0000929638-21-000447.txt : 20210303 0000929638-21-000447.hdr.sgml : 20210303 20210302184940 ACCESSION NUMBER: 0000929638-21-000447 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20210303 DATE AS OF CHANGE: 20210302 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BMW Vehicle Lease Trust 2021-1 CENTRAL INDEX KEY: 0001845317 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-227645-03 FILM NUMBER: 21705988 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 bmwlt2021-1_fwp.htm

Free Writing Prospectus
Filed Pursuant to Rule 433
Dated March 2, 2021
Registration Statement Nos. 333-227645 and 333-227645-03

 
*PRICING DETAILS* $1.25bn BMWLT 2021-1 Auto Lease
 
Joint Leads: Miz (Struc), BofA, Socgen
Co-Managers: CACIB, TD
 
CLS
$AMT(MM)
WAL
M/S&P*
E.FIN
L.FIN
BENCH
SPRD
YLD%
CPN%
$PX
A-1
190.000
0.27
P-1/A-1+
08/2021
03/2022
IntL
-4
0.14525
0.14525
100.00000
A-2
465.000
0.95
Aaa/AAA
07/2022
03/2023
EDSF
+2
0.201
0.20
99.99913
A-3
465.000
1.74
Aaa/AAA
04/2023
01/2024
EDSF
+9
0.292
0.29
99.99683
A-4
130.000
2.33
Aaa/AAA
08/2023
07/2024
IntS
+10
0.372
0.37
99.99603
* Expected Ratings
 
Transaction Details:
 
* BBG Ticker:
BMWLT 2021-1
* Size:
$1.25bn (No Grow)
* Format:
SEC Registered
* Assets:
Auto Lease
* Min Denoms:
$1k x $1k
* ERISA Eligible:
YES
* Ratings:
Moody's/S&P
* Timing:
Priced
* Settlement:
March 10, 2021
* Payment Dates:
25th of each month or next Business Day
* First Pay:
April 26, 2021
* Delivery:
DTC, Euroclear, Clearstream
* Risk Retention:
U.S. RR = Yes, E.U. RR = No
* Bill & Deliver:
Mizuho
   
   
Materials:
Preliminary Prospectus, cdi
Intex Dealname:
mzbmwlt21-1
Intex Password:
A997

 
CUSIPS:
A-1 05591RAA2
A-2 05591RAB0
A-3 05591RAC8
A-4 05591RAD6

 
The issuer has filed a registration statement (including a base prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest in this offering, you should read the base 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 website at www.sec.gov. Alternatively, Mizuho will arrange to send you a prospectus at no charge if you request it by calling Toll Free: 866-271-7403