Filed Pursuant to Rule 433
Registration No. 333-215494-06
** Priced ** Drive Auto Receivables Trust2018-3 (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: DRIVE2018-3 | * 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 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 toll-free1-800-831-9146.