New Issue - Carmax prices $550 mln car loan ABS


NEW YORK, Sept 29 (Reuters) - Auto retailer Carmax Inc. priced on Wednesday $550 million in asset-backed securities supported by car loans it made, a source close to the deal said. Banc of America Securities LLC and Wachovia Securities headed the deal's underwriting group that included J.P. Morgan Securities and Lehman Brothers, the source said. The following are the terms and conditions of "CarMax Auto Owner Trust 2004-2" **** Cls Amt WAL Rating Benchmark Spread Yield Price Coupon A-1 ...

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