# EDGAR Filing Document

**Accession Number:** 0001959048
**File Stem:** 0001104659-23-005297
**Filing Date:** 2023-1
**Character Count:** 7659
**Document Hash:** d4fc456859b464fa6a8b2dca326f6483
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-005297.hdr.sgml**: 20230120

**ACCESSION NUMBER**: 0001104659-23-005297

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230120

**DATE AS OF CHANGE**: 20230120

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ford Credit Auto Lease Trust 2023-A
- **CENTRAL INDEX KEY:** 0001959048
- **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:** 333-265473-03
- **FILM NUMBER:** 23539608

**BUSINESS ADDRESS:**
- **STREET 1:** C/O FORD MOTOR CO., WHQ STE 801-C1
- **STREET 2:** ONE AMERICAN ROAD
- **CITY:** DEARBORN
- **STATE:** MI
- **ZIP:** 48126
- **BUSINESS PHONE:** 3135943495

**MAIL ADDRESS:**
- **STREET 1:** C/O FORD MOTOR CO., WHQ STE 801-C1
- **STREET 2:** ONE AMERICAN ROAD
- **CITY:** DEARBORN
- **STATE:** MI
- **ZIP:** 48126
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ford Credit Auto Lease Trust 2023-A
- **CENTRAL INDEX KEY:** 0001959048
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** C/O FORD MOTOR CO., WHQ STE 801-C1
- **STREET 2:** ONE AMERICAN ROAD
- **CITY:** DEARBORN
- **STATE:** MI
- **ZIP:** 48126
- **BUSINESS PHONE:** 3135943495

**MAIL ADDRESS:**
- **STREET 1:** C/O FORD MOTOR CO., WHQ STE 801-C1
- **STREET 2:** ONE AMERICAN ROAD
- **CITY:** DEARBORN
- **STATE:** MI
- **ZIP:** 48126

**Free Writing Prospectus<br> Filed Pursuant to Rule 433<br> Dated January 18, 2023<br> Registration Statement Nos. 333-265473 and<br> 333-265473-03**

\*FULL PRICING DETAILS\* $1.5+ billion Ford (FORDL) 2023-A (Prime Auto Lease)

Active Lead Managers : RBC (str), SocGen, Wells Fargo

Passive Lead Managers : GS, MUFG

Passive Co-Managers : US Bancorp, Santander

Active Co-Managers : Drexel Hamilton, R. Seelaus

- Anticipated Capital Structure -

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; CLS | &nbsp;&nbsp; AMT ($MM) | &nbsp;&nbsp; WAL# | &nbsp;&nbsp; F/S | &nbsp;&nbsp; P-WIN | &nbsp;&nbsp; E-FIN | &nbsp;&nbsp; L-FIN | &nbsp;&nbsp; BENCH | &nbsp;&nbsp; SPRD | &nbsp;&nbsp; YLD% | &nbsp;&nbsp; CPN% | &nbsp;&nbsp; $PX |
| &nbsp;&nbsp;A-1 | &nbsp;&nbsp;198.00 | &nbsp;&nbsp;0.30 | &nbsp;&nbsp;F1+/A-1+ | &nbsp;&nbsp;1-7 | &nbsp;&nbsp;08/23 | &nbsp;&nbsp;02/24 | &nbsp;&nbsp;I-CRV + | &nbsp;&nbsp;26 | &nbsp;&nbsp;4.959 | &nbsp;&nbsp;4.959 | &nbsp;&nbsp;100.00000 |
| &nbsp;&nbsp;A-2a | &nbsp;&nbsp;300.00 | &nbsp;&nbsp;1.03 | &nbsp;&nbsp;AAA/AAA | &nbsp;&nbsp;7-17 | &nbsp;&nbsp;06/24 | &nbsp;&nbsp;06/25 | &nbsp;&nbsp;I-CRV + | &nbsp;&nbsp;65 | &nbsp;&nbsp;5.256 | &nbsp;&nbsp;5.19 | &nbsp;&nbsp; 99.99085 |
| &nbsp;&nbsp;A-2b | &nbsp;&nbsp;182.50 | &nbsp;&nbsp;1.03 | &nbsp;&nbsp;AAA/AAA | &nbsp;&nbsp;7-17 | &nbsp;&nbsp;06/24 | &nbsp;&nbsp;06/25 | &nbsp;&nbsp;SOFR30A + | &nbsp;&nbsp;65 |  |  | &nbsp;&nbsp;100.00000 |
| &nbsp;&nbsp;A-3 | &nbsp;&nbsp;482.50 | &nbsp;&nbsp;1.76 | &nbsp;&nbsp;AAA/AAA | &nbsp;&nbsp;17-26 | &nbsp;&nbsp;03/25 | &nbsp;&nbsp;03/26 | &nbsp;&nbsp;I-CRV + | &nbsp;&nbsp;79 | &nbsp;&nbsp;4.992 | &nbsp;&nbsp;4.94 | &nbsp;&nbsp; 99.99872 |
| &nbsp;&nbsp;A-4 | &nbsp;&nbsp; 87.00 | &nbsp;&nbsp;2.24 | &nbsp;&nbsp;AAA/AAA | &nbsp;&nbsp;26-28 | &nbsp;&nbsp;05/25 | &nbsp;&nbsp;05/26 | &nbsp;&nbsp;I-CRV + | &nbsp;&nbsp;89 | &nbsp;&nbsp;4.887 | &nbsp;&nbsp;4.83 | &nbsp;&nbsp; 99.98329 |
| &nbsp;&nbsp;B | &nbsp;&nbsp; 86.79 | &nbsp;&nbsp;2.37 | &nbsp;&nbsp;AA/AA | &nbsp;&nbsp;28-29 | &nbsp;&nbsp;06/25 | &nbsp;&nbsp;06/26 | &nbsp;&nbsp;I-CRV + | &nbsp;&nbsp;140 | &nbsp;&nbsp;5.353 | &nbsp;&nbsp;5.29 | &nbsp;&nbsp; 99.99073 |
| &nbsp;&nbsp;C | &nbsp;&nbsp;107.07 | &nbsp;&nbsp;2.51 | &nbsp;&nbsp;A/A | &nbsp;&nbsp;29-31 | &nbsp;&nbsp;08/25 | &nbsp;&nbsp;12/26 | &nbsp;&nbsp;I-CRV + | &nbsp;&nbsp;170 | &nbsp;&nbsp;5.605 | &nbsp;&nbsp;5.54 | &nbsp;&nbsp; 99.99869 |
| &nbsp;&nbsp;D | &nbsp;&nbsp; 64.89 | &nbsp;&nbsp;2.62 | &nbsp;&nbsp;BBB/BBB | &nbsp;&nbsp;31-32 | &nbsp;&nbsp;09/25 | &nbsp;&nbsp;09/27 | &nbsp;&nbsp;I-CRV + | &nbsp;&nbsp;Retained | &nbsp;&nbsp;Retained | &nbsp;&nbsp;Retained | &nbsp;&nbsp;Retained |

