FWP 1 fwp.htm FREE WRITING PROSPECTUS Unassociated Document
 
 
   
FREE WRITING PROSPECTUS
   
FILED PURSUANT TO RULE 433
   
REGISTRATION FILE NO.: 333-165147-03
     
     
 
 
Copyright 2012 JPMorgan Chase & Co. – All rights reserved. J.P. Morgan Securities LLC (JPMS), member NYSE and SIPC. J.P. Morgan is the marketing name used by the specific legal entity or entities named in the attached materials. Clients should contact analysts and execute transactions through a JPMorgan Chase & Co. subsidiary or affiliate in their home jurisdiction unless governing law permits otherwise.
 
The depositor has filed a registration statement (including a prospectus) with the SEC for the offering to which this free writing prospectus relates. Before you invest, you should read the prospectus in that registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-866-400-7834 or emailing cmbs-prospectus@jpmorgan.com.
 
The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the depositor. These materials are subject to change, completion or amendment from time to time. Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein. These Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities. Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials. The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials. The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. Neither JPMorgan nor any of its affiliates makes any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities.
 
THIS INFORMATION IS FURNISHED TO YOU SOLELY BY J.P. MORGAN AND NOT BY THE DEPOSITOR OR ANY OF ITS AFFILIATES (OTHER THAN J.P. MORGAN). J.P. MORGAN IS ACTING AS UNDERWRITER AND NOT ACTING AS AGENT FOR THE DEPOSITOR IN CONNECTION WITH THE PROPOSED TRANSACTION.

 
 
 

JPMCC 2012-CIBX IO Analysis
Cash Flow Profile over Time - Composition by Bond Components
% of Total Present Value
6/25/2012
                             
Class XA Components
  
Class XA Components Cumulative
  
XA
A1
A2
A3
A4
AS
Total
  
  Cumulative  
A1
  Cumulative  
A2
  Cumulative  
A3
  Cumulative  
A4
  Cumulative  
AS
Total
Total
100.00%
4.63%
11.34%
29.95%
47.07%
7.01%
100.00%
  
4.63%
11.34%
29.95%
47.07%
7.01%
100.00%
                             
Year 1
17.56%
2.15%
3.18%
4.93%
6.35%
0.95%
17.56%
  
2.15%
3.18%
4.93%
6.35%
0.95%
17.56%
Year 2
16.11%
1.49%
3.02%
4.67%
6.02%
0.90%
16.11%
  
3.64%
6.20%
9.60%
12.37%
1.85%
33.67%
Year 3
14.69%
0.82%
2.87%
4.43%
5.71%
0.85%
14.69%
  
4.46%
9.07%
14.04%
18.08%
2.71%
48.36%
Year 4
12.87%
0.17%
2.23%
4.22%
5.44%
0.81%
12.87%
  
4.63%
11.29%
18.26%
23.52%
3.52%
61.23%
Year 5
9.72%
0.00%
0.05%
3.85%
5.07%
0.75%
9.72%
  
4.63%
11.34%
22.11%
28.59%
4.27%
70.95%
Year 6
8.41%
0.00%
0.00%
3.01%
4.71%
0.68%
8.41%
  
4.63%
11.34%
25.12%
33.31%
4.95%
79.36%
Year 7
7.08%
0.00%
0.00%
2.10%
4.36%
0.62%
7.08%
  
4.63%
11.34%
27.22%
37.67%
5.57%
86.44%
Year 8
6.53%
0.00%
0.00%
1.76%
4.18%
0.60%
6.53%
  
4.63%
11.34%
28.98%
41.84%
6.17%
92.97%
Year 9
5.27%
0.00%
0.00%
0.97%
3.77%
0.53%
5.27%
  
4.63%
11.34%
29.95%
45.61%
6.70%
98.23%
Year 10
1.77%
0.00%
0.00%
0.00%
1.46%
0.31%
1.77%
  
4.63%
11.34%
29.95%
47.07%
7.01%
100.00%
 
Notes:
(1) IO Contribution Analysis assumes Class XA is priced at T+400 & Class XB is priced at T+1000 under 100CPY pricing speed
 
(2) IO Contribution Analysis assumes following pricing spots:
 
    7 Yr      1.080
 
   10 Yr     1.606

 
 
