---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-032031"
form_type: "8-K"
ticker: null
cik: "0001182534"
company_name: "VOLKSWAGEN AUTO LEASE/LOAN UNDERWRITTEN FUNDING, LLC"
filed_at: "2026-03-19T23:59:59+00:00"
generated_at: "2026-05-15T09:35:01.346331+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# VW issues $1.71B in asset-backed notes via Volkswagen Auto Lease Trust 2026-A

## Summary
- $1.71B aggregate principal of Class A-1 through A-4 notes sold to underwriters; closing March 24, 2026.
- Notes backed by retail auto leases and related assets from VW Credit Leasing Ltd. Origination Trust.
- Transaction structured via SUBI certificate transfer through VALU Funding to the Issuing Entity.
- VCI remains servicer; documents include Indenture, Administration Agreement, and Asset Representations Review Agreement.

## SEC filing metadata
- accession: 0001104659-26-032031
- form_type: 8-K
- cik: 0001182534
- company_name: VOLKSWAGEN AUTO LEASE/LOAN UNDERWRITTEN FUNDING, LLC
- filed_at: 2026-03-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1182534/000110465926032031/0001104659-26-032031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1182534/000110465926032031/tm268387d13_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-032031
- JSON: https://secwatch.observer/filing/0001104659-26-032031.json
- Plain text: https://secwatch.observer/filing/0001104659-26-032031.txt

## Key facts
- Material Agreements
  VOLKSWAGEN AUTO LEASE/LOAN UNDERWRITTEN FUNDING, LLC entered into Underwriting Agreement with RBC Capital Markets, LLC, on its own behalf and as representative of the several underwriters valued at $1,710,000,000 (effective 2026-03-17).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: RBC Capital Markets, LLC, on its own behalf and as representative of the several underwriters
  - Value: $1,710,000,000
  - Effective: 2026-03-17
  source text: On March 17, 2026, Volkswagen Auto Lease/Loan Underwritten Funding, LLC (“VALU Funding”), VW Credit, Inc. (“VCI”) and RBC Capital Markets, LLC, on its own behalf and as representative of the several underwriters thereunder (the “Underwriters”) entered into an Underwriting Agreement, pursuant to which notes in the following classes: Class A-1, Class A-2-A, Class A-2-B, Class A-3 and Class A-4 (collectively, the “Notes”) with an aggregate principal balance of $1,710,000,000 were sold to the Underwriters.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1182534/000110465926032031/0001104659-26-032031-index.htm

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