Filed pursuant to Rule 433
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Dated January 13, 2014 |
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Registration Statement No. 333-179874-01 | |
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Relating to | |
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Preliminary Prospectus Supplement Dated January 13, 2014 and | |
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Prospectus dated March 2, 2012 |
$600,000,000 3.750% NOTES DUE 2024
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Issuer: |
Simon Property Group, L.P. |
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Legal Format: |
SEC Registered |
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Size: |
$600,000,000 |
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Maturity Date: |
February 1, 2024 |
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Coupon (Interest Rate): |
3.750% |
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Interest Payment Dates: |
February 1 and August 1, commencing August 1, 2014 |
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Benchmark Treasury: |
2.750% due November 15, 2023 |
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Benchmark Treasury Price and Yield: |
99-11+; 2.825% |
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Spread to Benchmark Treasury: |
1.000% (100 basis points) |
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Expected Ratings (Moody’s / S&P): |
A2 / A (Stable / Stable) |
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Yield to Maturity: |
3.825% |
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Day Count Convention: |
30 / 360 |
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Redemption Provision: |
Make-whole call prior to November 1, 2023 based on U.S. Treasury + 0.15% (15 basis points) or at par on or after November 1, 2023 |
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Initial Price to Public: |
99.379% plus accrued interest from January 21, 2014 if settlement occurs after that date |
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Settlement Date: |
T+5; January 21, 2014 |
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Denominations: |
$2,000 x $1,000 |
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CUSIP / ISIN: |
828807CR6 / US828807CR63 |
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Joint Book-Running Managers: |
Citigroup Global Markets Inc. |
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Deutsche Bank Securities Inc. |
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Co-Managers: |
BB&T Capital Markets, a division of BB&T Securities, LLC |
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 Citigroup Global Markets Inc. toll-free at 1-800-831-9146,
Credit Suisse Securities (USA) LLC toll-free at 1-800-221-1037, Deutsche Bank Securities Inc. toll-free at 1-800-503-4611 or Morgan Stanley & Co. LLC toll-free at 1-866-718-1649.