FWP 1 d312795dfwp.htm FREE WRITING PROSPECTUS Free Writing Prospectus

Filed Pursuant to Rule 433
Registration No. 333-165432

Free Writing Prospectus dated March 8, 2012

 

LOGO

$750,000,000

Santander Drive Auto Receivables Trust 2012-2

Issuing Entity

 

Santander Drive Auto

Receivables LLC

  Santander Consumer USA Inc.
Depositor   Sponsor and Servicer

The depositor has prepared a preliminary prospectus supplement dated March 8, 2012 and prospectus dated March 8, 2012 which describe the notes to be issued by the issuing entity. You should review the preliminary prospectus supplement and the prospectus in their entirety before deciding to purchase any of the notes.

Ratings

The depositor expects that the notes issued by the issuing entity will receive the indicated credit ratings from the nationally recognized statistical rating organizations, or “rating agencies,” listed below.

 

     Moody’s
Investors
Service, Inc.
  Standard &
Poor’s
Ratings
Services

Class A-1 Notes

   P-1 (sf)   A-1+ (sf)

Class A-2 Notes

   Aaa (sf)   AAA (sf)

Class A-3 Notes

   Aaa (sf)   AAA (sf)

Class B Notes

   Aa1 (sf)   AA (sf)

Class C Notes

   Aa3 (sf)   A (sf)

Class D Notes

   Baa2 (sf)   BBB (sf)

It is a condition to the issuance of the notes that, on the closing date, each class of notes receive at least the ratings listed above.

 

 

Underwriters

 

J.P. Morgan   Deutsche Bank Securities   Wells Fargo Securities
Solely with respect to the Class A Notes:
Barclays Capital   Santander

 

 

The depositor has filed a registration statement (including a prospectus supplement and prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus supplement and the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling 1-866-669-7629.