---

# WAL assumes 100% PPC to Maturity

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;Expected Pricing | &nbsp;&nbsp;: \*PRICED\* | &nbsp;&nbsp;Offered Amount | &nbsp;&nbsp;: $1,508,750,000 |
| &nbsp;&nbsp;Expected Settle | &nbsp;&nbsp;: 01/23/23 | &nbsp;&nbsp;Registration | &nbsp;&nbsp;: Public/SEC-registered |
| &nbsp;&nbsp;First Pmt Date | &nbsp;&nbsp;: 02/15/23 | &nbsp;&nbsp;ERISA Eligible | &nbsp;&nbsp;: Yes |
| &nbsp;&nbsp;Expected Ratings | &nbsp;&nbsp;: Fitch and S&P | &nbsp;&nbsp;RR Compliance | &nbsp;&nbsp;: US-Yes, EU-No |
| &nbsp;&nbsp;Bloomberg Ticker | &nbsp;&nbsp;: FORDL 2023-A | &nbsp;&nbsp;Pricing Speed | &nbsp;&nbsp;: 100% PPC to Maturity |
| &nbsp;&nbsp;Bloomberg SSAP | &nbsp;&nbsp;: "FORDL2023A" | &nbsp;&nbsp;Min Denoms | &nbsp;&nbsp;: $1k x $1k |
| &nbsp;&nbsp;Bill & Deliver | &nbsp;&nbsp;: RBC |  |  |

---

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;---------- CUSIPs ---------- ISINs ------------ | &nbsp;&nbsp;---------- CUSIPs ---------- ISINs ------------ | &nbsp;&nbsp;---------- CUSIPs ---------- ISINs ------------ |
| &nbsp;&nbsp;A-1 | &nbsp;&nbsp;345287AA4 | &nbsp;&nbsp;US345287 AA43 |
| &nbsp;&nbsp;A-2a | &nbsp;&nbsp;345287AB2 | &nbsp;&nbsp;US345287 AB26 |
| &nbsp;&nbsp;A-2b | &nbsp;&nbsp;345287AC0 | &nbsp;&nbsp;US345287 AC09 |
| &nbsp;&nbsp;A-3 | &nbsp;&nbsp;345287AD8 | &nbsp;&nbsp;US345287 AD81 |
| &nbsp;&nbsp;A-4 | &nbsp;&nbsp;345287AE6 | &nbsp;&nbsp;US345287 AE64 |
| &nbsp;&nbsp;B | &nbsp;&nbsp;345287AF3 | &nbsp;&nbsp;US345287 AF30 |
| &nbsp;&nbsp;C | &nbsp;&nbsp;345287AG1 | &nbsp;&nbsp;US345287 AG13 |
| &nbsp;&nbsp;D | &nbsp;&nbsp;345287AH9 | &nbsp;&nbsp;US345287 AH95 |
| &nbsp;&nbsp;---------------------------------------------------- | &nbsp;&nbsp;---------------------------------------------------- | &nbsp;&nbsp;---------------------------------------------------- |
| &nbsp;&nbsp;--- Available Materials --- | &nbsp;&nbsp;--- Available Materials --- | &nbsp;&nbsp;--- Available Materials --- |
| &nbsp;&nbsp;Preliminary Prospectus, FWP and Intex CDI (attached) | &nbsp;&nbsp;Preliminary Prospectus, FWP and Intex CDI (attached) | &nbsp;&nbsp;Preliminary Prospectus, FWP and Intex CDI (attached) |
| &nbsp;&nbsp;Investor presentation: www.dealroadshow.com; password "FORDL2023A" | &nbsp;&nbsp;Investor presentation: www.dealroadshow.com; password "FORDL2023A" | &nbsp;&nbsp;Investor presentation: www.dealroadshow.com; password "FORDL2023A" |
| &nbsp;&nbsp;Intexnet dealname: "RBCFCAT23A_LARGE"; password "V4VJ" | &nbsp;&nbsp;Intexnet dealname: "RBCFCAT23A_LARGE"; password "V4VJ" | &nbsp;&nbsp;Intexnet dealname: "RBCFCAT23A_LARGE"; password "V4VJ" |

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_______________________

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents 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 visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1 866 375-6829.