Free Writing Prospectus (Form FWP)

		FREE WRITING PROSPECTUS
		FILED PURSUANT TO RULE 433
		REGISTRATION FILE NO.: 333-280318-04

From: Spg Syndicate Jpm (JP MORGAN SECURITIES) <_sjpm240_bloomberg.net>
Sent: Wednesday, March 25, 2026 12:14 PM
Subject: ★CLASS XA/XB ANNOUNCEMENT★ $722.002MM BANK5 2026-5YR21 ***PUBLIC CMBS***

BANK5 2026-5YR21 COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2026-5YR21

JOINT BOOKRUNNERS & CO-LEAD MANAGERS : J.P. MORGAN SECURITIES LLC, BofA Securities, Inc., WELLS FARGO SECURITIES, LLC, MORGAN STANLEY & CO. LLC
CO-MANAGERS : DREXEL HAMILTON, LLC, ACADEMY SECURITIES, INC.
RATING AGENCIES : FITCH/MOODYS/MDBRS
OFFERING TYPE : SEC-REGISTERED *** OFFERED CERTIFICATES - PUBLIC ***

CLS	RATINGS (F/M/MDBRS)	~EXPECTED SIZE($MM)	PROCEEDS($MM)	IPT
XA	AAA/Aaa/AAA	575.136	20.170	J-100a
XB	A-/NR/AA	68.811	1.170	J-90a  AUCTION BIDS DUE @ 3 PM ET

* PRICING SPEED: 100CPY

COLLATERAL SUMMARY
CUT-OFF DATE BALANCE :	$836,684,520
NUMBER OF LOANS :	31
NUMBER OF PROPERTIES :	64
WA CUT-OFF LTV :	57.0%
WA MATURITY LTV :	56.8%
WA U/W NCF DSCR :	2.09x
WA U/W NOI DEBT YIELD :	13.8%
TOP TEN LOANS % :	68.2%
WA TERM TO MATURITY (MOS) :	60
WA REMAINING AMORTIZATION TERM (MOS) :	358
WA SEASONING (MOS) :	1

TOP 5 PROPERTY TYPES :	OFFICE (29.8%), HOSPITALITY (21.1%), MIXED USE (14.3%), SELF STORAGE (10.4%), RETAIL (9.1%)
TOP 5 STATES :	CA (21.9%), NY (17.9%), TX (10.7%), NV (8.2%), IA (7.4%)
LOAN SELLERS :	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION (26.3%), BANK OF AMERICA, NATIONAL ASSOCIATION (34.1%), WELLS FARGO BANK, NATIONAL ASSOCIATION (26.8%), MORGAN STANLEY MORTGAGE CAPITAL HOLDINGS LLC (12.7%)

U.S. RISK RETENTION :	MORGAN STANLEY MORTGAGE CAPITAL HOLDINGS LLC IS EXPECTED TO ACT AS THE “RETAINING SPONSOR” AND INTENDS TO SATISFY THE U.S. CREDIT RISK RETENTION RULES VIA A COMBINATION OF (I) RETENTION OF AN “ELIGIBLE VERTICAL INTEREST” BY JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, BANK OF AMERICA, NATIONAL ASSOCIATION, WELLS FARGO BANK, NATIONAL ASSOCIATION AND MORGAN STANLEY MORTGAGE CAPITAL HOLDINGS LLC AND (II) PURCHASE BY EIGHTFOLD REAL ESTATE CAPITAL FUND VI, L.P. AND EIGHTFOLD REAL ESTATE CAPITAL FUND VII, L.P., THE “THIRD-PARTY PURCHASERS,” OF AN “ELIGIBLE HORIZONTAL RESIDUAL INTEREST,” WHICH WILL BE COMPRISED OF THE CLASS F-RR, CLASS G-RR, CLASS X-FRR AND CLASS X-GRR CERTIFICATES.
EU RISK RETENTION :	THE TRANSACTION IS NOT STRUCTURED TO SATISFY THE EU RISK RETENTION AND DUE DILIGENCE REQUIREMENTS
MASTER SERVICERS :	MIDLAND LOAN SERVICES, A DIVISION OF PNC BANK, NATIONAL ASSOCIATION
SPECIAL SERVICER :	LNR PARTNERS, LLC
OPERATING ADVISOR :	PENTALPHA SURVEILLANCE LLC
ASSET REPRESENTATIONS REVIEWER :	PENTALPHA SURVEILLANCE LLC
DIRECTING CERTIFICATEHOLDER :	EIGHTFOLD REAL ESTATE CAPITAL, L.P. (OR AN AFFILIATE)
DOCUMENTS & TIMING
ANTICIPATED PRICING :	ON OR ABOUT MARCH 25, 2026
ANTICIPATED SETTLEMENT :	ON OR ABOUT APRIL 17, 2026

JPM CMBS BANKING CONTACTS
KUNAL SINGH 212-834-5467
HARRIS RENDELSTEIN 212-834-6737
RANDY GOLDSTEIN 212-270-2188 JPM CMBS TRADING DESK CONTACTS
AVINASH SHARMA 212-834-3111
BRIAN CAREY 212-834-3111
DERRICK FETZER 212-834-3111 JPM SPG SYNDICATE CONTACTS
JENNIFER KORNBLAU 212-834-4154
MORGAN ROACH 212-834-4154
JACQUELINE LARET 212-834-4154
MICHAEL CASH 212-834-4154
MARIE SARAFIAN 212-834-4154 BOFA CMBS BANKING CONTACTS
LELAND BUNCH 646-855-3953
DANIELLE CALDWELL 646-855-3421 WELLS FARGO CMBS SYNDICATE CONTACTS
CHRISTIE TINTLE 704-410-3008
DANIEL BOXER 704-410-3008
LAUREN SODERBERG 704-410-3008
STEPHEN SKRYNECKI 704-410-3008 WELLS FARGO CMBS BANKING CONTACTS
ALEX WONG 212-214-5615
SEAN DUFFY 312-827-1518
BRIGID MATTINGLY 212-214-7648
TYLER HOSTETLER 212-214-3338 MS CMBS SYNDICATE & STRUCTURING CONTACTS
NISHANT KAPUR 212-761-1483
JAS SINGH 212-761-9099 MS CMBS BANKING CONTACTS
JANE LAM 212-761-3507
JARED SMITH 212-761-3075

***********************************************************************************
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 the prospectus if you request it by calling (800) 408-1016 or by emailing the ABS Syndicate Desk at [email protected]. You should not reply to this announcement. Any reply e-mail communications, including those you generate by using the “Reply” function on your e-mail software, will be ignored or rejected. This notice does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction where such offer or solicitation would be unlawful, and does not constitute an offer to sell or a solicitation of an offer to buy or an advertisement in respect of securities in any province or territory of Canada other than the provinces of Ontario, Quebec, Alberta, British Columbia, Nova Scotia and New Brunswick unless the issuer has securities listed or quoted on one of the exchanges or markets referred to in the definition of “OTC Issuer” in Multilateral Instrument 51-105. Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication being sent by Bloomberg or another email system.