Wells Fargo Commercial Mortgage Securities Inc.
10/01/2024 | Press release | Distributed by Public on 10/01/2024 14:52
Free Writing Prospectus - Form FWP
| FREE WRITING PROSPECTUS | ||
| FILED PURSUANT TO RULE 433 | ||
| REGISTRATION FILE NO.: 333-257991-13 |
| From: | Wells Abf Syndicate Wells Fargo (WELLS FARGO SECURITI) At: 10/01/24 10:29:04 UTC-4:00 |
| Subject: | BANK5 2024-5YR10 - NEW ISSUE **STATUS** |
BANK5 2024-5YR10 - NEW ISSUE **STATUS**
| Co-Lead Managers & Bookrunners: | Wells Fargo Securities, BofA Securities, J.P. Morgan and Morgan Stanley |
| Co-Managers: | Academy Securities, Inc., Drexel Hamilton and Siebert Williams Shank |
Offered Certificates
| Class | Expected Ratings (Fitch/Moody's/MDBRS) | Available Size ($MM) | CE% | WAL (YRS) | Principal Window | GUID | STATUS/AVAIL | |
| A-1 | AAAsf/Aaa(sf)/AAA(sf) | $8.457 | 30.000% | 2.49 | 1-57 | AUCTION | ||
| A-2* | AAAsf/Aaa(sf)/AAA(sf) | [$200.000] | 30.000% | [4.86] | 57-59 | A3-2BPS | \ | ~1.65x/2.5x^ |
| A-3* | AAAsf/Aaa(sf)/AAA(sf) | [$357.149] | 30.000% | [4.94] | 59-60 | J+106A | / | COMB |
| A-S | AAAsf/Aa3(sf)/AAA(sf) | $94.941 | 18.250% | 5.00 | 60-60 | J+140A | ~5.1x/9.4x^SUBJ | |
| B | AA-sf/NR/AA(high)(sf) | $39.391 | 13.375% | 5.00 | 60-60 | J+190# | 1x^SUBJ | |
| C | A-sf/NR/A(high)(sf) | $29.290 | 9.750% | 5.00 | 60-60 | J+220# | 1x^SUBJ | |
| D | BBBsf/NR/A(low)(sf) | $12.120 | 8.250% | 5.00 | 60-60 | J+350A | ~1x | |
| E | BBB-sf/NR/BBB(high)(sf) | $8.080 | 7.250% | 5.00 | 60-60 | J+500A | ~2x |
^Some size not level protection in this class
*Sizes and WAL's are subject to change as detailed in the Term Sheet
If this communication relates to an offering of US registered securities (i) a registration statement has been filed with the SEC, (ii) before investing you should read the filed documents, and (iii) you may obtain these documents from your sales representative, by calling 1-800-326-5897 or visiting www.sec.gov. If this communication relates to a securities offering exempt from US registration, you should contact your sales representative for the complete disclosure package. For information regarding Wells Fargo, see https://www.wellsfargo.com/com/disclaimer/wfid3. In Japan, see: https://www.wellsfargo.com/com/disclaimer/wfsjb4. This chat will be retained and may be monitored.