| FREE WRITING PROSPECTUS | ||
| FILED PURSUANT TO RULE 433 | ||
| REGISTRATION FILE NO.: 333-206582-12 | ||
NEW ISSUE CMBS: $944.011mm BANK 2017-BNK8
CO-LEAD MANAGERS & BOOKRUNNERS: Morgan Stanley, Wells Fargo Securities and BofA Merrill Lynch
PUBLICLY OFFERED CERTIFICATES
| CLASS | Moody's/Fitch/KBRA | SIZE($MM) | WAL(YRS) | CE% | LAUNCH | ||
| A-1 | Aaa(sf)/AAAsf/AAA(sf) | $17.200 | 2.70 | 30.000% | S+20 | ||
| A-2 | Aaa(sf)/AAAsf/AAA(sf) | $11.400 | 4.90 | 30.000% | S+48 | ||
| A-SB | Aaa(sf)/AAAsf/AAA(sf) | $37.700 | 7.53 | 30.000% | S+60 | ||
| A-3 | Aaa(sf)/AAAsf/AAA(sf) | $330.000 | 9.81 | 30.000% | S+74 | ||
| A-4 | Aaa(sf)/AAAsf/AAA(sf) | $355.686 | 9.92 | 30.000% | S+76 | ||
| A-S | Aa2(sf)/AAAsf/AAA(sf) | $65.799 | 10.00 | 23.875% | S+100 | ||
| B | NR/AA-sf/AA(sf) | $77.884 | 10.00 | 16.625% | S+125 | ||
| C | NR/A-sf/A-(sf) | $48.342 | 10.00 | 12.125% | S+165 | ||
| NON-OFFERED ELIGIBLE VERTICAL INTEREST | |||||||
| PRIN | NOI | ||||||
| CLASS | Moody's/Fitch/KBRA | SIZE($MM) | WAL(YRS) | CE% | WINDOW | DY% | LTV% |
| RRI | NR/NR/NR | $56.540 | N/A | N/A | N/A | N/A | N/A |
| POOL BALANCE: | $1,130,807,029 |
| NUMBER OF LOANS/PROPERTIES: | 50/83 |
| WA MORTGAGE INT. RATE: | 4.0925% |
| WA CUT-OFF LTV: | 56.3% |
| WA UW NCF DSCR: | 2.50x |
| WA UW NOI DEBT YLD: | 12.0% |
| WA ORIG TERM TO MATURITY: | 119 |
| WA ORIG AMORTIZING TERM: | 354 |
| TEN LARGEST LOANS: | 69.5% |
| LOAN SELLERS: | BANA (46.3%), WFB (26.9%), MS (17.2%), MS/WFB (7.1%), NCB (2.5%) |
| TOP 5 STATES: | NY (22.4%), CA (19.6%), MA (15.3%), VA (7.7%), TX (6.2%) |
| TOP 5 PROPERTY TYPES: | OF (52.9%), MF (16.5%), RT (13.2%), HT (8.6%), IN (7.9%) |
| MASTER SERVICER: | Wells Fargo Bank, National Association and National Cooperative Bank, N.A. |
| SPECIAL SERVICER: | Midland Loan Services, a Division of PNC Bank, National Association and National Cooperative Bank, N.A. |
| TRUSTEE: | Wilmington Trust |
| CERT ADMIN: | Wells Fargo Bank, National Association |
| TRUST ADVISOR: | Park Bridge Lender Services LLC |
| INITIAL CNTRLNG CLASS REP: | Eightfold Real Estate Capital Fund V, L.P. or an affiliate thereof |
| EXPECTED PRICING: | Today, October 27 at 10:30am EST |
| EXPECTED SETTLEMENT: | On or about 11/15/17 |
*** The depositor has filed a registration statement (including a prospectus) with the SEC (File # 333-206582) 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. ****
**** 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. ****
-------------------------------------------------------------------------------
Content prepared by sales/trading for institutions. NOT: research; independent/impartial; a recommendation or basis to consider
MS a fiduciary or (esp.prices, which are not for use by others) and is an invitation to consider a swap transaction under CFTC
Rules 1.71/23.605 (but not an offer to enter a trading before/after sending, market making, lending, advising or other services
representation of accuracy/completeness is made. Full terms at ms.com/disclaimers/productspecific