 
 
JPMCC 2012-CIBX IO Analysis
Cash Flow Profile (Total)
% of Total Present Value
6/25/2012
                     
XA Loan Components (Sorted by Pct of PV to XA)
Asset
Property
Balance
Net Coupon
(%)
% of
Total Deal
Total Interest
to XA
Total Interest
to XB
PV of Interest
to XA*
PV of Interest
to XB*
Pct of PV
to XA
Pct of PV
to XB
1
Palazzo Westwood Village
155,000,000
4.7852
12.03%
15,867,484
526,005
12,853,202
246,919
10.78%
3.44%
2
theWit Hotel
87,560,000
4.7929
6.80%
8,781,259
279,623
7,126,672
136,815
5.98%
1.91%
7
The Court at Oxford Valley
60,000,000
5.4529
4.66%
8,212,370
942,249
6,720,075
574,863
5.64%
8.01%
3
100 West Putnam
80,000,000
4.8381
6.21%
8,137,298
335,955
6,604,862
172,415
5.54%
2.40%
5
Southpark Mall
67,000,000
4.7379
5.20%
6,330,984
114,485
5,149,267
49,385
4.32%
0.69%
4
Jefferson Mall
71,190,000
4.6429
5.53%
6,261,265
-35,523
5,099,562
-39,537
4.28%
(0.55%)
10
The Illini Tower
37,464,191
5.8129
2.91%
5,840,735
845,755
4,779,997
518,637
4.01%
7.22%
9
Centre Market Building
47,609,535
6.0729
3.70%
5,205,474
712,957
4,575,550
529,630
3.84%
7.38%
6
Lincoln Park Retail
66,800,000
4.5229
5.19%
5,582,539
-226,967
4,540,202
-151,047
3.81%
(2.10%)
16
Plaza Centro
27,587,558
6.1429
2.14%
4,822,629
778,129
3,968,231
488,870
3.33%
6.81%
11
Residence Inn Palo Alto
35,000,000
5.2119
2.72%
4,468,685
459,203
3,613,886
256,543
3.03%
3.57%
14
Slate Portfolio
28,533,456
5.6929
2.22%
4,271,497
571,617
3,503,502
353,678
2.94%
4.93%
17
One Upland Road
24,232,340
7.2829
1.88%
3,951,689
714,933
3,471,914
533,124
2.91%
7.43%
8
55 John Street
51,984,497
5.5929
4.04%
3,537,531
340,065
3,236,650
279,675
2.71%
3.90%
15
Brooklyn Renaissance Plaza
28,000,000
5.2429
2.17%
3,449,132
313,681
2,832,920
192,425
2.38%
2.68%
19
Bentonville Plaza
21,784,131
5.6629
1.69%
3,287,932
441,658
2,684,639
268,648
2.25%
3.74%
21
Dunning Farms Shopping Center
18,745,887
5.8329
1.46%
2,957,818
425,365
2,427,813
264,235
2.04%
3.68%
13
Bridgedale Commercial Property
32,000,000
4.6729
2.48%
2,888,685
9,092
2,349,940
-3,802
1.97%
(0.05%)
20
Doubletree Hotel & Suites - Pittsburgh, PA
20,411,325
5.4929
1.58%
2,743,715
322,863
2,252,273
198,653
1.89%
2.77%
22
Long Leaf Mall
14,826,297
6.1029
1.15%
2,614,604
420,956
2,141,060
260,908
1.80%
3.63%
12
Doubletree by Hilton JFK Airport
34,400,590
5.2029
2.67%
2,144,964
137,695
1,945,472
110,709
1.63%
1.54%
24
Zamagias Retail Portfolio
14,031,196
5.5529
1.09%
1,850,905
227,212
1,524,691
140,796
1.28%
1.96%
29
Tanglewood Square Shopping Center
11,882,508
5.6729
0.92%
1,801,332
243,413
1,470,740
148,074
1.23%
2.06%
18
Residence Inn & Courtyard by Marriott - Greensboro
23,143,985
5.3829
1.80%
1,598,643
130,450
1,447,210
104,445
1.21%
1.45%
33
Nittany Commons
11,014,898
5.8629
0.86%
1,716,222
246,971
1,415,895
155,698
1.19%
2.17%
32
Hilltop Mall
11,500,000
