0001193125-20-140724.txt : 20200513 0001193125-20-140724.hdr.sgml : 20200513 20200512201532 ACCESSION NUMBER: 0001193125-20-140724 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200513 DATE AS OF CHANGE: 20200512 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: VOLKSWAGEN AUTO LEASE/LOAN UNDERWRITTEN FUNDING, LLC CENTRAL INDEX KEY: 0001182534 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 113650483 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-233424 FILM NUMBER: 20870735 BUSINESS ADDRESS: STREET 1: 2200 FERDINAND PORSCHE DR. CITY: HERNDON STATE: VA ZIP: 20171 BUSINESS PHONE: (703) 364-7325 MAIL ADDRESS: STREET 1: 2200 FERDINAND PORSCHE DR. CITY: HERNDON STATE: VA ZIP: 20171 FORMER COMPANY: FORMER CONFORMED NAME: VOLKSWAGEN AUTO LEASE UNDERWRITTEN FUNDING LLC DATE OF NAME CHANGE: 20020823 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VOLKSWAGEN AUTO LEASE/LOAN UNDERWRITTEN FUNDING, LLC CENTRAL INDEX KEY: 0001182534 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 113650483 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 2200 FERDINAND PORSCHE DR. CITY: HERNDON STATE: VA ZIP: 20171 BUSINESS PHONE: (703) 364-7325 MAIL ADDRESS: STREET 1: 2200 FERDINAND PORSCHE DR. CITY: HERNDON STATE: VA ZIP: 20171 FORMER COMPANY: FORMER CONFORMED NAME: VOLKSWAGEN AUTO LEASE UNDERWRITTEN FUNDING LLC DATE OF NAME CHANGE: 20020823 FWP 1 d863302dfwp.htm FWP FWP

Filed Pursuant to Rule 433

Registration Nos. 333-233424

and 333-233424-01

**PRICING DETAILS** $1.2bn Volkswagen Prime Auto Loan (VALET 2020-1)

Joint Active Bookrunners: Barclays (str), BNP, TD

Co-Managers: Citi, Credit Ag, JP Morgan, RBC, Santander

-Anticipated Capital Structure-

CLS    $AMT (MM)    WAL    M/F    L. FNL    E. FNL    Launch    Yld   Cpn   Price                  
================================================================================

 

   

A-1

    215.000    0.21    P-1/F1+    05/2021    10/2020    IntL-8    0.29978%   0.29978%     100.00000     

A-2A

    362.000    0.93    Aaa/AAA    12/2022    11/2021    EDSF+63    0.935%   0.93%     99.99706     

A-2B

    50.000    0.93    Aaa/AAA    12/2022    11/2021    1mL+63                    100.00000     

A-3

    471.000    2.32    Aaa/AAA    11/2024    09/2023    IntS+73    0.985%   0.98%     99.99317     

A-4

    96.570    3.48    Aaa/AAA    08/2026    11/2023    IntS+100    1.270%   1.26%     99.97734     
================================================================================

 

   

 

Expected Settle : 5/19/2020    Registration : SEC-REG   
First Pay Date : 6/22/2020    ERISA Eligible : Yes   
Expected Ratings : Moody’s, Fitch    Min Denoms : 100k/1k   
Ticker : VALET 2020-1    Bill & Deliver : Barclays   
Expected Pricing : PRICED    Pricing Speed : 1.3%ABS, 10% Call

-Available Materials-

* Materials: Prelim Prospectus, Ratings FWP, CDI

* Deal Roadshow Investor Login Details

URL: www.dealroadshow.com

Entry Code (Case Sensitive): VALET201

* IntexNet : bcgvalet2001_1bn

Dealname : X6XU

-Cusips-

A1: 92868JAA4

A2A: 92868JAB2

A2B: 92868JAC0

A3: 92868JAD8

A4: 92868JAE6

———————————————————————————————————————-

THE ISSUER HAS FILED A REGISTRATION STATEMENT (INCLUDING A PROSPECTUS) WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION (SEC) FOR THIS OFFERING. BEFORE YOU INVEST, YOU SHOULD READ THE PROSPECTUS FOR THIS OFFERING IN THAT REGISTRATION STATEMENT, AND OTHER DOCUMENTS THAT 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 SEARCHING THE SEC ONLINE DATABASE (EDGAR) AT WWW.SEC.GOV. ALTERNATIVELY, YOU MAY OBTAIN A COPY OF THE PROSPECTUS FROM BARCLAYS CAPITAL INC. BY CALLING 1-888-603-5847.