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

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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.