5.4929
0.89%
1,643,399
219,451
1,330,570
125,188
1.12%
1.74%
26
1700 Palm Beach Lakes Boulevard
13,710,931
5.0849
1.06%
1,623,577
134,618
1,315,556
75,135
1.10%
1.05%
30
Holiday Inn New Orleans West Bank Tower
11,700,000
5.3829
0.91%
1,584,083
212,171
1,283,515
116,061
1.08%
1.62%
31
Holiday Inn Metairie New Orleans Airport
11,700,000
5.3829
0.91%
1,584,083
212,171
1,283,515
116,061
1.08%
1.62%
37
5422 New Hope Commons Drive
8,711,802
5.9729
0.68%
1,474,301
227,348
1,205,807
140,099
1.01%
1.95%
34
Beneva Place
11,100,000
5.3829
0.86%
1,468,229
158,180
1,201,905
96,393
1.01%
1.34%
35
Plaza at Bellaire II
9,898,442
5.5029
0.77%
1,380,311
164,762
1,129,615
100,678
0.95%
1.40%
23
20 & 25 Waterway
14,450,000
4.6829
1.12%
1,348,151
7,161
1,096,396
119
0.92%
0.00%
25
Miami Gardens
13,740,000
4.7829
1.07%
1,344,258
51,964
1,091,919
23,163
0.92%
0.32%
28
Guardian Self Storage
12,481,089
4.9519
0.97%
1,321,162
79,856
1,075,351
43,985
0.90%
0.61%
44
The Connecticut Avenue Days Inn - Washington, DC
6,598,740
6.2929
0.51%
1,265,348
227,932
1,027,994
136,507
0.86%
1.90%
39
Pine Tree Plaza
7,889,479
5.6829
0.61%
1,168,749
155,228
959,918
96,329
0.81%
1.34%
27
Two and Five Governor Park
13,000,000
4.6329
1.01%
1,138,197
-8,586
926,450
-8,683
0.78%
(0.12%)
36
Elementis Worldwide Office
9,625,000
4.7679
0.75%
1,003,411
27,840
809,249
12,829
0.68%
0.18%
48
Hope Valley
5,068,278
6.1429
0.39%
944,634
162,102
766,550
96,915
0.64%
1.35%
38
Atrium at Bent Tree
8,102,258
5.0339
0.63%
928,316
69,373
753,128
38,582
0.63%
0.54%
40
Food Lion Portfolio
7,425,000
4.9429
0.58%
809,339
49,704
656,132
26,752
0.55%
0.37%
45
Timbers of Pine Hollow
6,243,667
5.1029
0.48%
749,878
68,602
606,990
37,300
0.51%
0.52%
42
Amite Crossing
6,648,750
4.9829
0.52%
743,250
50,854
602,298
27,636
0.51%
0.38%
43
Temecula One & Two
6,600,000
4.7629
0.51%
683,345
17,242
551,611
7,979
0.46%
0.11%
41
Cottonwood Building
7,100,000
4.7029
0.55%
653,772
6,351
532,000
1,850
0.45%
0.03%
46
Hampton Inn - Asheboro, NC
5,912,068
5.5829
0.46%
610,769
66,340
530,949
47,782
0.45%
0.67%
47
The Shoppes at Seven Oaks
5,400,000
4.6729
0.42%
480,096
204
392,066
-1,088
0.33%
(0.02%)
49
West Allen Plaza
3,295,321
5.3829
0.26%
442,691
52,710
359,340
30,365
0.30%
0.42%
49
Totals/WA
1,288,103,216
5.1909
100.00%
144,718,742
11,691,421
119,225,051
7,178,692
100.00%
100.00%
 
*
Full proceeds including accrued interest
       
   
Notes:
(1)   IO Contribution Analysis assumes Class XA is priced at T+400 & Class XB is priced at T+1000 under 100CPY pricing speed
     
(2)   IO Contribution Analysis assumes following pricing spots:
     
          7 Yr                1.080
     
         10 Yr               1.606

 
 
 
 
XA Contribution by Bond Components
 
(LINE GRAPH)
 
 
 
 
 
XA Contribution by Bond Components (Cumulative)
 
(LINE GRAPH)