Filed Pursuant to Rule 433
Registration No. 333-206684-08
« PRICING DETAILS« $1bln+ SDART2018-2 (Subprime Auto)
**PXG DETAILS** $1bln+ Santander Drive Auto Receivables Trust (SDART) 2018-2
Joint Leads: J.P. Morgan (struc), BNP Paribas, Citi
Co-Managers: Bank of Montreal, Deutsche Bank, SIS
CL | AMT($MM) | WAL | MDY/F | E.FINAL | L.FINAL | SPREAD | YLD% | CPN% | $PX | |||||||||||||||||||||||
A-1 | 210.00 | 0.20 | P-1/F1+ | 09/15/18 | 04/05/19 | 2.350 | 2.35 | 100.00000 | ||||||||||||||||||||||||
A-2-A | 175.00 | 0.68 | Aaa/AAA | 05/15/19 | 10/15/20 | EDSF+25 | 2.604 | 2.58 | 99.99326 | |||||||||||||||||||||||
A-2-B | 75.00 | 0.68 | Aaa/AAA | 05/15/19 | 10/15/20 | 1ML +25 | 100.00000 | |||||||||||||||||||||||||
A-3 | 126.63 | 1.34 | Aaa/AAA | 12/15/19 | 09/15/21 | EDSF+28 | 2.774 | 2.75 | 99.98939 | |||||||||||||||||||||||
B | 166.60 | 2.02 | Aa1/AA- | 09/15/20 | 09/15/22 | IntS+45 | 3.057 | 3.03 | 99.98495 | |||||||||||||||||||||||
C | 151.73 | 2.88 | Aa3/A- | 08/15/21 | 07/17/23 | IntS+70 | 3.375 | 3.35 | 99.99590 | |||||||||||||||||||||||
D | 106.50 | 3.72 | Baa2/BBB | 04/15/22 | 02/15/24 | IntS+120 | 3.916 | 3.88 | 99.98474 | |||||||||||||||||||||||
E | 83.30 | 3.99 | NR/BB- | 04/15/22 | 09/15/25 | *RETAINED | * |
Expected Settle: 04/18/18 | Registration: A-1 - D: SEC Registered | |
First Pay Date: 05/15/18 | E: 144a | |
Expected Ratings : Moody’s, Fitch | ERISA Eligible: A-1 - D Only | |
Ticker: SDART 2018-2 | Min Denoms: A-1 - D: $1k x $1k | |
Bill & Deliver: J.P. Morgan | E: $2,100k x $1k | |
Expected Pricing: Priced | Pxing Speed: 1.5% ABS to 10% Call |
CUSIPs | A-1: 80285FAA2 | Available Information: | ||
A-2-A: 80285FAB0 | * Preliminary Prospectus (attached) | |||
A-2-B: 80285FAC8 | * Ratings FWP (attached) | |||
A-3: 80285FAD6 | * DealRoadshow.com: SDART20182 | |||
B: 80285FAE4 | * IntexNet/CDI (via separate message) | |||
C: 80285FAF1 | ||||
D: 80285FAG9 | ||||
E: 80285FAH7 |
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 atwww.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 atabs_synd@jpmorgan.com.