Filed Pursuant to Rule 433
RegistrationNo. 333-215494-09
*FULL PRICING* $1.033+BLN Drive Auto Receivables Trust (DRIVE)2019-1JT-LEADS : Deutsche Bank (str), Citigroup, Societe Generale
CO-MGRS: BMO, Santander, Wells Fargo
CL | AMT(MM) | WAL | MDY/S&P | LEGAL | BENCH | PX-SPRD | YLD | CPN | $PX | |||||||||||||||
A1 | $ | 140.000 | 0.11 | P1/A1+ | 01/20 | Int L | + 23 | 2.77978 | 2.77978 | 100.00000 | ||||||||||||||
A2A | $ | 208.000 | 0.53 | Aaa/AAA | 09/21 | EDSF | + 38 | 3.105 | 3.08 | 99.99740 | ||||||||||||||
A2B | $ | 90.000 | 0.53 | Aaa/AAA | 09/21 | 1-ML | + 39 | — | 1ML+39 | 100.00000 | ||||||||||||||
A3 | $ | 159.480 | 1.32 | Aaa/AAA | 10/22 | EDSF | + 48 | 3.204 | 3.18 | 99.99644 | ||||||||||||||
B | $ | 113.070 | 1.89 | Aa1/AA | 06/23 | EDSF | + 75 | 3.443 | 3.41 | 99.98441 | ||||||||||||||
C | $ | 164.470 | 2.55 | A1/A | 04/25 | ISWPS | + 115 | 3.813 | 3.78 | 99.99266 | ||||||||||||||
D | $ | 158.040 | 3.45 | Baa3/BBB | 06/26 | ISWPS | + 150 | 4.127 | 4.09 | 99.99382 |
* PX Speed: | 1.75 ABS 10% call | * Registration: | SEC-Registered (Public) | |||
* Exp Settle: | 1/23/2019 | * ERISA: | Yes | |||
* First Pay: | 2/15/2019 | * Min Denoms; | $1k x $1k | |||
* Exp Ratings: | Moody’s, S&P | * Timing: | Priced 1/15/2019 | |||
* BBG Ticker: | DRIVE2019-1 | * Bill & Deliver: | Deutsche Bank |
CUSIPS
A1 | 26208NAA2 | |
A2A | 26208NAB0 | |
A2B | 26208NAC8 | |
A3 | 26208NAD6 | |
B | 26208NAE4 | |
C | 26208NAF1 | |
D | 26208NAG9 |
The issuer has filed a registration statement (including a prospectus) with the SEC for the new 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 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 calling1-800-503-4611.
This communication does not contain all information that is required to be included in the prospectus. The information in this communication is preliminary, and is subject to completion or change. Any investment decision with respect to the securities should be made by you based upon the information contained in the prospectus relating to the securities. There can be no assurance that actual pricing will be completed at the indicated value(s). This communication is not an offer to sell or a solicitation of an offer to buy these securities in any state where such offer, solicitation or sale is not permitted. The foregoing also applies to any information provided in any subsequent discussion with you about the contents of this communication, regardless of the means of such subsequent discussion.