<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: January 19, 1998
(Date of earliest event reported)
Commission File No. 333-40113
Bombardier Capital Mortgage Securitization Corporation
- --------------------------------------------------------------------------------
Vermont 03-0355080
- ------------------------ -------------------
(State of Incorporation) (I.R.S. Employer
Identification No.)
1600 Mountain View Drive, Colchester, VT 05446
- ---------------------------------------- ----------
Address of principal executive officers (Zip Code)
(802) 654-7200
- --------------------------------------------------------------------------------
Registrant's Telephone Number, including area code
- --------------------------------------------------------------------------------
(Former name, former address and former fiscal year, if changed since last
report)
Page 1 of __
Index to Exhibits is on Page 5
<PAGE>
ITEM 5. Other Events
------------
Filing of Computational Materials
- ---------------------------------
Attached as Exhibit 99.1 are Computational Materials (as defined in
the no-action letter dated May 27, 1994 issued by the Securities and Exchange
Commission to the Public Securities Association) prepared by Credit Suisse First
Boston Corporation in connection with the offering of Bombardier Capital
Mortgage Securitization Corporation, Senior/Subordinated Pass-Through
Certificates, Series 1998-A.
-2-
<PAGE>
ITEM 7. Financial Statements and Exhibits
---------------------------------
(c) Exhibits
Item 601(a)
of Regulation S-K
Exhibits No. Description
- ------------ -----------
(99.1) Computational Materials
-3-
<PAGE>
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BOMBARDIER CAPITAL MORTGAGE
SECURITIZATION CORPORATION
January 20, 1998
By: /s/ James Dolan
-------------------------------
Name: James Dolan
Title Assistant Treasurer
-4-
<PAGE>
INDEX TO EXHIBITS
-----------------
Exhibit No. Description Page
- ----------- ----------- ----
(99.1) Computational Materials 6
-5-
<PAGE>
BOMBARDIER CAPITAL SENIOR/SUBORDINATE
PASS-THROUGH CERTIFICATES, SERIES 1998-A
COMPUTATIONAL MATERIALS
BOND PROFILE SUMMARY
____________________________________________________________________________
Class Original Coupon Avg. CBE 1st Last Mod.
Name & Type Par % Life Yield Pay Pay Dur.
____________________________________________________________________________
TO CALL:
A1 SENIOR 41,940,000 6.1000 1.10 5.946 2/98 4/00 1.02
A2 SENIOR 28,750,000 5.9800 3.10 5.970 4/00 1/02 2.75
A3 SENIOR 26,150,000 6.0700 5.10 6.099 1/02 9/04 4.25
A4 SENIOR 25,720,000 6.4800 9.00 6.530 9/04 11/09 6.58
A5 SENIOR 27,055,000 6.7600 15.45 6.829 11/09 3/15 9.26
M AA MEZZ 16,517,000 6.7200 11.10 6.779 2/03 3/15 7.33
B1 BBB SUB 19,430,000 7.1100 10.00 7.180 2/03 4/14 6.77
B2 BB SUB 8,744,447 8.5700 13.66 8.679 2/03 3/15 7.39
______________________________
TO MATURITY:
A5 SENIOR 27,055,000 6.7600 16.53 6.830 11/09 9/20 9.56
M AA MEZZ 16,517,000 6.7200 11.19 6.779 2/03 9/16 7.36
B1 BBB SUB 19,430,000 7.1100 10.00 7.180 2/03 4/14 6.77
B2 BB SUB 8,744,447 8.5700 18.99 8.684 2/03 5/26 8.25
____________________________________________________________________________
(1) Data assumes a prepayment speed of 160% MHP.
(2) Coupon and price are assumed for computational material.
