| FREE WRITING PROSPECTUS | ||
| FILED PURSUANT TO RULE 433 | ||
| REGISTRATION FILE NO.: 333-261279-02 | ||
BANK 2022-BNK42 **Pricing Details** PUBLICS
| NEW ISSUE CMBS: | approx. $621.834mn BANK 2022-BNK42 |
| CO-LEAD MANAGERS & | |
| BOOKRUNNERS: | BofA Securities, Wells Fargo Securities and Morgan Stanley |
| CO-MANAGERS: | Academy Securities, Inc. and Drexel Hamilton |
PUBLICLY
OFFERED CERTIFICATES
| CLASS | Fitch/Moody’s/KBRA | SIZE ($MM) |
WAL(YRS) | CE% | WINDOW | DY% | LTV% | Spread | Coupon | Yield | Price |
| A-1 | AAAsf/Aaa(sf)/AAA(sf) | $7.760 | 3.20 | 30.000% | 1-59 | 18.6% | 36.7% | P+120 | 3.791000 | 3.772 | 99.9982 |
| A-2 | AAAsf/Aaa(sf)/AAA(sf) | $74.100 | 4.93 | 30.000% | 59-59 | 18.6% | 36.7% | P+122 | 4.442000 | 3.767 | 102.9958 |
| A-SB | AAAsf/Aaa(sf)/AAA(sf) | $15.180 | 7.49 | 30.000% | 59-117 | 18.6% | 36.7% | P+151 | 4.512000 | 4.053 | 102.9939 |
| A-4 | AAAsf/Aaa(sf)/AAA(sf) | $125.000 | 9.92 | 30.000% | 117-118 | 18.6% | 36.7% | P+158 | 4.246000 | 4.137 | 100.9973 |
| A-5 | AAAsf/Aaa(sf)/AAA(sf) | $284.104 | 9.92 | 30.000% | 118-119 | 18.6% | 36.7% | P+158 | 4.493000 | 4.138 | 102.9993 |
| A-S | AAAsf/Aa1(sf)/AAA(sf) | $38.865 | 9.93 | 24.625% | 119-119 | 17.3% | 39.6% | P+200 | 4.721378 | 4.558 | 101.6573 |
| B | AA-sf/NR/AA+(sf) | $37.960 | 9.93 | 19.375% | 119-119 | 16.2% | 42.3% | P+240 | 4.721378 | 4.958 | 98.5491 |
| C | A-sf/NR/A(sf) | $38.865 | 9.93 | 14.000% | 119-119 | 15.2% | 45.1% | P+295 | 4.721378 | 5.508 | 94.4620 |
| POOL BALANCE: | $761,119,401 |
| NUMBER OF LOANS/PROPERTIES: | 44/69 |
| WA MORTGAGE INT. RATE: | 4.7453% |
| WA CUT-OFF LTV: | 52.5% |
| WA UW NCF DSCR: | 2.56x |
| WA UW NOI DEBT YLD: | 13.1% |
| WA ORIG TERM TO MATURITY: | 114 |
| TEN LARGEST LOANS: | 69.0% |
| LOAN SELLERS: | WFB(39.4%), MSMCH(35.2%),BANA(19.3%),NCB(6.1%) |
| TOP 5 STATES: | CA(31.3%),NY(15.4%),FL(15.1%),DC(10.0%),TX(8.8%) |
| TOP 5 PROPERTY TYPES: | OF(34.7%),RT(23.3%),HT(10.0%),SS(7.6%),MHC(7.4%) |
| RISK RETENTION Eligible vertical interest ("V") | |
| MASTER SERVICER: | Wells Fargo Bank and National Cooperative Bank |
| SPECIAL SERVICER: | LNR Partners, LLC, National Cooperative Bank, N.A |
| TRUSTEE: | Wilmington Trust |
| CERT ADMIN: | ComputerShare |
| TRUST ADVISOR: | Park Bridge |
| INITIAL CONTROLLING CLASS REP: | LD III Sub VIII, LLC |
| Documents and Expected Timing: | |
| Attached: | TERM SHEET, ANNEX A-1, PRELIM PROSPECTUS |
| PRICING: | PRICED |
| SETTLEMENT: | On or about June 9 |
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The
issuer has filed a registration statement (including a prospectus) with the SEC 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
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securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer.
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