Principal Through Class Balance(1) Rate Principal Types Interest Types CUSIP - ------------------------------------------------------------------------------------------------------------------------------- Offered Certificates Class I-A-1 $50,000,000 (2) Senior, Pass-Through Variable Rate 94984M AA 2 Class I-A-2 $467,122,000 (2) Super Senior, Pass-Through Variable Rate 94984M AB 0 Class I-A-3 $202,000,000 (3) Super Senior, Sequential Pay Variable Rate 94984M AC 8 Class I-A-4 $50,000,000 (4) Senior, Sequential Pay Variable Rate 94984M AD 6 Class I-A-5 $50,000,000 (5) Super Senior, Sequential Pay Variable Rate 94984M AE 4 Class I-A-6 $73,000,000 (2) Super Senior, Sequential Pay Variable Rate 94984M AF 1 Class I-A-7 $125,000,000 (2) Super Senior, Sequential Pay Variable Rate 94984M AG 9 Class I-A-8 $32,987,000 (2) Super Senior Support, Pass-Through Variable Rate 94984M AH 7 Class I-A-9 (6) 0.19269%(7) Senior, Notional Amount Fixed Rate, 94984M AJ 3 Interest Only Class I-A-10 (6) 0.19269%(7) Senior, Notional Amount Fixed Rate, 94984M AK 0 Interest Only Class I-A-R $100 (3) Senior, Sequential Pay Variable Rate 94984M AL 8 Class II-A-1 $400,000,000 (8) Super Senior, Pass-Through Variable Rate 94984M AM 6 Class II-A-2 (9) 0.450%(10) Senior, Notional Amount Fixed Rate, 94984M AN 4 Interest Only Class II-A-3 $291,253,000 (11) Super Senior, Pass-Through Variable Rate 94984M AP 9 Class II-A-4 $28,900,000 (11) Super Senior Support, Pass-Through Variable Rate 94984M AQ 7 Class III-A-1 $150,000,000 6.000%(12) Super Senior, Pass-Through Variable Rate 94984M AR 5 Class III-A-2 $7,097,000 6.000%(12) Super Senior Support, Pass-Through Variable Rate 94984M AS 3 Class III-A-3 (6) (13) Senior, Notional Amount Variable Rate, 94984M AT 1 Interest Only Class Cr-B-1 $25,007,000 (14) Subordinated Variable Rate 94984M AU 8 Class Cr-B-2 $7,502,000 (14) Subordinated Variable Rate 94984M AV 6 Class Cr-B-3 $4,376,000 (14) Subordinated Variable Rate 94984M AW 4 Class II-B-1 $15,003,000 (11) Subordinated Variable Rate 94984M AX 2 Class II-B-2 $5,626,000 (11) Subordinated Variable Rate 94984M AY 0 Class II-B-3 $3,376,000 (11) Subordinated Variable Rate 94984M AZ 7 Non-Offered Certificates Class Cr-B-4 $2,501,000 (14) Subordinated Variable Rate 94984M BA 1 Class Cr-B-5 $1,250,000 (14) Subordinated Variable Rate 94984M BB 9 Class Cr-B-6 $2,502,504 (14) Subordinated Variable Rate 94984M BC 7 Class II-B-4 $2,250,000 (11) Subordinated Variable Rate 94984M BD 5 Class II-B-5 $1,875,000 (11) Subordinated Variable Rate 94984M BE 3 Class II-B-6 $1,876,601 (11) Subordinated Variable Rate 94984M BF 0
- -------------------- (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 September 2016 will be a per annum rate equal to the net WAC of the mortgage loans in the first loan group minus 0.19269%. On and after the distribution date in September 2016, the pass-through rate 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 October 2006, this rate is expected to be approximately 6.000000% per annum. (3) 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 October 2006, this rate is expected to be approximately 6.192690% per annum. (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 first loan group plus 0.55731%. For the initial distribution date in October 2006, this rate is expected to be approximately 6.750000% per annum. (5) 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 minus 0.55731%. For the initial distribution date in October 2006, this rate is expected to be approximately 5.635380% per annum. (6) The Class I-A-9, Class I-A-10 and Class III-A-3 Certificates are interest only certificates, have no principal balance and will bear interest on their notional amounts, initially approximately $648,109,000, $100,000,000 and $157,097,000, respectively. On and after the distribution date in September 2016, the notional amounts of the Class I-A-9, Class I-A-10 and Class III-A-3 Certificates will be zero. (7) The pass-through rate with respect to each distribution date prior to the distribution date