FWP 1 d625065dfwp.htm FWP FWP

Filed Pursuant to Rule 433
Registration No. 333-206684-11

Free Writing Prospectus dated October 9, 2018

 

LOGO

Santander Drive Auto Receivables Trust 2018-5

Issuing Entity

 

Santander Drive Auto Receivables LLC   Santander Consumer USA Inc.
Depositor   Sponsor and Servicer

The depositor has prepared a preliminary prospectus dated October 9, 2018 which describes the notes to be issued by the issuing entity. You should review the preliminary prospectus in its entirety before deciding to purchase any of the notes.

Ratings

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

 

     Fitch Ratings,
Inc.
     S&P Global
Ratings
 

Class A-1 Notes

     F1+sf        A-1+  (sf) 

Class A-2-A Notes

     AAAsf        AAA  (sf) 

Class A-2-B Notes

     AAAsf        AAA  (sf) 

Class A-3 Notes

     AAAsf        AAA  (sf) 

Class B Notes

     AAsf        AA  (sf) 

Class C Notes

     Asf        A-  (sf) 

Class D Notes

     BBBsf        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

 

RBC Capital Markets   J.P. Morgan   SOCIETE GENERALE
  Solely with respect to the Class A notes:  
BMO Capital Markets   Deutsche Bank Securities   Santander

 

 

The depositor 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 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 toll-free 1-866-375-6829.