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented'constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdictior
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT | FIRST
SUISSE | BOSTON
<PAGE>
BOMBARDIER CAPITAL SENIOR/SUBORDINATE
PASS-THROUGH CERTIFICATES, SERIES 1998-A
COMPUTATIONAL MATERIALS
BOND PROFILE SUMMARY
_____________________________________________________________________________
Percent of MHP: 0 75 100 160 200 300
_____________________________________________________________________________
A1 SENIOR
Price: 100-00 Coupon: 6.1000 Original Par: 41,940,000
_____________________________________________________________________________
TO CALL:
Bond Yield: 6.13 6.04 6.01 5.95 5.91 5.81
Average Life: 5.77 1.90 1.55 1.10 0.93 0.67
Duration: 4.50 1.71 1.42 1.02 0.87 0.64
First Prin Pay: 2/98 2/98 2/98 2/98 2/98 2/98
Last Prin Pay: 11/08 1/02 4/01 4/00 12/99 6/99
_____________________________________________________________________________
A2 SENIOR
Price: 100-00 Coupon: 5.9800 Original Par: 28,750,000
_____________________________________________________________________________
TO CALL:
Bond Yield: 6.03 6.00 5.99 5.97 5.95 5.92
Average Life: 13.05 5.50 4.48 3.10 2.58 1.84
Duration: 8.80 4.54 3.81 2.75 2.32 1.69
First Prin Pay: 11/08 1/02 4/01 4/00 12/99 6/99
Last Prin Pay: 2/13 2/05 11/03 1/02 5/01 5/00
_____________________________________________________________________________
A3 SENIOR
Price: 99-31 Coupon: 6.0700 Original Par: 26,150,000
_____________________________________________________________________________
TO CALL:
Bond Yield: 6.13 6.12 6.11 6.10 6.09 6.07
Average Life: 17.21 9.17 7.59 5.10 4.09 2.86
Duration: 10.37 6.81 5.88 4.25 3.52 2.55
First Prin Pay: 2/13 2/05 11/03 1/02 5/01 5/00
Last Prin Pay: 6/17 11/09 12/07 9/04 12/02 6/01
_____________________________________________________________________________
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented'constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdictior
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT | FIRST
SUISSE | BOSTON
<PAGE>
BOMBARDIER CAPITAL SENIOR/SUBORDINATE
PASS-THROUGH CERTIFICATES, SERIES 1998-A
COMPUTATIONAL MATERIALS
BOND PROFILE SUMMARY
_____________________________________________________________________________
Percent of MHP: 0 75 100 160 200 300
_____________________________________________________________________________
A4 SENIOR
Price: 100-00 Coupon: 6.4800 Original Par: 25,720,000
_____________________________________________________________________________
TO CALL:
Bond Yield: 6.55 6.54 6.54 6.53 6.52 6.50
Average Life: 22.29 14.81 12.80 9.00 6.83 4.07
Duration: 11.44 9.21 8.41 6.58 5.33 3.47
First Prin Pay: 6/17 11/09 12/07 9/04 12/02 6/01
Last Prin Pay: 1/23 2/16 2/14 11/09 4/07 11/02
_____________________________________________________________________________
A5 SENIOR
Price: 99-31+ Coupon: 6.7600 Original Par: 27,055,000
_____________________________________________________________________________
TO CALL:
Bond Yield: 6.84 6.83 6.83 6.83 6.83 6.81
Average Life: 27.13 21.75 19.69 15.45 12.89 7.82
Duration: 12.07 11.03 10.54 9.26 8.29 5.80
First Prin Pay: 1/23 2/16 2/14 11/09 4/07 11/02
Last Prin Pay: 12/25 6/21 5/19 3/15 11/12 9/08
___________________________
TO MATURITY:
Bond Yield: 6.84 6.83 6.83 6.83 6.83 6.82
Average Life: 27.45 22.71 20.84 16.53 13.89 8.41
Duration: 12.11 11.21 10.77 9.56 8.61 6.05
First Prin Pay: 1/23 2/16 2/14 11/09 4/07 11/02
Last Prin Pay: 3/27 8/25 6/24 9/20 12/17 2/13
_____________________________________________________________________________
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented'constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdictior
