|FREE WRITING PROSPECTUS|
|FILED PURSUANT TO RULE 433|
|REGISTRATION FILE NO.: 333-226123-10|
|From:||Spg Syndicate Jpm (JP MORGAN SECURITIES) <firstname.lastname@example.org>|
|Sent:||Monday, October 19, 2020 1:20 PM|
|Subject:||★IO ANNOUNCEMENT & GUIDANCE★ BMARK 2020-B20 **PUBLIC CMBS**|
BENCHMARK COMMERCIAL MORTGAGE SECURITIES TRUST 2020-B20 COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2020-B20
|JOINT BOOKRUNNERS &|
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.|
***OFFERED CERTIFICATES - PUBLIC***
*Pricing speed is 100 CPY
PROCESS & TIMING:
X-A: STANDARD SYNDICATE PROCESS.
X-B: AUCTION WITH SPREAD BIDS DUE BY 3:30PM TODAY.
|ANTICIPATED SETTLEMENT:||ON OR ABOUT OCTOBER 30, 2020|
|JPM SPG SYNDICATE||CONTACTS|
|JPM CMBS BANKING CONTACTS|
|JPM CMBS TRADING DESK CONTACTS|
|DEUTSCHE BANK TRADING DESK CONTACT|
|CITIGROUP SYNDICATE DESK CONTACTS|
|GOLDMAN SACHS CMBS BANKING CONTACTS|
|GOLDMAN SACHS SYNDICATE CONTACTS|
|GOLDMAN SACHS CAPITAL MARKETS CONTACTS|
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