FWP 1 a16-21269_5fwp.htm FWP

 

Free Writing Prospectus

Filed Pursuant to Rule 433

Dated November 15, 2016

Registration Statement No. 333-202562-01

Relating to

Preliminary Prospectus Supplement Dated November 15, 2016 and

Prospectus dated March 6, 2015

 

$550,000,000 4.250% NOTES DUE 2046

 

Issuer:

 

Simon Property Group, L.P.

 

 

 

Legal Format:

 

SEC Registered

 

 

 

Ratings*:

 

A2 (Moody’s) / A (S&P)

 

 

 

Size:

 

$550,000,000

 

 

 

Maturity Date:

 

November 30, 2046

 

 

 

Coupon (Interest Rate):

 

4.250% per annum

 

 

 

Interest Payment Dates:

 

May 30 and November 30, commencing May 30, 2017

 

 

 

Benchmark Treasury:

 

2.250% due August 15, 2046

 

 

 

Benchmark Treasury Price and Yield:

 

85-17; 2.987%

 

 

 

Spread to Benchmark Treasury:

 

+130 basis points

 

 

 

Yield to Maturity:

 

4.287%

 

 

 

Initial Price to Public:

 

99.378% plus accrued interest from November 23, 2016 if settlement occurs after that date

 

 

 

Redemption Provision:

 

Make-whole call prior to May 30, 2046 based on U.S. Treasury +20 basis points or at par on or after May 30, 2046

 

 

 

Settlement Date:

 

T+6; November 23, 2016

 

 

 

CUSIP / ISIN:

 

828807 CZ8 / US828807CZ89

 

 

 

Joint Book-Running Managers:

 

Citigroup Global Markets Inc.
Goldman, Sachs & Co.
Merrill Lynch, Pierce, Fenner & Smith

Incorporated

U.S. Bancorp Investments, Inc.
Barclays Capital Inc.
BNP Paribas Securities Corp.
RBC Capital Markets, LLC
Scotia Capital (USA) Inc.
TD Securities (USA) LLC
UBS Securities LLC

 

 

 

Co-Managers:

 

BB&T Capital Markets, a division of BB&T Securities, LLC
BNY Mellon Capital Markets, LLC
Fifth Third Securities, Inc.
ING Financial Markets LLC
MUFG Securities Americas Inc.
Regions Securities LLC

 

The Issuer has concurrently priced $550,000,000 aggregate principal amount of 2.350% senior unsecured notes due 2022 and $750,000,000 aggregate principal amount of 3.250% senior unsecured notes due 2026.

 

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 Citigroup Global Markets Inc. toll-free at 1-800-831-9146, Goldman, Sachs & Co. toll-free at 1-866-471-2526, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-800-294-1322 or U.S. Bancorp Investments, Inc. toll-free at 1-877-558-2607.