FREE WRITING PROSPECTUS

FILED PURSUANT TO RULE 433

REGISTRATION FILE NO.: 333-228375-04

Sent: Monday, June 15, 2020 9:51 AM
Subject: NEW ISSUE CMBS: $525.333mm BANK 2020-BNK27 - Public Classes - Announcement

NEW ISSUE CMBS: $525.333mm BANK 2020-BNK27

CO-LEAD MANAGERS & BOOKRUNNERS: BofA Securities, Wells Fargo Securities, Morgan Stanley

CO-MANAGERS: Academy Securities and Drexel Hamilton

PUBLICLY OFFERED CERTIFICATES

			WAL		PRIN
CLASS	Fitch/KBRA/Moody’s	SIZE($MM)	(YRS)	CE%	WINDOW	DY%	LTV%
A-1	AAAsf/AAA(sf)/Aaa(sf)	2.528	3.00	30.000%	1-60	18.5%	35.7%
A-SB	AAAsf/AAA(sf)/Aaa(sf)	4.339	7.32	30.000%	60-114	18.5%	35.7%
A-4*	AAAsf/AAA(sf)/Aaa(sf)	N/A	9.49	30.000%	114-116	18.5%	35.7%
A-5*	AAAsf/AAA(sf)/Aaa(sf)	404.008	9.57-9.68	30.000%	116-117	18.5%	35.7%
A-S	AAAsf/AAA(sf)/Aa2(sf)	68.968	9.72	18.250%	117-117	15.9%	41.7%
B	125AA-sf/AA-(sf)/NR	24.213	9.74	14.125%	117-118	15.1%	43.8%
C	A-sf/A-(sf)/NR	21.277	9.80	10.500%	118-118	14.5%	45.7%

*Sizes subject to change as detailed in the attached Term Sheet. Range of possible sizes below:

A-4: $0 - $250.000mm

A-5: $154.008mm - $404.008mm

WA CUT-OFF LTV:	51.0%
WA UW NCF DSCR:	3.80x
WA UW NOI DEBT YLD:	13.0%
WA ORIG TERM TO MATURITY:	120
WA ORIG AMORTIZING TERM:	360
TEN LARGEST LOANS:	65.9%
LOAN SELLERS:	WFB(36.3%), BANA(32.7%), MS(31.0%)
TOP 5 STATES:	NY(31.5%), CA(26.1%), NV(14.9%), NJ(7.1%), TX(5.0%)
TOP 5 PROPERTY TYPES:	OF(51.3%), SS(19.6%), RT(10.0%), HOT(9.9%), MU(8.0%)

MASTER SERVICER:	Wells Fargo Bank, National Association
SPECIAL SERVICER:	CWCapital Asset Management LLC
TRUSTEE:	Wilmington Trust, National Association
CERT ADMIN:	Wells Fargo Bank, National Association
TRUST ADVISOR:	Park Bridge
INITIAL CNTRLG CLASS REP:	LD II Holdco XI LLC or its affiliate

ATTACHED: TERM SHEET, ANNEX A-1

EXPECTED PRICING:	Week of 6/15/2020
EXPECTED SETTLEMENT:	On or about 6/26/2020

INVESTOR CALL:

Tuesday, June 16, 2:00pm ET

Registration Link - https://cossprereg.btci.com/prereg/key.process?key=PY7ME8WD8

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 toll-free 1-800-294-1322 or you may e-mail a request to dg.prospectus_request@bofa.com. The securities may not be suitable for all investors. BofA Securities, Inc. and its affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer.

IMPORTANT NOTICE RELATING TO AUTOMATICALLY-GENERATED EMAIL DISCLAIMERS
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