Press Release

Macquarie prices $US500 million SMART ABS series 2014-1US

Sydney, 06 March 2014

Macquarie Group Limited today announced that the SMART Series 2014-1US Trust, a securitisation issue of automobile receivables, priced overnight (New York time).

The $A632 million equivalent SMART Series 2014-1US Trust issue comprises the following SEC Reg AB $US and $A denominated securities:

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Class Expected Rating (Fitch/Moody's) Size Expected Average Life (yrs) Coupon Margin (Benchmark)
A-1 F1+sf / P-1 (sf) $US90m 0.35 Fixed 0.22% (Int. LIBOR)
A-2a AAAsf / Aaa (sf) $US94m 1.10 Fixed 0.30% (EDSF)
A-2b AAAsf / Aaa (sf) $US40m 1.10 Floating LIBOR + 0.30%
A-3a AAAsf / Aaa (sf) $US70m 2.25 Fixed 0.40% (Int. Swap)
A-3b AAAsf / Aaa (sf) $US96m 2.25 Floating LIBOR + 0.40%
A-4a AAAsf / Aaa (sf) $US50m 3.64 Fixed 0.60% (Int. Swap)
A-4b AAAsf / Aaa (sf) $US60m 3.64 Floating LIBOR + 0.60%
B* AAsf / Aa3 (sf) $A9.486m 2.74 Not disclosed
C* Asf / A2 (sf) $A17.390m 2.74 Not disclosed
D* BBBsf / Baa3 (sf) $A17.390m 2.74 Not disclosed
E* BBsf / Ba2 (sf) $A15.809m 2.74 Not disclosed
Seller notes* Not rated $A15.810m 2.74 Not disclosed

* The Class B, C, D, E & Seller Notes were retained

Macquarie Leasing Pty Limited, a subsidiary of the Macquarie Group, is the originator of the assets and will also be the servicer of the portfolio. The trustee of the SMART Series 2014-1US Trust, Perpetual Trustee Company Limited, is the issuer of the asset-backed securities.

The issue is due to settle on 14 March 2014.


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