Issuer Free Writing Prospectus
Filed pursuant to Rule 433(d)
Registration No. 333-250153-01
Pricing Supplement
Dated June 12, 2023
United Airlines, Inc.
$1,320,110,000
2023-1 Pass Through Trust
Class A Pass Through Certificates, Series 2023-1
Pricing Supplement dated June 12, 2023 to the preliminary prospectus supplement dated June 12, 2023 relating to the Class A Certificates referred to below (as supplemented, the “Preliminary Prospectus Supplement”) of United Airlines, Inc. (“United”).
The information in this Pricing Supplement supplements the Preliminary Prospectus Supplement and supersedes the information in the Preliminary Prospectus Supplement to the extent inconsistent with the information in the Preliminary Prospectus Supplement.
Unless otherwise indicated, terms used but not defined herein have the meanings assigned to such terms in the Preliminary Prospectus Supplement.
| Securities: | Class A Pass Through Certificates, Series 2023-1 (“Class A Certificates”) |
| Amount: | $1,320,110,000 |
| CUSIP: | 90932L AJ6 |
| ISIN: | US90932LAJ61 |
| Coupon: | 5.80% |
| Make-Whole Spread over Treasuries: | 0.35% |
| Initial Maximum Commitment Amount Under Liquidity Facility: | $120,166,680 |
| Price to Public: | 100% |
| Underwriters: | |
| Citigroup Global Markets Inc. | $277,223,100 |
| Credit Suisse Securities (USA) LLC | $158,413,200 |
| Deutsche Bank Securities Inc. | $158,413,200 |
| Goldman Sachs & Co. LLC | $158,413,200 |
| BofA Securities, Inc. | $108,909,075 |
| Barclays Capital Inc. | $108,909,075 |
| J.P. Morgan Securities LLC | $108,909,075 |
| Morgan Stanley & Co. LLC | $108,909,075 |
| BNP Paribas Securities Corp. | $46,203,850 |
| Credit Agricole Securities (USA) Inc. | $46,203,850 |
| Natixis Securities Americas LLC | $19,801,650 |
| Academy Securities, Inc. | $6,600,550 |
| AmeriVet Securities, Inc. | $6,600,550 |
| Loop Capital Markets LLC | $6,600,550 |
| Concession to Selling Group Members: | 0.50% |
| Discount to Broker/Dealers: | 0.25% |
| Underwriting Commission: | $13,201,100 |
| Settlement: | June 20, 2023 (T+5) closing date, the 5th business day after the date hereof |
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Citigroup at 1-877-858-5407.