Filed Pursuant to Rule 433
Registration No. 333-228364-18
*Pricing* $1.8bn Santander Drive Auto Receivables Trust 2021-4
Issuer: Santander Consumer USA
Lead Managers: Citi(str.), JPM, and SIS
DE&I Co-managers: AmeriVet Securities, Great Pacific Securities, Mischler Financial Group
Anticipated Capital Structure:
CL | OFF. AMT | WAL | F/M | L.FNL | BENCH | SPRD | YLD% | CPN | PX | |||||||||
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A-1 | $222.40 | 0.13 | F1+/P-1 | 11/15/2022 | Intl. | 7 | 0.16802 | 0.16802 | 100.00000 | |||||||||
A-2 | $543.10 | 0.64 | AAA/Aaa | 08/15/2024 | EDSF | 20 | 0.380 | 0.37 | 99.99378 | |||||||||
A-3 | $292.37 | 1.43 | AAA/Aaa | 08/15/2025 | EDSF | 15 | 0.517 | 0.51 | 99.99081 | |||||||||
B | $288.61 | 2.10 | AA/Aaa | 06/15/2026 | IntS | 30 | 0.887 | 0.88 | 99.98887 | |||||||||
C | $243.48 | 2.80 | A/Aa2 | 02/16/2027 | IntS | 47 | 1.271 | 1.26 | 99.97902 | |||||||||
D | $241.38 | 3.58 | BBB/Baa2 | 10/15/2027 | IntS | 70 | 1.685 | 1.67 | 99.96835 | |||||||||
E | $131.18 | 3.97 | NR/B2 | <<NOT OFFERED>> | ||||||||||||||
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– Deal Summary –
Deal Size: $1.8bn
Settle: 10/27/2021
Offering Format: SEC-registered
First Pay Date: 11/15/2021
ERISA: Yes
Exp. Ratings: Fitch / Moody’s
Min Denoms: $1k x $1k
BBG Ticker: SDART 2021-4
B&D: Citi
– Available Information –
* Preliminary Prospectus, FWP and CDI File (attached)
* Intex Deal Name: xsdar2104 Password: A7VA
* Link: https://dealroadshow.com Passcode: SDART214
Class CUSIP
A-1 80285VAA7
A-2 80285VAB5
A-3 80285VAC3
B 80285VAD1
C 80285VAE9
D 80285VAF6
E 80825VAG4
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 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 calling toll-free 1-800-831-9146. Any legends, disclaimers or notices that appear below are not applicable to this message and should be disregarded. Such text has been automatically generated via bloomberg or another system.