Filed Pursuant to Rule 433
Registration Nos.: 333-229287 and 333-229287-03
Free Writing Prospectus dated April 17, 2020
Nissan Auto Receivables 2020-A Owner Trust
Issuing Entity
| Nissan Auto Receivables Corporation II |
Nissan Motor Acceptance Corporation | |
| Depositor | Servicer/Sponsor |
The depositor has prepared a preliminary prospectus dated April 17, 2020, which describes the notes to be issued by the issuing entity. You should review the preliminary prospectus in its entirety before deciding to purchase any of the notes.
Ratings
The depositor expects that the notes issued by the issuing entity will receive the indicated ratings from the nationally recognized statistical rating organizations, or “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) |
It is a condition to the issuance of the notes that each class of the Class A notes receive the ratings listed above.
Underwriters
| Wells Fargo Securities | BofA Securities | Lloyds Securities | SOCIETE GENERALE | |||
| HSBC | Scotiabank | SMBC Nikko | US Bancorp |
The depositor has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) (SEC File Number 333-229287) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-326-5897.