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Filed Pursuant to Rule 433 |
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Dated January 19, 2010 |
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Registration Statement No. 333-157794-01 |
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Relating to |
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Preliminary Prospectus Dated January 19, 2010 and |
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Prospectus dated March 9, 2009 |
$1,250,000,000 5.650% NOTES DUE 2020
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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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$1,250,000,000 |
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Maturity Date: |
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February 1, 2020 |
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Coupon (Interest Rate): |
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5.650% |
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Interest Payment Dates: |
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February 1 and August 1, commencing August 1, 2010 |
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Benchmark Treasury: |
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3.375% due November 15, 2019 |
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Benchmark Treasury Price and Yield: |
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97-11; 3.700% |
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Spread to Benchmark Treasury: |
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2.00% (200 basis points) |
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Yield to Maturity: |
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5.700% |
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Expected Ratings (S&P / Moody’s): |
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A- (stable) / A3 (stable) |
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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 at any time based on U.S. Treasury + 0.30% (30 basis points) or at par on or after November 1, 2019 |
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Initial Price to Public: |
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99.621% plus accrued interest from January 25, 2010, if settlement occurs after that date |
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Settlement Date: |
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T+4; January 25, 2010 |
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Denominations: |
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$2,000 x $1,000 |
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CUSIP; ISIN: |
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828807CD7; US828807CD77 |
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Joint Book-Running Managers: |
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Citigroup Global Markets Inc.; Morgan Stanley & Co. Incorporated; RBS Securities Inc.; and Barclays Capital Inc. |
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Co-Managers: |
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Calyon Securities (USA) Inc.; Fifth Third Securities, Inc.; Morgan Keegan & Company, Inc.; RBC Capital Markets Corporation; Scotia Capital (USA) Inc.; and SunTrust Robinson Humphrey, Inc. |
This communication is intended for the sole use of the person to whom it is provided by the issuer.
Ratings may be changed, suspended or withdrawn at any time and are not a recommendation to buy, hold or sell any security.
The issuer has filed a registration statement (including a prospectus and a preliminary prospectus supplement) with the Securities and Exchange Commission for the offering to which this communication relates. Before you invest, you should read the prospectus and the preliminary prospectus supplement in that registration statement 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 preliminary prospectus supplement if you request it by calling Citigroup Global Markets Inc., toll-free at 1-877-858-5407, Morgan Stanley & Co. Incorporated., toll-free at 1-866-718-1649, RBS Securities Inc., toll free at 1-866-884-2071, or Barclays Capital Inc., toll-free at 1-888-603-5847.