05/20/2026 | Press release | Distributed by Public on 05/20/2026 15:24
Filed Pursuant to Rule 433
Registration No. 333-279448 and
333-279448-04
*Pricing Details* ~$1.2BN+ Nissan Prime Auto Loan (NAROT 2026-A)
Joint Bookrunners: Wells Fargo Securities (Str.), MUFG, Mizuho Securities, and U.S. Bancorp
Co-Managers: BofA, BNP, Citi, and Lloyds
-ANTICIPATED CAPITAL STRUCTURE-
| CLS | SIZE($MM) | WAL** | F/M^ | P.WIN** | E.FNL** | L.FNL | BENCH | Spread | YLD % | CPN % | $PX | |||||||||||||
|
A-1 |
260.000 | 0.27 | F1+/P-1 | 01-07 | 12/26 | 06/27 | I-CRV | +14 | 3.796 | 3.796 | 100.00000 | |||||||||||||
|
A-2A |
240.000 | 1.03 | AAA/Aaa | 07-19 | 12/27 | 03/29 | I-CRV | +43 | 4.228 | 4.19 | 99.99890 | |||||||||||||
|
A-2B |
198.130 | 1.03 | AAA/Aaa | 07-19 | 12/27 | 03/29 | SOFR30A | +43 | 100.00000 | |||||||||||||||
|
A-3 |
438.130 | 2.33 | AAA/Aaa | 19-40 | 09/29 | 12/30 | I-CRV | +44 | 4.516 | 4.47 | 99.99115 | |||||||||||||
|
A-4 |
93.750 | 3.60 | AAA/Aaa | 40-47 | 04/30 | 03/32 | I-CRV | +53 | 4.687 | 4.64 | 99.99396 | |||||||||||||
|
B |
21.140 | 3.88 | AA/Aa3 | 47-47 | 04/30 | 03/32 | I-CRV | +75 | 4.924 | 4.87 | 99.98524 | |||||||||||||
|
C |
17.300 | 3.88 | A/A2 | 47-47 | 04/30 | 02/34 | I-CRV | +95 | 5.124 | 5.07 | 99.99971 | |||||||||||||
**Assumes pricing speed of 1.30% ABS to 5% Call
^Expected Ratings
-Transaction Details-
Offered Size : $1,268,450,000
Bloomberg Ticker : NAROT 2026-A
Expected Ratings : Fitch / Moody's
Format : SEC Registered
Pricing Speed : 1.30% ABS to 5% Call
Min. Denoms : $1k x $1k
EU RR Compliant : No
Expected Pricing : Priced
Expected Settlement : On or about 05/27/2026
First Pay Date : 06/15/2026
ERISA Eligible : Yes
Bill & Deliver : Wells Fargo Securities
-Available Materials-
Preliminary Prospectus : attached
Ratings Free Writing Prospectus : attached
Intex CDI : attached
Intexnet Dealname : wsnart26a | Password : 42U9
Dealroadshow : https://dealroadshow.com | Code : 26NAROTA
Dealroadshow Direct Link : https://dealroadshow.com/e/26NAROTA
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