0001539497-15-000466.txt : 20150410 0001539497-15-000466.hdr.sgml : 20150410 20150410135800 ACCESSION NUMBER: 0001539497-15-000466 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20150410 DATE AS OF CHANGE: 20150410 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Morgan Stanley Bank of America Merrill Lynch Trust 2015-C22 CENTRAL INDEX KEY: 0001636513 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-180779-15 FILM NUMBER: 15763502 BUSINESS ADDRESS: STREET 1: 1585 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 212-761-4000 MAIL ADDRESS: STREET 1: 1585 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10036 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Morgan Stanley Capital I Inc. CENTRAL INDEX KEY: 0001547361 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 133291626 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 1585 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 212-761-4000 MAIL ADDRESS: STREET 1: 1585 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10036 FWP 1 n457_x8.htm FREE WRITING PROSPECTUS Unassociated Document
   
FREE WRITING PROSPECTUS
   
FILED PURSUANT TO RULE 433
   
REGISTRATION FILE NO.: 333-180779-15
     

NEW ISSUE CMBS:
$950MM MORGAN STANLEY BofA MERRILL LYNCH SERIES 2015-C22
CO-LEAD MANAGERS & BOOKRUNNERS:
MORGAN STANLEY & BofA MERRILL LYNCH
CO-MANAGER:
CIBC, DREXEL HAMILTON


PUBLICLY OFFERED CERTIFICATES

CLASS
MOODY'S/FITCH/KBRA
SIZE($MM)
WAL(YRS)
LAUNCH
TARGET $
A-1
Aaa(sf)/AAAsf/AAA(sf)
$55.100
2.78
S+36
$100
A-2
Aaa(sf)/AAAsf/AAA(sf)
$66.500
4.92
S+55
$103
A-SB
Aaa(sf)/AAAsf/AAA(sf)
$84.700
7.33
S+75
$103
A-3
Aaa(sf)/AAAsf/AAA(sf)
$250.000
9.78
S+91
$101
A-4
Aaa(sf)/AAAsf/AAA(sf)
$318.826
9.90
S+93
$103
A-S
Aa2(sf)/AAAsf/AAA(sf)
$60.903
9.98
S+118
$103
B
NR/AA-sf/AA(sf)
$63.671
9.98
S+150
$103
C
NR/A-sf/A-(sf)
$51.214
9.98
S+205
WAC


POOL BALANCE:
$1,107MM
NUMBER OF LOANS/PROPERTIES:
77/91
WA MORTGAGE INT. RATE:
4.266%
WA CUT-OFF LTV:
67.5%
WA UW NCF DSCR:
1.74x
WA UW NOI DEBT YLD:
10.0%
WA ORIG TERM TO MATURITY:
116
WA ORIG AMORTIZING TERM:
346
TEN LARGEST LOANS:
47.9%
LOAN SELLERS:
MS(44.5%),BAML (27.1%), CIBC(19.9%),SWOOD (8.5%)
TOP 5 STATES:
NY(15.3%),CA(14.1%), IL(13.5%),TX(13.4%),PA(5.2%)
TOP 5 PROPERTY TYPES:
RT(32.7%), HS(23.0%), MF(10.8%), OF(10.1%), LF(9.0%)
   
MASTER SERVICER:
WELLS FARGO BANK, NATIONAL ASSOCIATION
SPECIAL SERVICER:
MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION
TRUSTEE:
WILMINGTON TRUST, NATIONAL ASSOCIATION
CERT ADMIN:
WELLS FARGO BANK, NATIONAL ASSOCIATION
TRUST ADVISOR:
PARK BRIDGE LENDER SERVICES LLC
INITIAL CONTROLLING CLASS REP:
DOUBLINE CAPITAL LP or its affiliate

*** The depositor has filed a registration statement (including a prospectus) with the SEC (File # 333-180779) for the offering to which this free writing prospectus 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 if you request it by calling toll free 1-866-718-1649 or by email to prospectus@ms.com. ***
**** IMPORTANT NOTICE REGARDING THE CONDITIONS FOR THIS OFFERING OF ASSET-BACKED SECURITIES

THE ASSET-BACKED SECURITIES REFERRED TO IN THESE MATERIALS ARE BEING OFFERED WHEN, AS AND IF ISSUED.  IN PARTICULAR, YOU ARE ADVISED THAT ASSET-BACKED SECURITIES, AND THE ASSET POOLS BACKING THEM, ARE SUBJECT TO MODIFICATION OR REVISION (INCLUDING, AMONG OTHER THINGS, THE POSSIBILITY THAT ONE OR MORE CLASSES OF SECURITIES MAY BE SPLIT, COMBINED OR ELIMINATED), AT ANY TIME PRIOR TO ISSUANCE OR AVAILABILITY OF A FINAL OFFERING DOCUMENT.  AS A RESULT, YOU MAY COMMIT TO PURCHASE SECURITIES THAT HAVE CHARACTERISTICS THAT MAY CHANGE, AND YOU ARE ADVISED THAT ALL OR A PORTION OF THE SECURITIES MAY NOT BE ISSUED THAT HAVE THE CHARACTERISTICS DESCRIBED IN THESE MATERIALS.  OUR OBLIGATION TO SELL SECURITIES TO YOU IS CONDITIONED ON THE SECURITIES AND THE UNDERLYING TRANSACTION HAVING THE CHARACTERISTICS DESCRIBED IN THESE MATERIALS.  IF WE DETERMINE THAT CONDITION IS NOT SATISFIED IN ANY MATERIAL RESPECT, WE WILL NOTIFY YOU, AND NEITHER THE ISSUING ENTITY OR ANY UNDERWRITER WILL HAVE ANY OBLIGATION TO YOU TO DELIVER ALL OR ANY PORTION OF THE SECURITIES WHICH YOU HAVE COMMITTED TO PURCHASE, AND THERE WILL BE NO LIABILITY BETWEEN US AS A CONSEQUENCE OF THE NON-DELIVERY. ****                                                                                                                       

**** THIS INFORMATION IS NOT TO BE SHOWN OR GIVEN TO ANY PERSON OTHER THAN THE RECIPIENT, AND IS NOT TO BE FORWARDED TO ANY OTHER PERSON, COPIED OR OTHERWISE REPRODUCED OR DISTRIBUTED TO ANY OTHER PERSON IN ANY MANNER WHATSOEVER. FAILURE TO COMPLY WITH THIS DIRECTIVE CAN RESULT IN A VIOLATION OF THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"). ****

**** IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS

ANY LEGENDS, DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR AT THE BOTTOM OF THIS E-MAIL OR AT THE BOTTOM OF THE E-MAIL COMMUNICATION TO WHICH THIS MATERIAL MAY HAVE BEEN ATTACHED ARE NOT APPLICABLE TO THESE MATERIALS AND SHOULD BE DISREGARDED.  SUCH LEGENDS, DISCLAIMERS OR OTHER NOTICES HAVE BEEN AUTOMATICALLY GENERATED AS A RESULT OF THESE MATERIALS HAVING BEEN SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM. ****

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