| | | FREE WRITING PROSPECTUS |
| | | FILED PURSUANT TO RULE 433 |
| | | REGISTRATION FILE NO.: 333-226123-11 |
| | | |
From: Spg Syndicate Jpm (JP MORGAN SECURITIES) <sjpm2@bloomberg.net>
Sent: Thursday, March 4, 2021 12:29 PM
Subject: ★LAUNCH★ $956.809MM BMARK 2021-B24 **PUBLIC CMBS
BENCHMARK COMMERCIAL MORTGAGE SECURITIES TRUST 2021-B24 COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2021-B24
| JOINT BOOKRUNNERS & | |
| CO-LEAD MANAGERS: | J.P. MORGAN SECURITIES LLC, CITIGROUP GLOBAL MARKETS INC., GOLDMAN SACHS & CO. LLC., AND DEUTSCHE BANK SECURITIES INC. |
| | |
| CO-MANAGERS: | DREXEL HAMILTON, LLC, ACADEMY SECURITIES, INC. |
| RATING AGENCIES: | S&P/FITCH/KBRA |
| OFFERING TYPE: | SEC-REGISTERED |
***OFFERED CERTIFICATES - PUBLIC***
| CLS | RATINGS (S/F/K) | SIZE ($MM) | WAL (YR) | CERT C/E | LAUNCH ($) | TARGET PX |
| A-1 | AAA/AAA/AAA | 11.152 | 3.08 | 30.000% | S+20 | 100-00 |
| A-2 | AAA/AAA/AAA | 73.848 | 4.92 | 30.000% | S+45 | 103-00 |
| A-3 | AAA/AAA/AAA | 81.111 | 6.86 | 30.000% | S+62 | 101-00 |
| A-4 | AAA/AAA/AAA | 213.500 | 9.04 | 30.000% | S+63 | 101-00 |
| A-5 | AAA/AAA/AAA | 365.781 | 9.93 | 30.000% | S+65 | 103-00 |
| A-SB | AAA/AAA/AAA | 25.562 | 7.47 | 30.000% | S+50 | 103-00 |
| A-S | AA+/AAA/AAA | 86.732 | 9.98 | 22.125% | S+84 | 103-00 |
| B | NR/AA-/AA | 49.562 | 9.98 | 17.625% | S+100 | 100-00 |
| C | NR/A-/A- | 49.561 | 9.98 | 13.125% | S+170 | 100-00 |
| EXPECTED TIMING | |
| ANTICIPATED ALLOCATIONS: | ~1:00PM ET |
| ANTICIPATED PRICING: | ~1:30PM ET |
| ANTICIPATED SETTLEMENT: | ON OR ABOUT MARCH 24, 2021 |
| | |
| 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.