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT | FIRST
SUISSE | BOSTON
<PAGE>
BOMBARDIER CAPITAL SENIOR/SUBORDINATE
PASS-THROUGH CERTIFICATES, SERIES 1998-A
COMPUTATIONAL MATERIALS
BOND PROFILE SUMMARY
_____________________________________________________________________________
Percent of MHP: 0 75 100 160 200 300
_____________________________________________________________________________
M AA MEZZ
Price: 100-00 Coupon: 6.7200 Original Par: 16,517,000
_____________________________________________________________________________
TO CALL:
Bond Yield: 6.79 6.79 6.78 6.78 6.78 6.77
Average Life: 22.90 16.02 14.13 11.10 10.09 8.30
Duration: 11.24 9.24 8.56 7.33 6.92 6.10
First Prin Pay: 2/14 12/05 8/04 2/03 2/03 3/03
Last Prin Pay: 12/25 6/21 5/19 3/15 11/12 9/08
___________________________
TO MATURITY:
Bond Yield: 6.79 6.79 6.78 6.78 6.78 6.77
Average Life: 22.92 16.08 14.20 11.19 10.28 8.78
Duration: 11.24 9.25 8.57 7.36 6.99 6.31
First Prin Pay: 2/14 12/05 8/04 2/03 2/03 3/03
Last Prin Pay: 5/26 7/22 10/20 9/16 12/14 9/11
_____________________________________________________________________________
B1 BBB SUB
Price: 99-31 Coupon: 7.1100 Original Par: 19,430,000
_____________________________________________________________________________
TO CALL:
Bond Yield: 7.19 7.19 7.19 7.18 7.18 7.17
Average Life: 22.13 14.75 12.90 10.00 9.23 7.94
Duration: 10.73 8.67 7.99 6.77 6.43 5.81
First Prin Pay: 2/14 12/05 8/04 2/03 2/03 3/03
Last Prin Pay: 6/25 3/20 11/17 4/14 9/12 9/08
___________________________
TO MATURITY:
Bond Yield: 7.19 7.19 7.19 7.18 7.18 7.17
Average Life: 22.13 14.75 12.90 10.00 9.23 8.00
Duration: 10.73 8.67 7.99 6.77 6.43 5.84
First Prin Pay: 2/14 12/05 8/04 2/03 2/03 3/03
Last Prin Pay: 6/25 3/20 11/17 4/14 9/12 12/09
_____________________________________________________________________________
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented'constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdictior
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT | FIRST
SUISSE | BOSTON
<PAGE>
BOMBARDIER CAPITAL SENIOR/SUBORDINATED
PASS-THROUGH CERTIFICATES, SERIES 1998-A
COMPUTATIONAL MATERIALS
<TABLE>
<CAPTION>
Percent of Principal Outstanding of Class A-1
__________________________________________________________________________________________
Percent of MHP: 0 75 100 160 200 300
__________________________________________________________________________________________
<S> <C> <C> <C> <C> <C> <C>
Initial Percent 100 100 100 100 100 100
January 15, 1999 86 70 65 53 45 24
January 15, 2000 80 47 36 10 0 0
January 15, 2001 74 22 6 0 0 0
January 15, 2002 68 0 0 0 0 0
January 15, 2003 60 0 0 0 0 0
January 15, 2004 52 0 0 0 0 0
January 15, 2005 43 0 0 0 0 0
January 15, 2006 33 0 0 0 0 0
January 15, 2007 21 0 0 0 0 0
January 15, 2008 10 0 0 0 0 0
January 15, 2009 0 0 0 0 0 0
January 15, 2010 0 0 0 0 0 0
January 15, 2011 0 0 0 0 0 0
January 15, 2012 0 0 0 0 0 0
January 15, 2013 0 0 0 0 0 0
January 15, 2014 0 0 0 0 0 0
January 15, 2015 0 0 0 0 0 0
January 15, 2016 0 0 0 0 0 0
January 15, 2017 0 0 0 0 0 0
January 15, 2018 0 0 0 0 0 0
January 15, 2019 0 0 0 0 0 0
January 15, 2020 0 0 0 0 0 0
January 15, 2021 0 0 0 0 0 0
January 15, 2022 0 0 0 0 0 0
January 15, 2023 0 0 0 0 0 0
January 15, 2024 0 0 0 0 0 0
January 15, 2025 0 0 0 0 0 0
January 15, 2026 0 0 0 0 0 0
January 15, 2027 0 0 0 0 0 0
January 15, 2028 0 0 0 0 0 0
Avg Life In Years: 5.8 1.9 1.6 1.1 0.9 0.7
- ------------------------------------------------------------------------------------------
</TABLE>
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT | FIRST
