Hyundai priced the triple-A notes sold from its $1.13 billion prime auto loan securitization some basis points tighter than Ford's deal issued earlier this month.

Citigroup, BofAML, Mizuho and RBC Capital Markets are lead managers on the deal, Hyundai Auto Receivables Trust 2014-A.

The triple-A rated notes all priced within Ford’s deal, which priced earlier this month. Hyundai’s triple-A rated tranche with a weighted average life of 1.10-years priced at 16 basis points over the Eurodollar synthetic forward curve.

The triple-A rated notes structured with a weighted average life of 2.35-years priced at 18 basis points over the interpolated swaps curve; and the 3.51-years, triple-A’s priced at 25 basis points over the interpolated swaps curve.

The double-A plus rated, class B notes with a weighted average life of 4.01-years priced at 45 basis points over the interpolated swaps curve. The double-A rated, class C notes with a weighted average life of 4.23-years priced at 65 basis points over the interpolated swaps curve.

Hyundai also sold a single-A minues rated, 4.28-year class D trance at 115 basis points over the interpolated swaps curve.

The loans securitized, purchase Hyundai brand and Kia brand vehicles. According to a deal term sheet filed with the Securities and Exchange Commission, the loans have a weighted average term that range from 24 months to 72 months. The weighted average FICO of the pool is 743.

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