| Class | Size ($MM) | % of Pool | Enhancement | WAL | Coupon | Spread | Legal Final | Moody's | Fitch |
|---|---|---|---|---|---|---|---|---|---|
| Class A-1 | 89.0 | 14.6% | 5.00% | 0.23 | 5.54% | +15 I-curve | 2025-05-15 | P-1 | F1+ |
| Class A-2 | 192.2 | 31.6% | 5.00% | 0.93 | 5.65% | +55 I-curve | 2027-02-15 | Aaa | AAA |
| Class A-3 | 242.2 | 39.8% | 5.00% | 2.29 | 5.37% | +68 I-curve | 2029-03-15 | Aaa | AAA |
| Class A-4 | 55.6 | 9.2% | 5.00% | 3.51 | 5.29% | +78 I-curve | 2031-12-15 | Aaa | AAA |
Enhancement: subordinate notes, overcollateralization and reserve beneath the class, as a share of the pool net of any yield supplement (the adjusted pool, as the issuers and rating agencies measure it); the Class A notes share losses pari passu, so each carries the same figure. Spread: basis points over the benchmark named beside it, from the pricing term sheet — the interpolated curve for fixed-rate classes, 30-day average SOFR for floaters; the two are not comparable. A class marked retained was kept by the depositor, as the prospectus states.
| Sponsor | Harley-Davidson Credit Corp. |
|---|---|
| Servicer | Harley-Davidson Credit Corp. |
| Depositor / Transferor | Harley-Davidson Customer Funding Corp. |
| Indenture Trustee | to the indenture trustee |
| Owner Trustee | Wilmington Trust, National Association |
| Asset Rep. Reviewer | to the asset representations reviewer |
| Underwriters | Wells Fargo Securities, BMO Capital Markets, Lloyds Securities, TD Securities, CastleOak Securities, Mizuho Securities |
| HDMT 2024-A | HDMT 2023-B | HDMT 2023-A | HDMT 2022-A | HDMT 2021-B | HDMT 2021-A | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | 2024-05-22 | 2023-09-27 | 2023-02-23 | 2022-04-20 | 2021-08-18 | 2021-02-18 | 424B5 |
| Pool balance | $607.8MM | $580.2MM | $628.5MM | $607.8MM | $635.5MM | $663.1MM | 424B5 |
| WA Credit Score | 758+2 | 758 | 758 | 756 | 754 | 756 | 424B5 |
| WA APR | 9.43%+2.07pp | 8.91% | 7.51% | 7.22% | 7.36% | 7.36% | 424B5 |
| WA original term mo | 70.0−1.0 | 70.0 mo | 71.0 mo | 71.0 mo | 71.0 mo | 72.0 mo | 424B5 |
| % new vehicles | 70.5% | 63.9% | 61.3% | 64.0% | 73.9% | 68.7% | 424B5 |
| Geo top-3 | TX 11.3% CA 9.9% FL 8.6% | TX 10.7% CA 9.8% FL 7.5% | CA 10.3% TX 9.3% FL 6.8% | TX 11.1% CA 10.5% FL 9.5% | CA 10.7% TX 10.1% FL 7.7% | TX 10.1% CA 9.8% FL 7.2% | 424B5 |
| Enhancement beneath the AAA term notes | |||||||
| Enhancement, initial | 5.00%0.00pp | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | calc |
| Enhancement, target | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | calc |
| Subordinate notes | 0.0%0.0pp | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | calc |
| OC (initial) | 4.75% | 4.75% | 4.75% | 4.75% | 4.75% | 4.75% | 424B5 |
| OC target | 4.75% | 4.75% | 4.75% | 4.75% | 4.75% | 4.75% | 424B5 |
| OC floor | 4.75% | 4.75% | 4.75% | 4.75% | 4.75% | 4.75% | 424B5 |
| Reserve account | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 424B5 |
| YSOC | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | 424B5 |
| Pricing | |||||||
| AAA spread | +68 bps+27bps A-3 · 2.3y | +88 bps A-3 · 2.5y | +73 bps A-3 · 2.4y | — | +8 bps A-2 · 1.0y | +6 bps A-2 · 1.0y | FWP |
| Terms | |||||||
| Tranches | 4 | 4 | 5 | 5 | 4 | 4 | FWP |
Enhancement: subordinate notes, overcollateralization and the reserve account as a share of the cutoff-date pool — the losses the pool can absorb before the AAA term notes are touched. AAA spread: the pricing spread over the interpolated curve for the fixed-rate AAA class whose weighted-average life is nearest two years, with that class and its WAL shown; floating-rate classes are never used. Source: 424B5 = final prospectus, FWP = pricing term sheet, calc = derived from the above. Deltas are against the peer median; green means more protection, or a cheaper price for it, for the noteholder.
