FREE WRITING PROSPECTUS

FILED PURSUANT TO RULE 433

REGISTRATION FILE NO.: 333-226123-05

From: Spg Syndicate Jpm (JP MORGAN SECURITIES) <sjpm2@bloomberg.net>
Sent: Tuesday, November 5, 2019 10:33 AM
Subject: ★LAUNCH★ $1.144BN BMARK 2019-B14 **PUBLIC CMBS**

BENCHMARK COMMERCIAL MORTGAGE SECURITIES TRUST 2019-B14 COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2019-B14

JOINT BOOKRUNNERS:	J.P. MORGAN SECURITIES LLC, CITIGROUP GLOBAL MARKETS INC., DEUTSCHE BANK SECURITIES INC.
CO-LEAD MANAGERS:	J.P. MORGAN SECURITIES LLC, CITIGROUP GLOBAL MARKETS INC., DEUTSCHE BANK SECURITIES INC.
CO-MANAGERS:	DREXEL HAMILTON, LLC, ACADEMY SECURITIES, INC.
RATING AGENCIES:	S&P/FITCH/KBRA
OFFERING TYPE:	SEC-REGISTERED

***OFFERED CERTIFICATES - PUBLIC***

	RATINGS	SIZE	WAL	CERT		TARGET
CLS	(S/F/K)	($MM)	(YR)	C/E	LAUNCH	$PX
A-1	AAA/AAA/AAA	22.760	2.64	30.000%	+40	~100-00
A-2	AAA/AAA/AAA	249.620	4.94	30.000%	+62	~103-00
A-3	AAA/AAA/AAA	55.480	6.98	30.000%	+93	~103-00
A-4	AAA/AAA/AAA	187.000	9.76	30.000%	+91	~101-00
A-5	AAA/AAA/AAA	350.570	9.92	30.000%	+93	~103-00
A-SB	AAA/AAA/AAA	37.040	7.39	30.000%	+81	~103-00
A-S	AA-/AAA/AAA	127.315	9.98	20.125%	+123	~103-00
B	NR/AA-/AA-	61.240	9.98	15.375%	+137	~103-00
C	NR/A-/A-	53.180	9.98	11.250%	+190	WAC

TIMING

ANTICIPATED ALLOCATIONS: ~11:15AM

ANTICIPATED PRICING: ~11:45AM

ANTICIPATED SETTLEMENT: ON OR ABOUT NOVEMBER 21, 2019

JPM SPG SYNDICATE CONTACTS

ANDY CHERNA 212-834-4154

KAILIN TWOMEY 212-834-4154

JPM CMBS BANKING CONTACTS

KUNAL SINGH 212-834-5467

BRAD HORN 212-834-9708

JPM CMBS TRADING DESK CONTACTS

AVINASH SHARMA 212-834-3111

BRIAN CAREY 212-834-3111

DEUTSCHE BANK TRADING DESK CONTACT

RYAN HORVATH 212-250-5149

DAN PENN 212-250-5149

JIM MURPHY 212-250-5149

CITIGROUP SYNDICATE DESK CONTACTS

RAUL OROZCO 212-723-1295

MATT PERRY 212-723-1295

*******************************************************************************

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