SUISSE | BOSTON
<PAGE>
BOMBARDIER CAPITAL SENIOR/SUBORDINATED
PASS-THROUGH CERTIFICATES, SERIES 1998-A
COMPUTATIONAL MATERIALS
<TABLE>
<CAPTION>
Percent of Principal Outstanding of Class A-2
____________________________________________________________________________________________
Percent of MHP: 0 75 100 160 200 300
____________________________________________________________________________________________
<S> <C> <C> <C> <C> <C> <C>
Initial Percent 100 100 100 100 100 100
January 15, 1999 100 100 100 100 100 100
January 15, 2000 100 100 100 100 90 31
January 15, 2001 100 100 100 54 19 0
January 15, 2002 100 98 68 0 0 0
January 15, 2003 100 65 29 0 0 0
January 15, 2004 100 33 0 0 0 0
January 15, 2005 100 2 0 0 0 0
January 15, 2006 100 0 0 0 0 0
January 15, 2007 100 0 0 0 0 0
January 15, 2008 100 0 0 0 0 0
January 15, 2009 96 0 0 0 0 0
January 15, 2010 75 0 0 0 0 0
January 15, 2011 53 0 0 0 0 0
January 15, 2012 27 0 0 0 0 0
January 15, 2013 1 0 0 0 0 0
January 15, 2014 0 0 0 0 0 0
January 15, 2015 0 0 0 0 0 0
January 15, 2016 0 0 0 0 0 0
January 15, 2017 0 0 0 0 0 0
January 15, 2018 0 0 0 0 0 0
January 15, 2019 0 0 0 0 0 0
January 15, 2020 0 0 0 0 0 0
January 15, 2021 0 0 0 0 0 0
January 15, 2022 0 0 0 0 0 0
January 15, 2023 0 0 0 0 0 0
January 15, 2024 0 0 0 0 0 0
January 15, 2025 0 0 0 0 0 0
January 15, 2026 0 0 0 0 0 0
January 15, 2027 0 0 0 0 0 0
January 15, 2028 0 0 0 0 0 0
Avg Life In Years: 13.1 5.5 4.5 3.1 2.6 1.8
- --------------------------------------------------------------------------------------------
</TABLE>
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT | FIRST
SUISSE | BOSTON
<PAGE>
BOMBARDIER CAPITAL SENIOR/SUBORDINATED
PASS-THROUGH CERTIFICATES, SERIES 1998-A
COMPUTATIONAL MATERIALS
<TABLE>
<CAPTION>
Percent of Principal Outstanding of Class A-3
____________________________________________________________________________________________
Percent of MHP: 0 75 100 160 200 300
____________________________________________________________________________________________
<S> <C> <C> <C> <C> <C> <C>
Initial Percent 100 100 100 100 100 100
January 15, 1999 100 100 100 100 100 100
January 15, 2000 100 100 100 100 100 100
January 15, 2001 100 100 100 100 100 34
January 15, 2002 100 100 100 99 54 0
January 15, 2003 100 100 100 45 0 0
January 15, 2004 100 100 91 17 0 0
January 15, 2005 100 100 60 0 0 0
January 15, 2006 100 70 38 0 0 0
January 15, 2007 100 50 17 0 0 0
January 15, 2008 100 32 0 0 0 0
January 15, 2009 100 14 0 0 0 0
January 15, 2010 100 0 0 0 0 0
January 15, 2011 100 0 0 0 0 0
January 15, 2012 100 0 0 0 0 0
January 15, 2013 100 0 0 0 0 0
January 15, 2014 73 0 0 0 0 0
January 15, 2015 54 0 0 0 0 0
January 15, 2016 33 0 0 0 0 0
January 15, 2017 10 0 0 0 0 0
January 15, 2018 0 0 0 0 0 0
January 15, 2019 0 0 0 0 0 0
January 15, 2020 0 0 0 0 0 0
January 15, 2021 0 0 0 0 0 0
January 15, 2022 0 0 0 0 0 0
January 15, 2023 0 0 0 0 0 0
January 15, 2024 0 0 0 0 0 0
January 15, 2025 0 0 0 0 0 0
January 15, 2026 0 0 0 0 0 0
January 15, 2027 0 0 0 0 0 0
January 15, 2028 0 0 0 0 0 0
Avg Life In Years: 17.2 9.2 7.6 5.1 4.1 2.9
- --------------------------------------------------------------------------------------------
</TABLE>
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT | FIRST
SUISSE | BOSTON
<PAGE>
BOMBARDIER CAPITAL SENIOR/SUBORDINATED
PASS-THROUGH CERTIFICATES, SERIES 1998-A
COMPUTATIONAL MATERIALS
<TABLE>
<CAPTION>
Percent of Principal Outstanding of Class A-4
____________________________________________________________________________________________
Percent of MHP: 0 75 100 160 200 300
____________________________________________________________________________________________
<S> <C> <C> <C> <C> <C> <C>
