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Free Writing Prospectus Registration Statement No. 333-202562-01 Relating to Preliminary Prospectus Supplement Dated January 8, 2016 and Prospectus dated March 6, 2015 |
$800,000,000 3.300% NOTES DUE 2026
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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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Ratings*: |
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A2 (Moody’s)/A (S&P) |
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Size: |
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$800,000,000 |
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Maturity Date: |
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January 15, 2026 |
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Coupon (Interest Rate): |
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3.300% per annum |
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Benchmark Treasury: |
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2.250% due November 15, 2025 |
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Benchmark Treasury Price and Yield: |
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101-04+ // 2.121% |
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Spread to Benchmark Treasury: |
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T+125 basis points |
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Yield to Maturity: |
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3.371% |
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Initial Price to Public: |
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99.401% plus accrued interest from January 13, 2016 if settlement occurs after that date |
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Redemption Provision: |
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Make-whole call prior to October 15, 2025 based on U.S. Treasury + 20 basis points or at par on or after October 15, 2025 |
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Settlement Date: |
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T+3; January 13, 2016 |
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CUSIP / ISIN: |
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828807 CW5 / US828807CW58 |
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Joint Book-Running Managers: |
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Credit Suisse Securities (USA) LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated Morgan Stanley & Co. LLC BBVA Securities Inc. Mizuho Securities USA Inc. Santander Investment Securities Inc. SMBC Nikko Securities America, Inc. SunTrust Robinson Humphrey, Inc. |
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Co-Managers: |
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BB&T Capital Markets, a division of BB&T Securities, LLC BNY Mellon Capital Markets, LLC Fifth Third Securities, Inc. Regions Securities LLC 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 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.