We consider D3 branes in presence of an S-fold plane. The latter is a non
perturbative object, arising from the combined projection of an S-duality twist
and a discrete orbifold of the R-symmetry group. This construction naively
gives rise to 4d N=3 SCFTs. Nevertheless it has been observed that
in some cases supersymmetry is enhanced to N=4. In this paper we
study the explicit counting of degrees of freedom arising from vector
multiplets associated to strings suspended between the D3 branes probing the
S-fold. We propose that, for trivial discrete torsion, there is no vector
multiplet associated to (1,0) strings stretched between a brane and its
image. We then focus on the case of rank 2 N=3 theory that enhances
to SU(3)N=4 SYM, explicitly spelling out the isomorphism between
the BPS-spectrum of the manifestly N=3 theory and that of three D3
branes in flat spacetime. Subsequently, we consider 3-pronged strings in these
setups and show how wall-crossing in the S-fold background implies wall
crossing in the flat geometry. This can be considered a consistency check of
the \emph{conjectured} SUSY enhancement. We also find that the above
isomorphism implies that a (1,0) string, suspended between a brane and its
image in the S-fold, corresponds to a 3-string junction in the flat geometry.
This is in agreement with our claim on the absence of a vector multiplet
associated to such (1,0) strings. This is because the 3-string junction in
flat geometry gives rise to a 1/4-th BPS multiplet of the N=4
algebra. Such multiplets always include particles with spin >1 as opposed to
a vector multiplet which is restricted by the requirement that the spins must
be ≤1.Comment: 19 pages, 7 figure