Banc of America Merrill Lynch Commercial Mortgage
Filed: 6 Dec 16, 12:00am
| FREE WRITING PROSPECTUS | ||
| FILED PURSUANT TO RULE 433 | ||
| REGISTRATION FILE NO.: 333-206847-04 | ||
-----Original Message-----
Sent: Tuesday, December 06, 2016 1:17 PM
Subject: MSBAM 2016-C32 *** PRICING DETAILS *** PUBLICS
NEW ISSUE CMBS: $787.915mm MORGAN STANLEY BofA MERRILL LYNCH SERIES 2016-C32
CO-LEAD MANAGERS & BOOKRUNNERS: BofA Merrill Lynch and Morgan Stanley
CO-MANAGERS: KeyBanc Capital Markets, CIBC World Markets, Drexel Hamilton
| PUBLICLY OFFERED CERTIFICATES | |||||||
| CL | Moody's/Fitch/DBRS | SIZE($MM) | WAL(YRS) | SPREAD | COUPON | YIELD | $PRICE |
| A-1 | Aaa(sf)/AAAsf/AAA(sf) | $36.900 | 2.85 | S+ 43 | 1.968 | 1.9487 | 99.9981 |
| A-2 | Aaa(sf)/AAAsf/AAA(sf) | $6.800 | 4.90 | S+ 80 | 3.297 | 2.6311 | 102.9968 |
| A-SB | Aaa(sf)/AAAsf/AAA(sf) | $58.600 | 7.35 | S+ 98 | 3.514 | 3.0562 | 102.9939 |
| A-3 | Aaa(sf)/AAAsf/AAA(sf) | $190.000 | 9.85 | S+111 | 3.459 | 3.3470 | 100.9988 |
| A-4 | Aaa(sf)/AAAsf/AAA(sf) | $342.567 | 9.90 | S+113 | 3.720 | 3.3703 | 102.9975 |
| A-S | Aa1(sf)/AAAsf/AAA(sf) | $65.754 | 9.98 | S+140 | 3.994 | 3.6450 | 102.9944 |
| B | NR/AA-sf/AAA(sf) | $ 44.214 | 9.98 | S+150 | 4.095 | 3.7450 | 102.9969 |
| C | NR/A-sf/AA(sf) | $ 43.080 | 9.98 | S+250 | 4.2969 | 4.7450 | 97.0405 |
| EXPECTED SETTLE: | 12/21/16 |
| B&D: | BofAML |
--------------------------------------------------------------------------------
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. The securities may not be suitable for all investors. Merrill, Lynch, Pierce, Fenner & Smith Incorporated 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.
CIRCULAR 230 DISCLOSURE
TO ENSURE COMPLIANCE WITH REQUIREMENTS IMPOSED BY THE INTERNAL REVENUE SERVICE, WE INFORM YOU THAT (A) ANY UNITED STATES FEDERAL TAX ADVICE CONTAINED HEREIN (INCLUDING ANY ATTACHMENTS OR ENCLOSURES) WAS NOT INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, FOR THE PURPOSE OF AVOIDING UNITED STATES FEDERAL TAX PENALTIES, (B) ANY SUCH ADVICE WAS WRITTEN TO SUPPORT THE PROMOTION OR MARKETING OF THE TRANSACTIONS OR MATTERS ADDRESSED HEREIN AND (C) ANY TAXPAYER TO WHOM THE TRANSACTIONS OR MATTERS ARE BEING PROMOTED, MARKETED OR RECOMMENDED SHOULD SEEK ADVICE BASED ON ITS PARTICULAR CIRCUMSTANCES FROM AN INDEPENDENT TAX ADVISOR.
-------------------------------------------------------------------------------
This message and any attachments are for the intended recipient only, contain information that is privileged, confidential and/or the exclusive property of Bank of America Merrill Lynch, and are subject to terms and conditions available at www.bankofamerica.com/emaildisclaimer. You are prohibited from sharing this information with any other party. If you are not the intended recipient, you must immediately delete/destroy all copies of this message and attachments.