FWP 1 n2322_email-x12.htm FREE WRITING PROSPECTUS

    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: Monday, October 19, 2020 1:12 PM
Subject:
PRICED $746.733MM BMARK 2020-B20 **PUBLIC CMBS**

 

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***

CLS RATINGS SIZE WAL CERT SPRD YIELD COUPON PX
  (S/F/K) ($MM) (YR) C/E (S+) (%) (%) ($)
A-1 AAA/AAA/AAA 13.046 2.48 30.000% 30 0.5481 0.5563   99.99995
A-2 AAA/AAA/AAA 69.728 4.65 30.000% 70 1.0755 1.7503 102.99989
A-3 AAA/AAA/AAA 68.875 6.96 30.000% 92 1.4846 1.9454 102.99955
A-4 AAA/AAA/AAA 170.000   9.00 30.000% 90 1.6241 1.7462 100.99989
A-5 AAA/AAA/AAA 260.642   9.79 30.000% 92 1.6986 2.0341 102.99963
A-SB AAA/AAA/AAA 18.529 7.25 30.000% 82 1.4086 1.8509 102.99970
A-S AA-/AAA/AAA 66.519 9.96 22.250% 125 2.0402 2.3748 102.99942
B NR/AA-/AA 38.624 9.96 17.750% 140 2.1902 2.5266 102.99915
C NR/A-/A 40.770 9.96 13.000% 225 3.0402 3.3856 102.99921

 

 

ANTICIPATED SETTLEMENT: ON OR ABOUT OCTOBER 30, 2020
   
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

 

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

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.