Filed Pursuant to Rule 433
Registration No. 333-261901
**Full Px Details** Santander Drive Subprime Auto Loan ABS (SDART 2024-2)
Joint Bookrunners: Barclays (Str), Santander, and Wells Fargo
DE&I Co-Managers : Academy Securities and Ramirez
Anticipated Capital Structure:
CL | Size(mm) | WAL^ | Moody’s/Fitch** | P.WIN^ | E.MTY^ | L.MTY | BENCH | SPRD | YLD(%) | CPN(%) | PX(%) | |||||||||||||
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A-1 | $134.410 | 0.11 | P-1/F1+ | 1-3 | 07/24 | 05/25 | I-Curv | *RETAINED* | ||||||||||||||||
A-2 | $581.410 | 0.71 | Aaa/AAA | 3-17 | 09/25 | 09/27 | I-Curv | +60 | 5.876 | 5.80 | 99.99657 | |||||||||||||
A-3 | $323.320 | 1.84 | Aaa/AAA | 17-28 | 08/26 | 11/28 | I-Curv | +70 | 5.700 | 5.63 | 99.99419 | |||||||||||||
B | $197.220 | 2.64 | Aaa/AA | 28-36 | 04/27 | 07/29 | I-Curv | +97 | 5.852 | 5.78 | 99.99559 | |||||||||||||
C | $142.390 | 3.25 | Aa2/A | 36-43 | 11/27 | 06/30 | I-Curv | +110 | 5.915 | 5.84 | 99.99020 | |||||||||||||
D | $230.820 | 3.93 | Baa3/NR | 43-49 | 05/28 | 08/31 | I-Curv | +160 | 6.367 | 6.28 | 99.98586 | |||||||||||||
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^ | Based on 1.50% ABS to 10% Clean-Up Call |
** | Expected Ratings |
PRICED
-Deal Summary-
Offered Size : $1,475,160,000 offered (no grow)
Exp. Pricing : Week of 4/15
Exp. Settle : April 24, 2024
Pxg Speed : 1.50% ABS to 10% Call
Offering Format: SEC REG
First Pay Date : 05/15/24
ERISA Eligible : Yes
Exp. Ratings : Moody’s/Fitch
Min Denoms : $1k x $1k
BBG Ticker : SDART 2024-2
B&D : Barclays
-Available Information-
* | Preliminary Prospectus, FWP : Attached |
* | Intex Deal Name : bcgsdar2402_preprice Password: A2BK |
* | Roadshow Link : www.dealroadshow.com Entry Code: SDART242 |
The issuer has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (SEC) for this offering. Before you invest, you should read the prospectus for this offering in that registration statement, and other documents that 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 searching the sec online database (EDGAR) at www.sec.gov. Alternatively, you may obtain a copy of the prospectus from Barclays Capital Inc. by calling 1-888-603-5847.