FWP 1 d551697dfwp.htm FWP FWP

Filed Pursuant to Rule 433

Registration No. 333-215494-06

** Priced ** Drive Auto Receivables Trust 2018-3 (Subprime Auto)

Joint Bookrunners: Citi (Str.), BMO, Wells Fargo

Co-Managers: DB, RBC, SIS

 

CLS    Prin($mm)    WAL    Mdy’s/S&P    Wind    Bench    Sprd    YLD    CPN    $PX      

 

     

A1

   155.000    0.13    P-1/A-1+    1-3    08/15/19    IL+30    2.43292    2.43292    100.00000      

A2

   290.000    0.47    Aaa/AAA    3-10    10/15/20    EDSF+30    2.767    2.75    99.99951      

A3

   203.310    1.08    Aaa/AAA    10-17    11/15/21    EDSF+36    3.034    3.01    99.99479      

B

   177.480    1.65    Aa1/AA    17-23    09/15/22    EDSF+60    3.396    3.37    99.99654      

C

   236.650    2.33    Aa3/A    23-33    09/16/24    IntS+90    3.753    3.72    99.99120      

D

   221.850    3.25    Baa3/BBB    33-45    09/16/24    IntS+145    4.340    4.30    99.99629      

E

   73.130    ***Retained***                        

 

     

Transaction Details

 

* Deal Size: $1,357,420,000   
* Offered Bonds: $1,284,290,000    * Risk Retention: US / EU
* Ticker: DRIVE 2018-3    * Registration: SEC Registered
* Exp. Ratings: Moody’s / S&P    * ERISA Eligible: Yes
* Pricing Speed: 1.75% ABS, 10% Call    * Exp. Settle: 07/24/2018
* Min Denoms: $1k x $1k (A-D)    * First Pay: 08/15/2018
* Bill & Deliver: Citi   

 

 

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.