Initial Percent 100 100 100 100 100 100
January 15, 1999 100 100 100 100 100 100
January 15, 2000 100 100 100 100 100 100
January 15, 2001 100 100 100 100 100 100
January 15, 2002 100 100 100 100 100 52
January 15, 2003 100 100 100 100 94 0
January 15, 2004 100 100 100 100 67 0
January 15, 2005 100 100 100 92 43 0
January 15, 2006 100 100 100 68 22 0
January 15, 2007 100 100 100 47 4 0
January 15, 2008 100 100 98 29 0 0
January 15, 2009 100 100 80 12 0 0
January 15, 2010 100 96 62 0 0 0
January 15, 2011 100 79 45 0 0 0
January 15, 2012 100 62 29 0 0 0
January 15, 2013 100 45 14 0 0 0
January 15, 2014 100 30 0 0 0 0
January 15, 2015 100 15 0 0 0 0
January 15, 2016 100 1 0 0 0 0
January 15, 2017 100 0 0 0 0 0
January 15, 2018 86 0 0 0 0 0
January 15, 2019 72 0 0 0 0 0
January 15, 2020 57 0 0 0 0 0
January 15, 2021 39 0 0 0 0 0
January 15, 2022 20 0 0 0 0 0
January 15, 2023 0 0 0 0 0 0
January 15, 2024 0 0 0 0 0 0
January 15, 2025 0 0 0 0 0 0
January 15, 2026 0 0 0 0 0 0
January 15, 2027 0 0 0 0 0 0
January 15, 2028 0 0 0 0 0 0
Avg Life In Years: 22.3 14.8 12.8 9.0 6.8 4.1
- --------------------------------------------------------------------------------------------
</TABLE>
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT | FIRST
SUISSE | BOSTON
<PAGE>
BOMBARDIER CAPITAL SENIOR/SUBORDINATED
PASS-THROUGH CERTIFICATES, SERIES 1998-A
COMPUTATIONAL MATERIALS
<TABLE>
<CAPTION>
Percent of Principal Outstanding of Class A-5
________________________________________________________________________________________
Percent of MHP: 0 75 100 160 200 300
________________________________________________________________________________________
<S> <C> <C> <C> <C> <C> <C>
Initial Percent 100 100 100 100 100 100
January 15, 1999 100 100 100 100 100 100
January 15, 2000 100 100 100 100 100 100
January 15, 2001 100 100 100 100 100 100
January 15, 2002 100 100 100 100 100 100
January 15, 2003 100 100 100 100 100 86
January 15, 2004 100 100 100 100 100 71
January 15, 2005 100 100 100 100 100 57
January 15, 2006 100 100 100 100 100 45
January 15, 2007 100 100 100 100 100 36
January 15, 2008 100 100 100 100 89 29
January 15, 2009 100 100 100 100 75 22
January 15, 2010 100 100 100 97 64 17
January 15, 2011 100 100 100 84 54 13
January 15, 2012 100 100 100 72 45 8
January 15, 2013 100 100 100 61 37 0
January 15, 2014 100 100 100 52 30 0
January 15, 2015 100 100 88 43 24 0
January 15, 2016 100 100 76 36 14 0
January 15, 2017 100 87 64 27 6 0
January 15, 2018 100 74 53 17 0 0
January 15, 2019 100 65 46 10 0 0
January 15, 2020 100 56 39 4 0 0
January 15, 2021 100 48 31 0 0 0
January 15, 2022 100 39 21 0 0 0
January 15, 2023 100 28 11 0 0 0
January 15, 2024 82 17 3 0 0 0
January 15, 2025 63 6 0 0 0 0
January 15, 2026 42 0 0 0 0 0
January 15, 2027 7 0 0 0 0 0
January 15, 2028 0 0 0 0 0 0
- ----------------------------------------------------------------------------------------
Avg Life In Years: 27.5 22.7 20.8 16.5 13.9 8.4
</TABLE>
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT | FIRST
SUISSE | BOSTON
<PAGE>
BOMBARDIER CAPITAL SENIOR/SUBORDINATED
PASS-THROUGH CERTIFICATES, SERIES 1998-A
COMPUTATIONAL MATERIALS
<TABLE>
<CAPTION>
Percent of Principal Outstanding of Class M
__________________________________________________________________________________________
Percent of MHP: 0 75 100 160 200 300
__________________________________________________________________________________________
<S> <C> <C> <C> <C> <C> <C>
Initial Percent 100 100 100 100 100 100
January 15, 1999 100 100 100 100 100 100
January 15, 2000 100 100 100 100 100 100
