0001193125-17-054491.txt : 20170224 0001193125-17-054491.hdr.sgml : 20170224 20170223204955 ACCESSION NUMBER: 0001193125-17-054491 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20170224 DATE AS OF CHANGE: 20170223 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Santander Drive Auto Receivables Trust 2017-1 CENTRAL INDEX KEY: 0001696935 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-206684-04 FILM NUMBER: 17634503 BUSINESS ADDRESS: STREET 1: 8585 NORTH STEMMONS FREEWAY STREET 2: SUITE 1100-N CITY: DALLAS STATE: TX ZIP: 75247 BUSINESS PHONE: 214-237-3530 MAIL ADDRESS: STREET 1: 8585 NORTH STEMMONS FREEWAY STREET 2: SUITE 1100-N CITY: DALLAS STATE: TX ZIP: 75247 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Santander Drive Auto Receivables Trust 2017-1 CENTRAL INDEX KEY: 0001696935 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 8585 NORTH STEMMONS FREEWAY STREET 2: SUITE 1100-N CITY: DALLAS STATE: TX ZIP: 75247 BUSINESS PHONE: 214-237-3530 MAIL ADDRESS: STREET 1: 8585 NORTH STEMMONS FREEWAY STREET 2: SUITE 1100-N CITY: DALLAS STATE: TX ZIP: 75247 FWP 1 d352715dfwp.htm FWP FWP

Filed Pursuant to Rule 433

Registration No. 333-206684-04

**FULL PXING** $1.0BN+ Santander Drive Auto (SDART) 2017-1

$1.023BN+ Santander Drive Auto Receivables Trust (SDART) 2017-1

Joint Leads: Citi (Str.), Barclays, JP Morgan

Co-Managers: MUFG, Santander, Societe Generale

 

CL

    Class
Size(MM)		      Offered
AMT(MM)		      WAL      M/S*    L.FIN      BNCH    SPREAD     YLD      CPN      PX  

A-1

    $ 194.00      $ 184.30      0.18    P-1/A-1+      03/18    Yld%      0.95 %      0.950      0.95        100.00000  

A-2

    $ 310.00      $ 294.50      0.86    Aaa/AAA      02/20    EDSF      +24     1.498      1.49      99.99717  

A-3

    $ 111.67      $ 106.08      1.60    Aaa/AAA      09/20    EDSF      +32       1.777      1.77      99.99931  

B

    $ 129.75      $ 123.26      2.10    Aa1/AA      06/21    IS      +55       2.113      2.10      99.99233  

C

    $ 156.67      $ 148.83      2.81    Aa3/A      05/22    IS      +90       2.595      2.58      99.99714  

D

    $ 126.08      $ 119.77      3.67    Baa2/BBB      04/23    IS      +137       3.196      3.17      99.98304  

E

    $ 48.96      $ 46.51      3.88    Ba3/BB      07/24    IS      +325     5.107      5.05      99.98794  

*Expected Ratings

 

Ticker:

    SDART 2017-1    ERISA Eligible:    Yes    (Class A-D only)

Expected Ratings:

    Moody’s, S&P            

Pxg Speed:

    1.50% ABS, 10% call    Settle:       02/28/17

Bill & Deliver:

    Citi       First Pay:       03/15/17

Min Denoms:

    A-1:    $1K x $1K    Registration:    A-1:    SEC Registered
   A-2:    $1K x $1K       A-2:    SEC Registered
   A-3:    $1K x $1K       A-3:    SEC Registered
   B:    $1K x $1K       B:    SEC Registered
   C:    $1K x $1K       C:    SEC Registered
   D:    $1K x $1K       D:    SEC Registered
   E:    $1.3mm x $1k       E:    144A ONLY

CUSIPS:

    A-1:    80284T AB1            
   A-2:    80284T AD7            
   A-3:    80284T AF2            
   B:    80284T AH8            
   C:    80284T AK1            
   D:    80284T AM7            
   E    (144A): 80284T AP0            

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 Website 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 toll-free 1-800-831-9146.