Filed Pursuant to Rule 433
RegistrationNo. 333-215494-04
** FULL PXING DETAILS ** $938mm DRIVE2018-1 (Subprime Auto)
Date: 02/14, 2018 16:24:11
New Issue ABS: DRIVE2018-1 (Subprime Auto) ** FULL PRICING DETAILS **
Joint Bookrunners: Wells Fargo (structuring), J.P. Morgan and Santander
Co-Managers: BNP, MUFG, SocGen
Class | Amt($mm) | Moody’s/S&P | WAL | LgFNL | BENCH | SPREAD | CPN% | YLD% | $PRICE | |||||||||||||
A1 | 155.000 | P-1/A-1+ | 0.13 | 3/15/19 | Yield | N/A | 1.91 | 1.910% | $100.00000 | |||||||||||||
A2 | 174.260 | Aaa/AAA | 0.43 | 4/15/20 | EDSF | +23 | 2.23 | 2.246% | 99.99766 | |||||||||||||
A3 | 86.050 | Aaa/AAA | 0.81 | 1/15/21 | EDSF | +28 | 2.42 | 2.438% | 99.99549 | |||||||||||||
B | 133.600 | Aa1/AA | 1.31 | 2/15/22 | EDSF | +60 | 2.88 | 2.907% | 99.98783 | |||||||||||||
C | 168.450 | Aa3/A | 2.06 | 3/15/23 | IntS | +80 | 3.22 | 3.249% | 99.98566 | |||||||||||||
D | 162.640 | Baa2/BBB | 3.06 | 5/15/24 | IntS | +125 | 3.81 | 3.843% | 99.99263 |
Deal Summary | ||||
-Size: $938,080,000 | ||||
-No Grow | ||||
-Rating Agencies | : | Moody’s / S&P | ||
-SEC Registered | : | Class A thru D (Class E are 144a) | ||
-Min Denoms | : | $1k x $1kClass A-D, $1.5mm x $1k Class E | ||
-ERISA Eligible | : | A1-D: Yes; E: No | ||
-Ticker | : | DRIVE2018-1 | ||
-Bill & Deliver | : | Wells Fargo | ||
-Expected Pricing | : | Priced | ||
-Expected Settle | : | 2/21/2018 | ||
-First Payment Date | : | 3/15/2018 | ||
Attachments | ||||
-Preliminary Prospectus, FWP, CDI | ||||
-Intexnet Dealname: wsdrive201801 | ||||
-Intexnet Password: Y7V2 | ||||
-DealRoadshow.com : DRIVE181 | ||||
If this communication relates to an offering of US registered securities (i) a registration statement has been filed with the SEC, (ii) before investing you should read the filed documents, and (iii) you may obtain these documents from your sales representative, by calling1-800-326-5897 or visitingwww.sec.gov.