| FREE WRITING PROSPECTUS | ||
| FILED PURSUANT TO RULE 433 | ||
| REGISTRATION FILE NO.: 333-226943-06 | ||
From: Db Cmbs Deutsche Bank (DEUTSCHE BANK SECURI) <ddeutscheb33@bloomberg.net>
Sent: Tuesday, January 21, 2020 9:55 AM
Subject: BMARK 2020-B16 **INITIAL PRICE TALK** PUBLIC
BMARK 2020-B16 **INITIAL PRICE TALK** PUBLIC
| ***PUBLIC OFFERED CERTIFICATES*** | ||||||
| CLASS | RATING (M/F/K) | SIZE (MM) | C/E | WAL | IPT | TARGET $PX |
| A-1 | Aaa/AAA/AAA | 4.592 | 30.000% | 3.07 | +40A | ~100 |
| A-2 | Aaa/AAA/AAA | 10.098 | 30.000% | 4.84 | +67A | ~103 |
| A-3 | Aaa/AAA/AAA | 40.849 | 30.000% | 6.84 | N/A | N/A |
| A-SB | Aaa/AAA/AAA | 9.800 | 30.000% | 7.47 | +69A | ~103 |
| A-4 | Aaa/AAA/AAA | * | 30.000% | * | LCF-2bps | ~101 |
| A-5 | Aaa/AAA/AAA | * | 30.000% | * | +79A | ~103 |
| A-M | Aa2/AAA/AAA | 93.955 | 19.000% | 9.93 | +105A | ~103 |
| B | NR/AA-/AA | 36.301 | 14.750% | 9.93 | +130A | ~103 |
| C | NR/A-/A- | 34.166 | 10.750% | 9.93 | +175A | ~101 (WAC) |
| ***PRIVATE CERTIFICATES*** | ||||||
| CLASS | RATING (M/F/K) | SIZE (MM) | C/E | WAL | LTV | DY |
| D | NR/BBB/BBB+ | 23.489 | 8.000% | 9.93 | 48.6% | 13.2% |
| E | NR/BBB-/BBB- | 17.083 | 6.000% | 9.98 | 49.6% | 12.9% |
*SIZES SUBJECT TO CHANGE AS DETAILED IN THE TERM SHEET. RANGE OF POSSIBLE SIZES BELOW:
| CLASS | EXPECTED RANGE OF BALANCE | EXPECTED RANGE OF WAL | |
| A-4 | 0.000 - 266.000 | NAP - 9.84 | |
| A-5 | 266.560 - 532.560 | 9.87 - 9.86 |
| DEUTSCHE BANK TRADING DESK CONTACTS: | |
| 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 |
| JPM SPG SYNDICATE CONTACTS: | |
| ANDY CHERNA | 212-834-4154 |
| JENNIFER KORNBLAU | 212-834-4154 |
| KAILIN TWOMEY | 212-834-4154 |
| JPM CMBS BANKING CONTACTS: | |
| KUNAL SINGH | 212-834-5467 |
| BRAD HORN | 212-834-5467 |
| JPM CMBS TRADING DESK CONTACT: | |
| AVINASH SHARMA | 212-834-3111 |
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The issuer has filed a registration statement (including a
prospectus) with the SEC for the new 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
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subject to completion or change. Any investment decision with respect to the securities should be made by you based upon the
information contained in the prospectus relating to the securities. There can be no assurance that actual pricing will be
completed at the indicated value(s). This communication is not an offer to sell or a solicitation of an offer to buy these
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The foregoing also applies to any
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