| | | FREE WRITING PROSPECTUS |
| | | FILED PURSUANT TO RULE 433 |
| | | REGISTRATION FILE NO.: 333-226486-19 |
| | | |
From: Wells Abf Syndicate Wells Fargo (WELLS FARGO SECURITI) At: 04/19/21 12:23:02
To: [REDACTED]
Subject: NEW ISSUE CMBS: WFCM 2021-C59 *IPTs*
WFCM 2021-C59
**IPTs** $715.568 MM FIXED-RATE CMBS OFFERING
| CO-LEAD MANAGERS & JOINT BOOKRUNNERS: | WELLS FARGO SECURITIES, LLC |
| | UBS SECURITIES LLC |
| | BARCLAYS CAPITAL INC. |
| | |
| CO-MANAGER: | ACADEMY SECURITIES, INC. |
| | DREXEL HAMILTON, LLC |
| | SIEBERT WILLIAMS SHANK & CO., LLC |
| CLASS | FITCH/KBRA/S&P | SIZE($MM)^ | C/E | WAL | IPTs |
| A-1 | AAAsf/AAA(sf)/AAA(sf) | 20.628 | 30.000% | 2.57 | IS+22a |
| A-2 | AAAsf/AAA(sf)/AAA(sf) | 16.497 | 30.000% | 4.78 | N/A |
| A-3 | AAAsf/AAA(sf)/AAA(sf) | 23.471 | 30.000% | 6.94 | N/A |
| A-SB | AAAsf/AAA(sf)/AAA(sf) | 24.310 | 30.000% | 6.79 | IS+62a |
| A-4* | AAAsf/AAA(sf)/AAA(sf) | 229.920 | 30.000% | 9.53 | A5-2bps |
| A-5* | AAAsf/AAA(sf)/AAA(sf) | 239.123 | 30.000% | 9.90 | IS+74a |
| A-S | AAAsf/AAA(sf)/AAA(sf) | 54.405 | 23.125% | 9.94 | IS+100a |
| B | AA-sf/AA(sf)/AA(sf) | 39.567 | 18.125% | 9.94 | IS+115a |
| C | A-sf/A(sf)/A-(sf) | 37.590 | 13.375% | 9.94 | IS+175a |
| D | BBBsf/BBB+(sf)/NR | 24.729 | 10.250% | 9.94 | IS+270a |
| E | BBB-sf/BBB-(sf)/NR | 18.795 | 7.875% | 9.94 | IS+370a |
^Offered sizes net of RR
*Sizes and WAL’s are subject to change as detailed in the Term Sheet.
Wells Fargo Commercial Mortgage Securities, Inc., as depositor, has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (‘‘SEC’’) (SEC File No. 333-226486) for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the SEC for more complete information about the depositor, the issuing entity 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 after filing if you request it by calling toll free 1-800-745-2063 (8 a.m. - 5 p.m. EST) or by emailing wfs.cmbs@wellsfargo.com.