in September 2016 will be the per annum rate set forth in the table above. On and after the distribution date in September 2016, the pass-through rate will be zero and the Class I-A-9 and Class I-A-10 Certificates will be entitled to no further distributions of interest. (8) The pass-through rate with respect to each distribution date prior to the distribution date in September 2011 will be a per annum rate equal to the net WAC of the mortgage loans in the second loan group minus 0.450%. On and after the distribution date in September 2011, the pass-through rate 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 October 2006, this rate is expected to be approximately 5.681984% per annum. (9) The Class II-A-2 Certificates are interest only certificates, have no principal balance and will bear interest on their notional amount, initially approximately $400,000,000. On and after the distribution date in September 2011, the notional amount of the Class II-A-2 Certificates will be zero. (10) The pass-through rate with respect to each distribution date prior to the distribution date in September 2011 will be the per annum rate set forth in the table above. On and after the distribution date in September 2011, the pass-through rate will be zero and the Class II-A-2 Certificates will be entitled to no further distributions of interest. (11) 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 October 2006, this rate is expected to be approximately 6.131984% per annum. (12) The pass-through rate with respect to each distribution date prior to the distribution date in September 2016 will be 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 third loan group. On and after the distribution date in September 2016, the pass-through rate will be a per annum rate equal to the net WAC of the mortgage loans in the third loan group. (13) The pass-through rate with respect to each distribution date prior to the distribution date in September 2016 will be a per annum rate equal to the excess, if any, of (i) the net WAC of the mortgage loans in the third loan group over (ii) the pass-through rate on the Class III-A-1 and Class III-A-2 Certificates. On and after the distribution date in September 2016, the pass-through rate will be zero and the Class III-A-3 Certificates will be entitled to no further distributions of interest. For the initial distribution date in October 2006, this rate is expected to be approximately 0.236487% per annum. (14) 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 crossed loan group) of the net WACs of the first and third loan groups. For the initial distribution date in October 2006, this rate is expected to be approximately 6.19839% per annum. Allocation of Amount to be Distributed on the Class A Certificates Group I-A Certificates On each Distribution Date occurring prior to the applicable 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, as follows: first, to the Class I-A-R Certificates; second, concurrently, as follows: (a) approximately 96.8587070485%, concurrently, as follows: (i) approximately 50.8416886077%, concurrently, to the Class I-A-1 and Class I-A-2 Certificates, pro rata; and (ii) approximately 49.1583113923%, sequentially, as follows: (A) concurrently, to the Class I-A-3, Class I-A-4, Class I-A-5 and Class I-A-6 Certificates, pro rata; and (B) to the Class I-A-7 Certificates; (b) approximately 3.1412929515% to the Class I-A-8 Certificates. Group II-A Certificates On each Distribution Date occurring prior to the applicable 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-3 and Class II-A-4 Certificates, pro rata. Group III-A Certificates On each Distribution Date occurring prior to the applicable Subordination Depletion Date, the Class A Principal Distribution Amount for the Group III-A Certificates will be allocated among and distributed in reduction of the Principal Balances of the Group III-A Certificates, concurrently, to the Class III-A-1 and Class III-A-2 Certificates, pro rata. -----END PRIVACY-ENHANCED MESSAGE-----