Filed Pursuant to Rule 433

Dated March 8, 2012

Registration Statement No. 333-179874-01

Relating to

Preliminary Prospectus Supplement Dated March 8, 2012 and

Prospectus dated March 2, 2012

 

$600,000,000 2.150% NOTES DUE 2017

 

Issuer:

Simon Property Group, L.P.

Legal Format:

SEC Registered

Size:

$600,000,000

Maturity Date:

September 15, 2017

Coupon (Interest Rate):

2.150%

Interest Payment Dates:

March 15 and September 15, commencing September 15, 2012

Benchmark Treasury:

0.875% due February 28, 2017

Benchmark Treasury Price and Yield:

99-30 ¼; 0.886%

Spread to Benchmark Treasury:

1.30% (130 basis points)

Yield to Maturity:

2.186%

Expected Rating (Moody’s/S&P):

A3 (stable)/A- (stable)

Day Count Convention:

30 / 360

Redemption Provision:

Make-whole call prior to June 15, 2017 based on U.S. Treasury + 0.20% (20 basis points) or at par on or after June 15, 2017

Initial Price to Public:

99.814% plus accrued interest from March 13, 2012 if settlement occurs after that date

Settlement Date:

T+3; March 13, 2012

Denominations:

$2,000 x $1,000

CUSIP; ISIN:

828807 CJ4 / US828807CJ48

Joint Book-Running Managers:

J.P. Morgan Securities LLC

RBS Securities Inc.

UBS Securities LLC

Barclays Capital Inc.

Credit Suisse Securities (USA) LLC

RBC Capital Markets, LLC

Co-Managers:

Credit Agricole Securities (USA) Inc.

Fifth Third Securities, Inc.

Mitsubishi UFJ Securities (USA), Inc.

Morgan Keegan & Company, Inc.

Scotia Capital (USA) Inc.

 

This communication is intended for the sole use of the person to whom it is provided by the issuer.

 

A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

 

The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission for the offering to which this communication relates.  Before you invest, you should read the prospectus in that registration statement and the related preliminary prospectus supplement and other documents the issuer has filed with the Securities and Exchange Commission for more complete information about the issuer and this offering.  You may get these documents for free by visiting EDGAR on the Securities and Exchange Commission’s website at www.sec.gov.  Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and related preliminary prospectus supplement if you request it by calling J.P. Morgan Securities LLC collect at 1-212-834-4533, RBS Securities Inc. toll-free at 1-866-884-2071, or UBS Securities LLC at 1-877-827-6444, ext. 561 3884.

 

1