# EDGAR Filing Document

**Accession Number:** 0001967111
**File Stem:** 0001104659-23-039168
**Filing Date:** 2023-3
**Character Count:** 10839
**Document Hash:** abdbd6116ebda05347c7956734770666
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-039168.hdr.sgml**: 20230330

**ACCESSION NUMBER**: 0001104659-23-039168

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230330

**DATE AS OF CHANGE**: 20230330

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ford Credit Auto Owner Trust 2023-A
- **CENTRAL INDEX KEY:** 0001967111
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-258040-05
- **FILM NUMBER:** 23780988

**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 Owner Trust 2023-A
- **CENTRAL INDEX KEY:** 0001967111
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **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 March 28, 2023<br> Registration Statement Nos. 333-258040 and<br> 333-258040-05**

\*PRICING DETAILS\* $1.578+ billion Ford Credit Auto Owner Trust (FORDO) 2023-A

Active Lead Managers : BNP Paribas (str), Deutsche Bank, Mizuho<br> Passive Lead Managers : Barclays, Scotia<br> Co-Managers : Santander, Truist<br> Active D&I Co-Managers : Blaylock, Multi-Bank Securities

- Anticipated Capital Structure -

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; CLS | &nbsp;&nbsp; AMT ($MM)\* | &nbsp;&nbsp; WAL# | &nbsp;&nbsp; S/F | &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; PRICE |
| &nbsp;&nbsp;A-1 | &nbsp;&nbsp;300.00 | &nbsp;&nbsp;0.24 | &nbsp;&nbsp;A-1+/F1+ | &nbsp;&nbsp;1-6 | &nbsp;&nbsp;09/23 | &nbsp;&nbsp;04/24 | &nbsp;&nbsp;I-CRV + | &nbsp;&nbsp;40 | &nbsp;&nbsp;5.028 | &nbsp;&nbsp;5.028 | &nbsp;&nbsp;100.00000 |
| &nbsp;&nbsp;A-2a | &nbsp;&nbsp;359.00 | &nbsp;&nbsp;1.05 | &nbsp;&nbsp;AAA/AAA | &nbsp;&nbsp;6-21 | &nbsp;&nbsp;12/24 | &nbsp;&nbsp;03/26 | &nbsp;&nbsp;I-CRV + | &nbsp;&nbsp;72 | &nbsp;&nbsp;5.199 | &nbsp;&nbsp;5.14 | &nbsp;&nbsp; 99.99661 |
| &nbsp;&nbsp;A-2b | &nbsp;&nbsp;235.00 | &nbsp;&nbsp;1.05 | &nbsp;&nbsp;AAA/AAA | &nbsp;&nbsp;6-21 | &nbsp;&nbsp;12/24 | &nbsp;&nbsp;03/26 | &nbsp;&nbsp;SOFR30A + | &nbsp;&nbsp;72 |  |  | &nbsp;&nbsp;100.00000 |
| &nbsp;&nbsp;A-3 | &nbsp;&nbsp;510.00 | &nbsp;&nbsp;2.43 | &nbsp;&nbsp;AAA/AAA | &nbsp;&nbsp;21-41 | &nbsp;&nbsp;08/26 | &nbsp;&nbsp;02/28 | &nbsp;&nbsp;I-CRV + | &nbsp;&nbsp;75 | &nbsp;&nbsp;4.700 | &nbsp;&nbsp;4.65 | &nbsp;&nbsp; 99.98957 |
| &nbsp;&nbsp;A-4 | &nbsp;&nbsp; 96.00 | &nbsp;&nbsp;3.57 | &nbsp;&nbsp;AAA/AAA | &nbsp;&nbsp;41-44 | &nbsp;&nbsp;11/26 | &nbsp;&nbsp;12/28 | &nbsp;&nbsp;I-CRV + | &nbsp;&nbsp;83 | &nbsp;&nbsp;4.613 | &nbsp;&nbsp;4.56 | &nbsp;&nbsp; 99.96966 |
| &nbsp;&nbsp;B | &nbsp;&nbsp; 47.33 | &nbsp;&nbsp;3.63 | &nbsp;&nbsp;AA+/AA+ | &nbsp;&nbsp;44 | &nbsp;&nbsp;11/26 | &nbsp;&nbsp;01/29 | &nbsp;&nbsp;I-CRV + | &nbsp;&nbsp;135 | &nbsp;&nbsp;5.127 | &nbsp;&nbsp;5.07 | &nbsp;&nbsp; 99.99004 |
| &nbsp;&nbsp;C | &nbsp;&nbsp; 31.61 | &nbsp;&nbsp;3.63 | &nbsp;&nbsp;AA-/A+ | &nbsp;&nbsp;44 | &nbsp;&nbsp;11/26 | &nbsp;&nbsp;09/30 | &nbsp;&nbsp;I-CRV + | &nbsp;&nbsp;180 | &nbsp;&nbsp;5.577 | &nbsp;&nbsp;5.51 | &nbsp;&nbsp; 99.98949 |

