---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-040335"
form_type: "8-K"
ticker: null
cik: "0001182534"
company_name: "VOLKSWAGEN AUTO LEASE/LOAN UNDERWRITTEN FUNDING, LLC"
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T05:47:34.934691+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Volkswagen Auto Lease Trust 2024-A closes $1.5B asset-backed note issuance

## Summary
- Issued $1.5B aggregate principal of Class A-1, A-2-A, A-2-B, A-3, A-4 Asset Backed Notes on March 27, 2024.
- Notes backed by Volkswagen and Audi auto lease receivables; VW Credit, Inc. as servicer.
- Seven definitive agreements executed including Indenture with Citibank N.A. as indenture trustee.
- Proceeds used for securitization funding via a special unit of beneficial interest (SUBI) structure.

## SEC filing metadata
- accession: 0001104659-24-040335
- form_type: 8-K
- cik: 0001182534
- company_name: VOLKSWAGEN AUTO LEASE/LOAN UNDERWRITTEN FUNDING, LLC
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1182534/000110465924040335/0001104659-24-040335-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1182534/000110465924040335/tm2410003d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-040335
- JSON: https://secwatch.observer/filing/0001104659-24-040335.json
- Plain text: https://secwatch.observer/filing/0001104659-24-040335.txt

## Key facts
- Material Agreements
  VOLKSWAGEN AUTO LEASE/LOAN UNDERWRITTEN FUNDING, LLC entered into Indenture with Citibank, N.A. valued at $1,500,000,000 (effective 2024-03-27).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Citibank, N.A.
  - Value: $1,500,000,000
  - Effective: 2024-03-27
  source text: Item 1.01. Entry into a Material Definitive Agreement. In connection with the sale of the Class A-1, Class A-2-A, Class A-2-B, Class A-3 and Class A-4 Asset Backed Notes (collectively, the “Notes”) of Volkswagen Auto Lease Trust 2024-A (the “Issuing Entity”), which are described in the Final Prospectus dated March 19, 2024 and which were issued on March 27, 2024 (the “Closing Date”), the Co-Registrants are filing the agreements listed below , each dated as of the Closing Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1182534/000110465924040335/0001104659-24-040335-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.