Filed Pursuant to Rule 433
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Dated September 3, 2014 |
$900,000,000 3.375% NOTES DUE 2024
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Issuer: |
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Simon Property Group, L.P. |
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Legal Format: |
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SEC Registered |
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Size: |
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$900,000,000 |
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Maturity Date: |
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October 1, 2024 |
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Coupon (Interest Rate): |
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3.375% |
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Benchmark Treasury: |
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2.375% due August 15, 2024 |
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Benchmark Treasury Price and Yield: |
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99.25+; 2.398% |
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Spread to Benchmark Treasury: |
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1.00% (100 basis points) |
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Yield to Maturity: |
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3.398% |
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Day Count Convention: |
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30 / 360 |
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Redemption Provision: |
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Make-whole call prior to July 1, 2024 based on U.S. Treasury + 0.15% (15 basis points) or at par on or after July 1, 2024 |
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Initial Price to Public: |
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99.804% plus accrued interest from September 10, 2014 if settlement occurs after that date |
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Settlement Date: |
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T+5; September 10, 2014 |
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Denominations: |
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$2,000 x $1,000 |
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CUSIP / ISIN: |
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828807CS4 / US828807CS47 |
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Joint Book-Running Managers: |
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Citigroup Global Markets Inc. Deutsche Bank Securities Inc. RBS Securities Inc. UBS Securities LLC J.P. Morgan Securities LLC Morgan Stanley & Co. LLC Credit Suisse Securities (USA) LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated |
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Co-Managers: |
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PNC Capital Markets LLC TD Securities (USA) LLC Fifth Third Securities, Inc. SMBC Nikko Securities America, 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 Citigroup Global Markets Inc. toll-free at 1-800-831-9146, Deutsche Bank Securities Inc. toll-free at 1-800-503-4611 or RBS Securities Inc. toll-free at 1-866-884-2071.