10/17/2024 | Press release | Distributed by Public on 10/17/2024 04:01
Filed Pursuant to Rule 433
Registration No. 333-261901
**PRICED** $1.69+B SDART 2024-5 SUBPRIME AUTO ABS
Joint Lead Bookrunners: Wells Fargo Securities (str), Citi, Mizuho, and Santander US Capital Markets
DE&I coordinator: Wells Fargo
DE&I co-managers: Cabrera Capital Markets, LLC and AmeriVet Securities, Inc.
-CAPITAL STRUCTURE-
Class |
Size ($MM) |
WAL* | Moody's/Fitch | P.WIN | E.FNL | L.FNL | BNCH | SPRD | YLD% | CPN% | $PX | |||||||||||
=========================================================================================================== |
||||||||||||||||||||||
A-1 | 199.930 | 0.10 | P-1/F1+ | 01-03 | 01/25 | 10/25 | ICUR | |||||||||||||||
A-2 | 563.580 |
0.61 |
Aaa/AAA |
03-14 |
12/25 |
09/27 |
ICUR |
57 |
4.937 |
4.880 |
99.99606 |
|||||||||||
A-3 | 325.950 |
1.54 |
Aaa/AAA |
14-24 |
10/26 |
11/28 |
ICUR |
63 |
4.667 |
4.620 |
99.99683 |
|||||||||||
B | 206.620 |
2.29 |
Aaa/AA |
24-32 |
06/27 |
08/29 |
ICUR |
77 |
4.680 |
4.630 |
99.98933 |
|||||||||||
C | 187.840 |
2.97 |
Aa2/A | 32-41 |
03/28 |
01/31 |
ICUR |
98 |
4.831 |
4.780 |
99.99167 |
|||||||||||
D | 216.010 |
3.70 |
Baa2/BBB | 41-46 |
08/28 |
02/32 |
ICUR |
135 |
5.198 |
5.140 |
99.99152 |
|||||||||||
=========================================================================================================== |
*1.50% ABS to 10.00% Clean-Up Call
-TRANSACTION SUMMARY-
Size: $1.69+b (NO GROW)
Format: SEC Registered
ERISA: Yes
Min Denoms: 1k x 1k
Expected Ratings: Moody's / Fitch
Ticker: SDART 2024-5
First Interest Payment: 11/15/2024
Exp. Settle: 10/29/2024
B&D: Wells Fargo
-MARKETING MATERIALS-
Preliminary Prospectus: attached
FWP: attached
Intex CDI: attached
Intexnet Deal Name: wssdart_2405 Password: V369
Dealroadshow: https://dealroadshow.com Code: SDART2024-5
Dealroadshow Direct Link: https://dealroadshow.com/e/SDART2024-5
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 calling 1-800-645-3751 or visiting www.sec.gov. If this communication relates to a securities offering exempt from US registration, you should contact your sales representative for the complete disclosure package. For information regarding Wells Fargo, see https://www.wellsfargo.com/com/disclaimer/ged5. In Asia, see: https://www.wellsfargo.com/com/disclaimer/ap4. This communication will be retained and may be monitored.