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JP Morgan Chase Commercial Mortgage Securities

Filed: 13 Oct 20, 2:40pm

  FREE WRITING PROSPECTUS
  FILED PURSUANT TO RULE 433
  REGISTRATION FILE NO.: 333-226123-10
   

 

From: Spg Syndicate Jpm (JP MORGAN SECURITIES) <sjpm2@bloomberg.net>
Sent: Tuesday, October 13, 2020 10:13 AM
Subject: ★IPTS★ $746.733MM BMARK 2020-B20 **PUBLIC CMBS**

 

*IPTS- PUBLIC*

BENCHMARK COMMERCIAL MORTGAGE SECURITIES TRUST 2020-B20 COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2020-B20

 

JOINT BOOKRUNNERS & CO-LEAD MANAGERS: J.P. MORGAN SECURITIES LLC, DEUTSCHE BANK SECURITIES INC., CITIGROUP GLOBAL MARKETS INC. AND GOLDMAN SACHS & CO. LLC.

CO-MANAGERS: DREXEL HAMILTON, LLC, ACADEMY SECURITIES, INC.

RATING AGENCIES: S&P/FITCH/KBRA

OFFERING TYPE: SEC-REGISTERED

 

***OFFERED CERTIFICATES - PUBLIC***

CLSRATINGSSIZEWALCERTIPTS~TARGET
(S/F/K)($MM)(YR)C/E(S+)PX($)
A-1AAA/AAA/AAA13.0462.4830.000%30A100-00
A-2AAA/AAA/AAA69.7284.6530.000%70A103-00
A-3AAA/AAA/AAA68.8756.9630.000%N/AN/A
A-4AAA/AAA/AAA** SEE BELOW **30.000%86A101-00
A-5AAA/AAA/AAA** SEE BELOW **30.000%88A103-00
A-SBAAA/AAA/AAA18.5297.2530.000%82A103-00
A-SAA-/AAA/AAA66.5199.9622.250%120A103-00
BNR/AA-/AA38.6249.9617.750%135A103-00
CNR/A-/A40.7709.9613.000%215A103-00

 

**The exact initial certificate balances of the Class A-4 and Class A-5 certificates will be determined based on the final pricing. The respective initial certificate balances and weighted average lives of the Class A-4 and Class A-5 certificates are expected to be within the applicable ranges reflected in the following chart. The aggregate initial certificate balance of the Class A-4 and Class A-5 certificates is expected to be approximately $430,642,000, subject to a variance of plus or minus 5%.

 

Class of CertificatesExp. Range of Initial BalanceExp. Range of WAL
Class A-4$0.000 - $170.000N/A - 9.00
Class A-5$260.642 - $430642 9.79 - 9.48

 

 

JPM SPG SYNDICATE CONTACTS

JENNIFER KORNBLAU 212-834-4154

KAILIN TWOMEY 212-834-4154

 

JPM CMBS BANKING CONTACTS

KUNAL SINGH 212-834-5467

DWAYNE MCNICHOLAS 212-834-9328

HARRIS RENDELSTEIN 212-834-6737

 

JPM CMBS TRADING DESK CONTACTS

AVINASH SHARMA 212-834-3111

DERRICK FETZER 212-834-3111

 

DEUTSCHE BANK TRADING DESK CONTACT

RYAN HORVATH 212-250-5149

DAN PENN 212-250-5149

 

CITIGROUP SYNDICATE DESK CONTACTS

RAUL OROZCO 212-723-1295

MATT PERRY 212-723-1295

 

GOLDMAN SACHS CMBS BANKING CONTACTS

LEAH NIVISON 212-357-2702

SCOTT EPPERSON 212-934-2882

JUSTIN PETERSON 212-902-4283

 

GOLDMAN SACHS SYNDICATE CONTACTS

SCOTT WALTER 212-357-8910

 

GOLDMAN SACHS CAPITAL MARKETS CONTACTS

MARK ROMANCZUK 212-902-0290

NITIN JAGGA 212-855-9035

 

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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 Web site 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 (800) 408-1016 or by emailing the ABS Syndicate Desk at abs_synd@jpmorgan.com. You should not reply to this announcement. Any reply e-mail communications, including those you generate by using the “Reply” function on your e-mail software, will be ignored or rejected. This notice does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction where such offer or solicitation would be unlawful, and does not constitute an offer to sell or a solicitation of an offer to buy or an advertisement in respect of securities in any province or territory of Canada other than the provinces of Ontario, Quebec, Alberta, British Columbia, Nova Scotia and New Brunswick unless the issuer has securities listed or quoted on one of the exchanges or markets referred to in the definition of “OTC Issuer” in Multilateral Instrument 51-105. Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication being sent by Bloomberg or another email system.



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