Free Writing Prospectus
Filed pursuant to Rule 433
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Dated January 8, 2016 |
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Registration Statement No. 333-202562-01 | |
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Relating to | |
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Preliminary Prospectus Supplement Dated January 8, 2016 and | |
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Prospectus dated March 6, 2015 |
$550,000,000 2.500% NOTES DUE 2021
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Issuer: |
Simon Property Group, L.P. |
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Legal Format: |
SEC Registered |
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Ratings*: |
A2 (Moody’s)/A (S&P) |
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Size: |
$550,000,000 |
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Maturity Date: |
July 15, 2021 |
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Coupon (Interest Rate): |
2.500% per annum |
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Interest Payment Dates: |
January 15 and July 15, commencing July 15, 2016 |
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Benchmark Treasury: |
1.750% due December 31, 2020 |
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Benchmark Treasury Price and Yield: |
100-28 // 1.566% |
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Spread to Benchmark Treasury: |
T+95 basis points |
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Yield to Maturity: |
2.516% |
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Initial Price to Public: |
99.918% plus accrued interest from January 13, 2016 if settlement occurs after that date |
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Redemption Provision: |
Make-whole call prior to April 15, 2021 based on U.S. Treasury + 15 basis points or at par on or after April 15, 2021 |
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Settlement Date: |
T+3; January 13, 2016 |
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CUSIP / ISIN: |
828807 CX3 / US828807CX32 |
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Joint Book-Running Managers: |
Credit Suisse Securities (USA) LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated Morgan Stanley & Co. LLC |
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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 make a decision to 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 Credit Suisse Securities (USA) LLC toll-free at 1-800-221-1037, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-800-294-1322 or Morgan Stanley & Co. LLC toll-free at 1-866-718-1649.