-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Wb8cFraD+mNBvNykCuaOBc1cNxYrhKkA3d1A1n3tW5BeBYlxBDW7pi4NiP6XlM4/ ewy93BoTE+0NkAYXkS3Xig== 0000950123-09-024847.txt : 20090723 0000950123-09-024847.hdr.sgml : 20090723 20090723170649 ACCESSION NUMBER: 0000950123-09-024847 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090723 DATE AS OF CHANGE: 20090723 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: KB HOME CENTRAL INDEX KEY: 0000795266 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] IRS NUMBER: 953666267 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-154432 FILM NUMBER: 09959929 BUSINESS ADDRESS: STREET 1: 10990 WILSHIRE BLVD CITY: LOS ANGELES STATE: CA ZIP: 90024 BUSINESS PHONE: 3102314000 MAIL ADDRESS: STREET 1: 10990 WILSHIRE BLVD CITY: LOS ANGELES STATE: CA ZIP: 90024 FORMER COMPANY: FORMER CONFORMED NAME: KAUFMAN & BROAD HOME CORP DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KB HOME CENTRAL INDEX KEY: 0000795266 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] IRS NUMBER: 953666267 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 10990 WILSHIRE BLVD CITY: LOS ANGELES STATE: CA ZIP: 90024 BUSINESS PHONE: 3102314000 MAIL ADDRESS: STREET 1: 10990 WILSHIRE BLVD CITY: LOS ANGELES STATE: CA ZIP: 90024 FORMER COMPANY: FORMER CONFORMED NAME: KAUFMAN & BROAD HOME CORP DATE OF NAME CHANGE: 19920703 FWP 1 v53104fwfwp.htm FWP fwp
Filed Pursuant to Rule 433
Registration No. 333-154432
July 23, 2009
PRICING TERM SHEET
9.100% Senior Notes due 2017
     
Issuer:
  KB Home
 
    
Security:
   9.100% Senior Notes due 2017
 
    
Size:
   $265,000,000
 
    
Maturity Date:
  September 15, 2017
 
    
Coupon:
   9.100%
 
    
Interest Payment Dates:
  September 15 and March 15, commencing March 15, 2010
 
    
Price to Public:
  Variable Price Re-offer
 
    
Benchmark Treasury:
  3.125% due May 15, 2019
 
    
Benchmark Treasury Yield:
  3.695%
 
    
Spread to Benchmark Treasury:
  +575.5 basis points
 
    
Net Price to KB Home:
  96.639%
 
    
Net Proceeds to KB Home:
  $256,093,350
 
    
Make-whole call:
  At any time at a discount rate of T+50 basis points
 
    
Change of Control Offer:
  101% of principal amount plus accrued interest
 
    
Expected Settlement Date:
  July 30, 2009 (T+5)
 
    
CUSIP:
  48666K AP4
 
    
Anticipated Ratings:
  B1 by Moody’s Investors Service, Inc., BB- by Standard & Poor’s Ratings Services and BB- by Fitch Ratings, each with a negative outlook
 
    
Sole Bookrunning Manager:
  Citigroup Global Markets Inc.

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Co-Managers:
  Barclays Capital Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc.
Note: 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 SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering.
You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Citigroup Global Markets Inc. toll-free at 1-877-858-5407.

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