# EDGAR Filing Document

**Accession Number:** 0001383094
**File Stem:** 0001193125-23-010391
**Filing Date:** 2023-1
**Character Count:** 4154
**Document Hash:** 85d6aebbf6d11a24563dc6aa42b3d4c6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-010391.hdr.sgml**: 20230119

**ACCESSION NUMBER**: 0001193125-23-010391

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230119

**DATE AS OF CHANGE**: 20230118

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SANTANDER DRIVE AUTO RECEIVABLES LLC
- **CENTRAL INDEX KEY:** 0001383094
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **IRS NUMBER:** 204382941
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-261901
- **FILM NUMBER:** 23535759

**BUSINESS ADDRESS:**
- **STREET 1:** 1601 ELM STREET
- **STREET 2:** SUITE 800
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201
- **BUSINESS PHONE:** 214-634-1110

**MAIL ADDRESS:**
- **STREET 1:** 1601 ELM STREET
- **STREET 2:** SUITE 800
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DRIVE AUTO RECEIVABLES LLC
- **DATE OF NAME CHANGE:** 20061208
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SANTANDER DRIVE AUTO RECEIVABLES LLC
- **CENTRAL INDEX KEY:** 0001383094
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **IRS NUMBER:** 204382941
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** 1601 ELM STREET
- **STREET 2:** SUITE 800
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201
- **BUSINESS PHONE:** 214-634-1110

**MAIL ADDRESS:**
- **STREET 1:** 1601 ELM STREET
- **STREET 2:** SUITE 800
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DRIVE AUTO RECEIVABLES LLC
- **DATE OF NAME CHANGE:** 20061208

**Filed Pursuant to Rule 433** 

**Registration No. 333-261901** 

\*\*Pricing Details\*\* Santander Drive Subprime Auto Loan (SDART 2023-1)

Joint Leads: Wells Fargo (Str), Amherst Pierpont, and Barclays

DE&I Co-Managers: Ramirez & Co., Inc., and Loop Capital Markets.

Capital Structure:

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| CL | Size(mm) | WAL^ | S&P/Moody's\*\* | P.WIN | E.FNL | L.FNL | BENCH | LAUNCH | YLD% | CPN% | $PRICE |
|  A-1 | $238.00 | 0.19 | A-1+/P-1 | \*RETAINED\* | \*RETAINED\* |  |  |  |  |  |  |
|  A-2 | $323.47 | 0.78 | AAA/Aaa | 05-17 | 06/24 | 05/26 | I-Curv | 72 | 5.426% | 5.360% | 99.99593 |
|  A-3  | $124.14 | 1.67 | AAA/Aaa | 17-24 | 01/25 | 04/27 | I-Curv | 70 | 4.940% | 4.880% | 99.98436 |
|  B | $138.53 | 2.38 | AA/Aaa | 24-34 | 11/25 | 02/28 | I-Curv | 110 | 5.037% | 4.980% | 99.98914 |
|  C | $223.62 | 3.53 | A/Aa1 | 34-48 | 01/27 | 05/30 | I-Curv | 150 | 5.150% | 5.090% | 99.98215 |

---

^ WAL to 1.50% ABS to 10% Clean-Up Call

\*\*Expected Ratings

---

| | |
|:---|:---|
|  – Deal Summary – |  |
|  Offered Size : $809.760 offered \*Deal Will Not Grow\* | ERISA Eligible : Yes |
|  Exp. Settle : 1/25/2023 | Exp. Ratings : S&P/Moody's |
|  Pxg Speed : 1.50% ABS to 10% Call | Min Denoms : $1k x $1k |
|  Offering Format: SEC REG | BBG Ticker : SDART 2023-1 |
|  First Pay Date : 2/15/2023 | B&D : Wells Fargo |

---

– Available Information –

\* Preliminary Prospectus, FWP, and CDI : Attached

\* Intex Deal Name : wssdart2301 Password: K379

\* Roadshow Link : <u>https://dealroadshow.com</u> \| Passcode: SDART20231 (case sensitive)

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 (option 5) or visiting <u>www.sec.gov</u>. 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 <u>https://www.wellsfargo.com/com/disclaimer/wfid3</u>. In Japan, see: <u>https://www.wellsfargo.com/com/disclaimer/wfsjb4</u>.