Santander Drive Auto Receivables LLC

10/17/2024 | Press release | Distributed by Public on 10/17/2024 04:01

Free Writing Prospectus - Form FWP

FWP

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.