OC shown net of any yield-supplement overcollateralization (YSOC); YSOC is a yield mechanism for subvented low-APR pools and is reported separately. OC target is a % of the pool balance — current (amortizing) for greater-of/sum-of structures, original (cut-off) for flat structures; OC floor is a % of the original pool balance.
| HDMT 2024-A | NAROT 2024-A | WOART 2024-B | HAROT 2024-2 | TAOT 2024-B | CAOT 2024-2 | Source | |
|---|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | |||||||
| Closing date | 2024-05-22 | 2024-05-22 | 2024-05-22 | 2024-05-21 | 2024-04-30 | 2024-04-24 | 424B5 |
| Pool balance | $607.8MM | $1,424.1MM | $1,335.1MM | $2,159.3MM | $1,876.3MM | $1,612.1MM | 424B5 |
| WA Credit Score | 758−9 | 780 | 757 | 769 | 767 | 721 | 424B5 |
| WA APR | 9.43%+3.73pp | 4.81% | 7.32% | 4.74% | 5.70% | 11.02% | 424B5 |
| WA original term mo | 70.0+4.1 | — | 68.3 mo | 63.2 mo | 66.0 mo | 65.8 mo | 424B5 |
| % new vehicles | 70.5% | 10.5% | 95.3% | 86.0% | 86.7% | 0.0% | 424B5 |
| Geo top-3 | TX 11.3% CA 9.9% FL 8.6% | TX 17.8% FL 9.5% CA 6.6% | FL 43.8% GA 19.9% NC 16.8% | CA 16.6% TX 9.9% MD 6.1% | CA 23.9% TX 15.3% IL 4.6% | CA 16.2% TX 11.1% FL 8.2% | 424B5 |
| Enhancement beneath the AAA term notes | |||||||
| Enhancement, initial | 5.00%+0.75pp | 4.25% | 4.75% | 2.75% | 2.75% | 9.20% | calc |
| Enhancement, target | 5.00% | 4.25% | 5.65% | — | 3.60% | 9.20% | calc |
| Subordinate notes | 0.0%−2.5pp | 0.0% | 4.5% | 0.0% | 2.5% | 8.2% | calc |
| OC (initial) | 4.75% | 4.00% | 0.00% | 2.50% | 0.00% | 0.75% | 424B5 |
| OC target | 4.75% | 4.00% | 0.90% | — | 0.85% | 0.75% | 424B5 |
| OC floor | 4.75% | 4.00% | 0.50% | — | 0.85% | 0.75% | 424B5 |
| Reserve account | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% | 424B5 |
| YSOC | n.a. | 8.57% | 7.70% | n.a. | 6.73% | n.a. | 424B5 |
| Pricing | |||||||
| AAA spread | +68 bps+10bps A-3 · 2.3y | +58 bps A-3 · 2.3y | +65 bps A-3 · 2.7y | +58 bps A-3 · 2.3y | +55 bps A-3 · 2.5y | +72 bps A-3 · 2.6y | FWP |
| Terms | |||||||
| Tranches | 4 | 5 | 7 | 4 | 6 | 8 | FWP |
Enhancement: subordinate notes, overcollateralization and the reserve account as a share of the cutoff-date pool — the losses the pool can absorb before the AAA term notes are touched. AAA spread: the pricing spread over the interpolated curve for the fixed-rate AAA class whose weighted-average life is nearest two years, with that class and its WAL shown; floating-rate classes are never used. Source: 424B5 = final prospectus, FWP = pricing term sheet, calc = derived from the above. Deltas are against the peer median; green means more protection, or a cheaper price for it, for the noteholder.
OC shown net of any yield-supplement overcollateralization (YSOC); YSOC is a yield mechanism for subvented low-APR pools and is reported separately. OC target is a % of the pool balance — current (amortizing) for greater-of/sum-of structures, original (cut-off) for flat structures; OC floor is a % of the original pool balance.
Anchor expectations in empirical base rates from the sponsor's prior series and FICO-tier peer set.
No performance data available for this issuer.
Interactive view: Performance ↗