January 15, 2001 100 100 100 100 100 100
January 15, 2002 100 100 100 100 100 100
January 15, 2003 100 100 100 100 100 100
January 15, 2004 100 100 100 89 87 82
January 15, 2005 100 100 96 78 75 66
January 15, 2006 100 99 88 69 64 53
January 15, 2007 100 91 80 61 55 42
January 15, 2008 100 85 73 53 47 33
January 15, 2009 100 78 66 47 40 26
January 15, 2010 100 72 60 41 34 19
January 15, 2011 100 66 54 35 28 7
January 15, 2012 100 60 48 30 24 0
January 15, 2013 100 54 43 26 17 0
January 15, 2014 100 48 38 22 8 0
January 15, 2015 93 43 33 14 0 0
January 15, 2016 85 38 29 5 0 0
January 15, 2017 77 33 24 0 0 0
January 15, 2018 68 28 19 0 0 0
January 15, 2019 63 24 12 0 0 0
January 15, 2020 58 21 5 0 0 0
January 15, 2021 52 13 0 0 0 0
January 15, 2022 45 4 0 0 0 0
January 15, 2023 37 0 0 0 0 0
January 15, 2024 31 0 0 0 0 0
January 15, 2025 24 0 0 0 0 0
January 15, 2026 7 0 0 0 0 0
January 15, 2027 0 0 0 0 0 0
January 15, 2028 0 0 0 0 0 0
Avg Life In Years: 22.9 16.1 14.2 11.2 10.3 8.8
- ------------------------------------------------------------------------------------------
</TABLE>
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT | FIRST
SUISSE | BOSTON
<PAGE>
BOMBARDIER CAPITAL SENIOR/SUBORDINATED
PASS-THROUGH CERTIFICATES, SERIES 1998-A
COMPUTATIONAL MATERIALS
<TABLE>
<CAPTION>
Percent of Principal Outstanding of Class B-1
- ------------------------------------------------------------------------------------------
Percent of MHP: 0 75 100 160 200 300
- ------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Initial Percent 100 100 100 100 100 100
January 15, 1999 100 100 100 100 100 100
January 15, 2000 100 100 100 100 100 100
January 15, 2001 100 100 100 100 100 100
January 15, 2002 100 100 100 100 100 100
January 15, 2003 100 100 100 100 100 100
January 15, 2004 100 100 100 89 87 82
January 15, 2005 100 100 96 78 75 65
January 15, 2006 100 99 88 69 63 46
January 15, 2007 100 91 80 58 49 31
January 15, 2008 100 85 73 47 38 18
January 15, 2009 100 78 66 37 28 8
January 15, 2010 100 72 57 29 19 0
January 15, 2011 100 65 48 21 11 0
January 15, 2012 100 56 40 13 4 0
January 15, 2013 100 48 32 7 0 0
January 15, 2014 100 40 25 1 0 0
January 15, 2015 93 32 18 0 0 0
January 15, 2016 85 25 11 0 0 0
January 15, 2017 77 17 5 0 0 0
January 15, 2018 68 10 0 0 0 0
January 15, 2019 62 5 0 0 0 0
January 15, 2020 54 1 0 0 0 0
January 15, 2021 45 0 0 0 0 0
January 15, 2022 35 0 0 0 0 0
January 15, 2023 24 0 0 0 0 0
January 15, 2024 15 0 0 0 0 0
January 15, 2025 4 0 0 0 0 0
January 15, 2026 0 0 0 0 0 0
January 15, 2027 0 0 0 0 0 0
January 15, 2028 0 0 0 0 0 0
Avg Life In Years: 22.1 14.8 12.9 10.0 9.2 8.0
- ------------------------------------------------------------------------------------------
</TABLE>
The above analysis is not intended to be a prospectus and any investment
decision with respect to the security should be made by you based solely upon
all of the information contained in the final prospectus. Under no circumstances
shall the information presented constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of such jurisdiction.
The securities may not be sold nor may an offer to buy be accepted prior to the
delivery of a final prospectus relating to the securities. The above preliminary
description of the underlying assets has been provided by the issuer and has not
been independently verified by Credit Suisse First Boston. All information
described above is preliminary, limited in nature and subject to completion or
amendment. Credit Suisse First Boston makes no representations that the above
referenced security will actually perform as described in any scenario
presented.
CREDIT | FIRST
SUISSE | BOSTON
