Three deals backed by consumer debt add $1.8 billion to the primary securitization pipeline this week. 

USAA Bank is marketing its first retail auto loan transaction of the year, the $500 million AUTO OWNER TRUST 2014-1. Standard & Poor’s assigned preliminary ratings of ‘A-1+’ to the money market fund, A-1 tranche. The longer-dated A-2, A-3 and A-4 notes are rated ‘AAA’ and also on offer are $8.82 million of ‘A’ –rated class B notes.

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