Filed Pursuant to Rule 433
Registration No. 333-206684-04
**FULL PXING** $1.0BN+ Santander Drive Auto (SDART) 2017-1
$1.023BN+ Santander Drive Auto Receivables Trust (SDART) 2017-1
Joint Leads: Citi (Str.), Barclays, JP Morgan
Co-Managers: MUFG, Santander, Societe Generale
CL | Class Size(MM) | Offered AMT(MM) | WAL | M/S* | L.FIN | BNCH | SPREAD | YLD | CPN | PX | ||||||||||||||||||||||||||
A-1 | $ | 194.00 | $ | 184.30 | 0.18 | P-1/A-1+ | 03/18 | Yld% | 0.95 | % | 0.950 | 0.95 | 100.00000 | |||||||||||||||||||||||
A-2 | $ | 310.00 | $ | 294.50 | 0.86 | Aaa/AAA | 02/20 | EDSF | +24 | 1.498 | 1.49 | 99.99717 | ||||||||||||||||||||||||
A-3 | $ | 111.67 | $ | 106.08 | 1.60 | Aaa/AAA | 09/20 | EDSF | +32 | 1.777 | 1.77 | 99.99931 | ||||||||||||||||||||||||
B | $ | 129.75 | $ | 123.26 | 2.10 | Aa1/AA | 06/21 | IS | +55 | 2.113 | 2.10 | 99.99233 | ||||||||||||||||||||||||
C | $ | 156.67 | $ | 148.83 | 2.81 | Aa3/A | 05/22 | IS | +90 | 2.595 | 2.58 | 99.99714 | ||||||||||||||||||||||||
D | $ | 126.08 | $ | 119.77 | 3.67 | Baa2/BBB | 04/23 | IS | +137 | 3.196 | 3.17 | 99.98304 | ||||||||||||||||||||||||
E | $ | 48.96 | $ | 46.51 | 3.88 | Ba3/BB | 07/24 | IS | +325 | 5.107 | 5.05 | 99.98794 |
*Expected Ratings
Ticker: | SDART 2017-1 | ERISA Eligible: | Yes | (Class A-D only) | ||||||||
Expected Ratings: | Moody’s, S&P | |||||||||||
Pxg Speed: | 1.50% ABS, 10% call | Settle: | 02/28/17 | |||||||||
Bill & Deliver: | Citi | First Pay: | 03/15/17 | |||||||||
Min Denoms: | A-1: | $1K x $1K | Registration: | A-1: | SEC Registered | |||||||
A-2: | $1K x $1K | A-2: | SEC Registered | |||||||||
A-3: | $1K x $1K | A-3: | SEC Registered | |||||||||
B: | $1K x $1K | B: | SEC Registered | |||||||||
C: | $1K x $1K | C: | SEC Registered | |||||||||
D: | $1K x $1K | D: | SEC Registered | |||||||||
E: | $1.3mm x $1k | E: | 144A ONLY | |||||||||
CUSIPS: | A-1: | 80284T AB1 | ||||||||||
A-2: | 80284T AD7 | |||||||||||
A-3: | 80284T AF2 | |||||||||||
B: | 80284T AH8 | |||||||||||
C: | 80284T AK1 | |||||||||||
D: | 80284T AM7 | |||||||||||
E | (144A): 80284T AP0 |
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-free 1-800-831-9146.