0001193125-22-155068.txt : 20220519 0001193125-22-155068.hdr.sgml : 20220519 20220519162954 ACCESSION NUMBER: 0001193125-22-155068 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20220519 DATE AS OF CHANGE: 20220519 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Carvana Auto Receivables Trust 2022-P2 CENTRAL INDEX KEY: 0001903753 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: 333-263473-02 FILM NUMBER: 22943405 BUSINESS ADDRESS: STREET 1: 1930 W. RIO SALADO PKWY. CITY: TEMPE STATE: AZ ZIP: 85281 BUSINESS PHONE: (602) 852-6604 MAIL ADDRESS: STREET 1: 1930 W. RIO SALADO PKWY. CITY: TEMPE STATE: AZ ZIP: 85281 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Carvana Receivables Depositor LLC CENTRAL INDEX KEY: 0001770373 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 833243432 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 1930 W. RIO SALADO PKWY. CITY: TEMPE STATE: AZ ZIP: 85281 BUSINESS PHONE: (602) 852-6604 MAIL ADDRESS: STREET 1: 1930 W. RIO SALADO PKWY. CITY: TEMPE STATE: AZ ZIP: 85281 FWP 1 d345943dfwp.htm FWP FWP

FREE WRITING PROSPECTUS

Dated May 19, 2022

   

Filed Pursuant to Rule 433

Registration No. 333-263473

Registration No. 333-263473-02

*Pricing Details* Carvana Auto Receivables Trust 2022-P2 (CRVNA 2022-P2)

Active Joint Lead Bookrunners (A1-N): Wells Fargo(str), BNPP, Deutsche Bank

Passive Joint Lead Bookrunners (A1-N): Citi, Credit Suisse, Santander

Joint Placement Agent ( R): Wells Fargo(str), Credit Suisse, Baird

 

CLS   SIZE(MM)   OFFERED(MM)   WAL*   P.WIN*   E.FIN   L.FIN   S/K   BENCH   SPRD   YLD%   CPN%   $PX

 

A1

   $82.000   $77.900   0.22   01-06   11/22   06/23   A1+/K1+   I-CURVE   55   1.506   1.506   100.00000

A2

   $185.500   $176.225   1.03   06-20   01/24   07/25   AAA/AAA   I-CURVE   125   3.362   3.330   99.99133

A3

   $185.500   $176.225   2.36   20-38   07/25   04/27   AAA/AAA   I-CURVE   150   4.171   4.130   99.98846

A4

   $97.550   $92.672   3.70   38-52   09/26   02/28   AAA/AAA   I-CURVE   200   4.790   4.680   99.78754

B

   $18.450   $17.527   4.46   52-56   01/27   04/28   AA/AA+   I-CURVE   250   5.311   5.080   99.31340

C

   $17.550   $16.672   4.78   56-60   05/27   05/28   A/A+   I-CURVE   290   5.720   5.440   99.11055

D

   $18.450   $17.527   5.19   60-65   10/27   05/29   BBB/BBB+   I-CURVE   375   6.577   6.280   99.08356

**N

   $10.587   $10.057   0.75**   05-15**   08/23   05/29   BB-/BBB-   I-CURVE   405   5.843   4.370   98.97318

**R PRIVATELY PLACED

    

 

* Based on 1.30% ABS Pricing Speed to 2% Call

** Based on Case 2 assumptions outlined in the Class N OM and Certificate PPM attached

** Transaction Details **

Rated Notes Issued Amount: $615+MM *No Grow*

Rated Notes Offered Amount: $584+MM *No Grow*

Offering Format: A1-D: SEC Registered / N-R: 144A, Reg S

Exp. Ratings:   S/K
ERISA:   A1-D: Yes / N-R: No
Min Denoms:   A1-D: $1k x $1k / N: $500k x $1k / R: 1.75k Unit x 1 Unit
Expected Settle:   May 25, 2022
First Pay Date:   June 10, 2022
B&D:   Wells Fargo

** Available Information **

Materials Attached:

Preliminary Prospectus

Preliminary Class N OM

Preliminary Certificate PPM

FWP

CDI File

SSS File (attached)

Investor presentation and performance data file are available on DealRoadshow

* Intex Deal Name: wscrvna2022p2 Password: 67Y9

* Link: https://dealroadshow.finsight.com/ Passcode: CRVNA2022P2

If this communication relates to an offering of US registered securities (i) a registration statement has been filed with the SEC, (ii) before investing you should read the filed documents, and (iii) you may obtain these documents from your sales representative, by calling 1-800-326-5897 or visiting www.sec.gov. If this communication relates to a securities offering exempt from US registration, you should contact your sales representative for the complete disclosure package. For information regarding Wells Fargo, see https://www.wellsfargo.com/com/disclaimer/wfid3. In Japan, see: https://www.wellsfargo.com/com/disclaimer/wfsjb4.