---

# WAL assumes 1.3% ABS and 10% Clean Up Call

^ Bloomberg GC I25; "Interpolate Curves"; "Mid YTM"

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expected Pricing | &nbsp;&nbsp;: PRICED | &nbsp;&nbsp;Offered Amount | &nbsp;&nbsp;: $1,578,940,000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expected Settle | &nbsp;&nbsp;: 03/31/23 | &nbsp;&nbsp;Registration | &nbsp;&nbsp;: Public/SEC-registered |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Pmt Date | &nbsp;&nbsp;: 04/17/23 | &nbsp;&nbsp;ERISA Eligible | &nbsp;&nbsp;: Yes |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expected Ratings | &nbsp;&nbsp;: S&P / Fitch | &nbsp;&nbsp;RR Compliance | &nbsp;&nbsp;: US-Yes, EU-No |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bloomberg Ticker | &nbsp;&nbsp;: FORDO 2023-A | &nbsp;&nbsp;Pricing Speed | &nbsp;&nbsp;: 1.3% ABS to 10% Clean Up Call |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bloomberg SSAP | &nbsp;&nbsp;: "FORDO2023A" | &nbsp;&nbsp;Min Denoms | &nbsp;&nbsp;: $1k x $1k |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bill & Deliver | &nbsp;&nbsp;: BNPP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---------- CUSIPs ---------- ISINs ------------ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---------- CUSIPs ---------- ISINs ------------ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---------- CUSIPs ---------- ISINs ------------ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---------- CUSIPs ---------- ISINs ------------ |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A-1 344928 AA4 US344928 AA41 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A-1 344928 AA4 US344928 AA41 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A-1 344928 AA4 US344928 AA41 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A-1 344928 AA4 US344928 AA41 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A-2a 344928 AB2 US344928 AB24 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A-2a 344928 AB2 US344928 AB24 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A-2a 344928 AB2 US344928 AB24 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A-2a 344928 AB2 US344928 AB24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A-2b 344928 AC0 US344928 AC07 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A-2b 344928 AC0 US344928 AC07 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A-2b 344928 AC0 US344928 AC07 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A-2b 344928 AC0 US344928 AC07 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A-3 344928 AD8 US344928 AD89 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A-3 344928 AD8 US344928 AD89 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A-3 344928 AD8 US344928 AD89 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A-3 344928 AD8 US344928 AD89 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A-4 344928 AE6 US344928 AE62 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A-4 344928 AE6 US344928 AE62 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A-4 344928 AE6 US344928 AE62 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A-4 344928 AE6 US344928 AE62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B 344928 AF3 US344928 AF38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B 344928 AF3 US344928 AF38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B 344928 AF3 US344928 AF38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B 344928 AF3 US344928 AF38 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C 344928 AG1 US344928 AG11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C 344928 AG1 US344928 AG11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C 344928 AG1 US344928 AG11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C 344928 AG1 US344928 AG11 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---------------------------------------------------- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---------------------------------------------------- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---------------------------------------------------- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;---------------------------------------------------- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--- Available Materials --- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--- Available Materials --- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--- Available Materials --- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--- Available Materials --- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preliminary Prospectus, FWP and Intex CDI (attached) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preliminary Prospectus, FWP and Intex CDI (attached) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preliminary Prospectus, FWP and Intex CDI (attached) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preliminary Prospectus, FWP and Intex CDI (attached) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intexnet dealname: bpfordo23a ; password: KUYK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intexnet dealname: bpfordo23a ; password: KUYK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intexnet dealname: bpfordo23a ; password: KUYK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intexnet dealname: bpfordo23a ; password: KUYK |

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