FWP 1 n1763-x6_fwp.htm FORM FWP

 

    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-227081-03
     

 

From: Cs Sp Syndicate (CREDIT SUISSE SECURI) <cssyndicate@bloomberg.net>

Date: Tuesday, Sep 10, 2019, 2:12 PM

Subject: ** NEW ISSUE CMBS ANNOUNCEMENT ** CSAIL 2019-C17 ** PUBLIC CMBS **

 

CSAIL COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2019-C17

 

JOINT BOOKRUNNERS : Credit Suisse, Société Générale, UBS Securities LLC
CO-MANAGER : Academy Securities

CLS RATINGS F/K/S  AVAIL SIZE $MM WAL YRS  P.WIN C/E%  UW NOI LTV% D/Y%
A-1 AAA/AAA/AAA 19.860  2.79  1-55  30.000 45.3  14.4
A-2 AAA/AAA/AAA 33.255  4.81  55-60  30.000 45.3  14.4
A-3 AAA/AAA/AAA 30.344 6.81  82-82  30.000  45.3  14.4 **NOT AVAIL**
A-4  AAA/AAA/AAA 200.000*  9.69*  110-118*  30.000  45.3  14.4
A-5  AAA/AAA/AAA  236.350*  9.93*  118-120*  30.000 45.3  14.4
A-SB  AAA/AAA/AAA 40.481  7.13 60-110  30.000  45.3 14.4
A-S  AAA/AAA/AA  47.025  9.97 120-120  24.125  49.1  13.3
B AA-/AA/NR 36.018  9.97  120-120 19.625  52.0  12.6
C  A-/A/NR  39.021  9.97  120-120 14.750 55.1 11.9

* Sizes, WALs and principal windows are subject to change as detailed in the attached Term Sheet.

* Expected Settle : 09/25/19 * Format : SEC-Registered

* First Pay Date : 10/18/19 * Min Denoms : $10k by $1

* Expected Ratings : F/K/S * ERISA : Yes

* Ticker : CSAIL 2019-C17 * Timing : Next Week

 

THIRD PARTY PASSWORDS:  
  Vendor Deal Password
  Bloomberg CSAIL 2019-C17 19CSAIL17
  Trepp CSAIL 2019-C17 19CSAIL17
  Intex CSI19C17 botjssvbfunruvjb

 

 

SPONSORS AND LOAN SELLERS:  
  Column Financial 17.2%
  3650 REIT 49.5%
  Societe Generale Financial Corporation 23.7%
  UBS AG 9.6%
   
MASTER & SPECIAL SERVICER: Midland

 

 

 

******************************************************************************

Investors are urged to read the final prospectus relating to these securities because it contains important information regarding the offering that is not included herein. The issuer, the underwriters or any dealer participating in the offering will arrange to send you the final prospectus if you request it by calling toll-free 1-800-221-1037.

 

The asset-backed securities referred to in these materials, and the asset pool backing them, are subject to modification or revision (including 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 prospectus) and are offered on a "when, as and if issued" basis.

 

The information contained in these materials may be based on assumptions regarding market conditions and other matters as reflected herein. Credit Suisse Securities (USA) LLC and the other underwriters make no representation regarding the reasonableness of such assumptions or the likelihood that any such assumptions will coincide with actual market conditions or events, and these materials should not be relied upon for such purposes. The underwriters and their respective affiliates, officers, directors, partners and employees, including persons involved in the preparation or issuance of these materials, may, from time to time, have long or short positions in, and buy and sell, the securities mentioned herein or derivatives thereof (including options). Credit Suisse Securities (USA) LLC and the other underwriters may have an investment or commercial banking relationship with the issuer.

 

Information in these materials is current as of the date appearing on the material only. This free writing prospectus is not required to contain all information that is required to be included in the prospectus. The information in this free writing prospectus is preliminary and subject to change. Information in these materials regarding any securities discussed herein supersedes all prior information regarding such securities. These materials are not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities.

 

The issuer has filed a registration statement (including a prospectus) with the SEC (registration statement file no. 333-227081) 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 toll-free 1-800-221-1037. The securities may not be suitable for all investors.

 

-------------------------------------------------------------------------------
This message is for information only, its accuracy is not guaranteed. It's not an opinion. Price/yield information is indicative subject to change without notice. This is not an offer or solicitation to buy/sell financial instruments. Credit Suisse and its affiliates (`CS') may hold positions in, trade, or perform investment banking or other services for the companies named. References to terms of transactions are preliminary. CS is not acting as a municipal advisor. Where required by law, except FX instruments, pre-trade mid-market mark is the arithmetic mean of bid/offer prices unless otherwise stated. https://www.credit-suisse.com/sites/disclaimers/disclaimers-ib/en/americas-salestrading.html