0000929638-18-000832.txt : 20181004 0000929638-18-000832.hdr.sgml : 20181004 20181004155030 ACCESSION NUMBER: 0000929638-18-000832 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20181004 DATE AS OF CHANGE: 20181004 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BMW Vehicle Lease Trust 2018-1 CENTRAL INDEX KEY: 0001753585 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-205553-06 FILM NUMBER: 181107899 BUSINESS ADDRESS: STREET 1: 300 CHESTNUT RIDGE RD CITY: WOODCLIFF LAKE STATE: NJ ZIP: 07675 BUSINESS PHONE: 2013074000 MAIL ADDRESS: STREET 1: 300 CHESTNUT RIDGE RD CITY: WOODCLIFF LAKE STATE: NJ ZIP: 07675 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BMW AUTO LEASING LLC CENTRAL INDEX KEY: 0001126530 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 300 CHESTNUT RIDGE RD CITY: WOODCLIFF LAKE STATE: NJ ZIP: 07675 BUSINESS PHONE: 2013074000 MAIL ADDRESS: STREET 1: 300 CHESTNUT RIDGE RD CITY: WOODCLIFF LAKE STATE: NJ ZIP: 07675 FWP 1 a72000_fwp.htm FREE WRITING PROSPECTUS
Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement Nos. 333-205553 and 333-205553-06

BMW AUTO LEASING LLC 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 THE OTHER DOCUMENTS BMW AUTO LEASING LLC HAS FILED WITH THE SEC FOR MORE COMPLETE INFORMATION ABOUT BMW AUTO LEASING LLC AND THIS OFFERING.  YOU MAY GET THESE DOCUMENTS FOR FREE BY VISITING EDGAR ON THE SEC WEB SITE AT WWW.SEC.GOV.  ALTERNATIVELY, BMW AUTO LEASING LLC, ANY UNDERWRITER OR ANY DEALER PARTICIPATING IN THE OFFERING WILL ARRANGE TO SEND YOU THE PROSPECTUS IF YOU REQUEST IT BY CALLING 1-855-881-2108.
Free Writing Prospectus dated October 4, 2018

$1,000,000,000
BMW Vehicle Lease Trust 2018-1
Issuing Entity
BMW Auto Leasing LLC
Depositor
BMW Financial Services NA, LLC
Sponsor, Servicer and Administrator
The depositor has prepared a preliminary prospectus dated October 4, 2018 which describes the notes issued by the issuing entity. You should review such preliminary prospectus in its entirety before deciding to purchase any of the notes.
Ratings
It is a condition to the issuance of the notes that, on the closing date, they receive at least the indicated ratings from Moody’s Investors Service, Inc. (“Moody’s”), and S&P Global Ratings (“S&P” and, together with Moody’s, the “rating agencies”), listed below.
 
Moody’s
  
S&P
Class A-1 Notes
P-1 (sf)
  
A-1+ (sf)
Class A-2 Notes
Aaa (sf)
  
AAA (sf)
Class A-3 Notes
Aaa (sf)
  
AAA (sf)
Class A-4 Notes
Aaa (sf)
  
AAA (sf)

A security rating is not a recommendation to buy, sell or hold notes. The ratings of the notes address the likelihood of the payment of principal and interest on the notes according to their terms.  Each rating agency rating the notes will monitor the ratings using its normal surveillance procedures.  Any rating agency may change or withdraw its assigned rating at any time. If this happens, no person or entity will be obligated to provide any additional credit enhancement for the notes. Any rating action taken by one rating agency may not necessarily be taken by the other rating agency.
None of the sponsor, depositor, servicer, administrator, indenture trustee, owner trustee, asset representations reviewer or any of their affiliates will be required to monitor any changes to the ratings on these notes.

 
Joint Bookrunners
  
     
SOCIETE GENERALE
BofA Merrill Lynch
Wells Fargo Securities
     
 
Co-Managers
  
     
SMBC Nikko
US Bancorp