0001193125-18-198114.txt : 20180620 0001193125-18-198114.hdr.sgml : 20180620 20180620172104 ACCESSION NUMBER: 0001193125-18-198114 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20180620 DATE AS OF CHANGE: 20180620 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Santander Drive Auto Receivables Trust 2018-3 CENTRAL INDEX KEY: 0001742444 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: 333-206684-09 FILM NUMBER: 18910195 BUSINESS ADDRESS: STREET 1: 1601 ELM STREET STREET 2: SUITE 800 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 214-634-1110 MAIL ADDRESS: STREET 1: 1601 ELM STREET STREET 2: SUITE 800 CITY: DALLAS STATE: TX ZIP: 75201 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Santander Drive Auto Receivables Trust 2018-3 CENTRAL INDEX KEY: 0001742444 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 1601 ELM STREET STREET 2: SUITE 800 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 214-634-1110 MAIL ADDRESS: STREET 1: 1601 ELM STREET STREET 2: SUITE 800 CITY: DALLAS STATE: TX ZIP: 75201 FWP 1 d814324dfwp.htm FWP FWP

Filed Pursuant to Rule 433

Registration No. 333-206684-09

*PRICING DETAILS* $1.1bln+  SDART  2018-3  (Subprime Auto)

**PXG DETAILS**  $1.1bln+ Santander Drive Auto Receivables Trust (SDART) 2018-3

Joint Leads:    J.P. Morgan (struc), Barclays, Citi

Co-Managers:    MUFG, Santander, Wells

 

CL    AMT($MM)    WAL    MDY/S    P.WIN    E.FIN    L.FIN    SPREAD    YLD%    CPN%    $PX

 

A-1    208.00    0.18    P-1/A-1+    1-5    11/18    06/19       2.450    2.45    100.00000
A-2-A    232.00    0.74    Aaa/AAA    5-15    09/19    03/21    EDSF+27    2.803    2.78    99.99510
A-2-B    50.00    0.74    Aaa/AAA    5-15    09/19    03/21    1ML +27          100.00000
A-3    144.95    1.47    Aaa/AAA    15-21    03/20    02/22    EDSF+31    3.051    3.03    99.99751
B    139.52    2.04    Aa1/AA    21-28    10/20    10/22    IntS+50    3.320    3.29    99.98578
C    177.33    2.75    Aa2/A-    28-39    09/21    08/23    IntS+67    3.544    3.51    99.97886
D    159.72    3.67    Baa1/BBB    39-49    07/22    08/24    IntS+120    4.112    4.07    99.97562

 

 

Expected Settle:    06/27/18    Registration:    SEC Registered
First Pay Date:    07/16/18    ERISA Eligible:    Yes
Expected Ratings:    Moody’s, S&P    Min Denoms:    $1k x $1k
Ticker:    SDART 2018-3    Pxing Speed:    1.5% ABS to 10% Call
Expected Pricing:    Priced    Bill & Deliver:    J.P. Morgan

 

CUSIPs    A-1: 80285GAA0    Available Information:
   A-2-A: 80285GAB8    * Preliminary Prospectus (attached)
   A-2-B: 80285GAC6    * Ratings FWP (attached)
   A-3: 80285GAD4    * DealRoadshow.com: SDART20183
   B: 80285GAE2    * IntexNet/CDI (via separate message)
   C: 80285GAF9   
   D: 80285GAG7   

 

 

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 1-800-408-1016 or by emailing the ABS Syndicate Desk at abs_synd@jpmorgan.com.