-----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, Q1i+Q5io25crEiLnExluhtwj7lOngw6ciuqn7j7aX4iBF6eiIhqqnuI0m0Ma6/vw caIoJfiJRrED9ftNnWujVw== 0000950134-06-004944.txt : 20060314 0000950134-06-004944.hdr.sgml : 20060314 20060314060139 ACCESSION NUMBER: 0000950134-06-004944 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060314 DATE AS OF CHANGE: 20060314 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ARCHSTONE SMITH OPERATING TRUST CENTRAL INDEX KEY: 0000080737 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 746056896 STATE OF INCORPORATION: MD FISCAL YEAR END: 0605 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-124163 FILM NUMBER: 06683492 BUSINESS ADDRESS: STREET 1: 9200 E PANORAMA CIRCLE STREET 2: STE 400 CITY: ENGLEWOOD STATE: CO ZIP: 80112 BUSINESS PHONE: 3037085959 MAIL ADDRESS: STREET 1: 9200 E PANORAMA CIRCLE CITY: ENGLEWOOD STATE: CO ZIP: 80012 FORMER COMPANY: FORMER CONFORMED NAME: ARCHSTONE COMMUNITIES TRUST/ DATE OF NAME CHANGE: 19980707 FORMER COMPANY: FORMER CONFORMED NAME: SECURITY CAPITAL PACIFIC TRUST DATE OF NAME CHANGE: 19950417 FORMER COMPANY: FORMER CONFORMED NAME: PROPERTY TRUST OF AMERICA DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ARCHSTONE SMITH OPERATING TRUST CENTRAL INDEX KEY: 0000080737 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 746056896 STATE OF INCORPORATION: MD FISCAL YEAR END: 0605 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 9200 E PANORAMA CIRCLE STREET 2: STE 400 CITY: ENGLEWOOD STATE: CO ZIP: 80112 BUSINESS PHONE: 3037085959 MAIL ADDRESS: STREET 1: 9200 E PANORAMA CIRCLE CITY: ENGLEWOOD STATE: CO ZIP: 80012 FORMER COMPANY: FORMER CONFORMED NAME: ARCHSTONE COMMUNITIES TRUST/ DATE OF NAME CHANGE: 19980707 FORMER COMPANY: FORMER CONFORMED NAME: SECURITY CAPITAL PACIFIC TRUST DATE OF NAME CHANGE: 19950417 FORMER COMPANY: FORMER CONFORMED NAME: PROPERTY TRUST OF AMERICA DATE OF NAME CHANGE: 19920703 FWP 1 d34021fwp.htm FREE-WRITING PROSPECTUS fwp
 

Filed Pursuant to Rule 433
Dated March 13, 2006
Registration Statement
No. 333-124163
ARCHSTONE-SMITH OPERATING TRUST
$300,000,000
5.750% NOTES DUE 2016
FINAL PRICING TERMS
             
ISSUER:  
Archstone-Smith Operating Trust
        
   
 
        
RATINGS:  
Baa1(stable outlook)/BBB+(stable outlook)/A-(stable outlook)
        
   
 
        
OFFERING FORMAT:   SEC Registered
   
 
        
    5.750% Notes due 2016
PAR AMOUNT:  
$300,000,000
        
   
 
        
TRADE DATE:  
March 13, 2006
        
   
 
        
SETTLEMENT DATE:  
March 16, 2006
        
   
 
        
INTEREST ACCRUAL:  
March 16, 2006
        
   
 
        
MATURITY:  
March 15, 2016
        
   
 
        
BENCHMARK TREASURY:  
4.500% due 02/16
        
   
 
        
TREASURY YIELD:  
4.769%
        
   
 
        
RE-OFFER SPREAD:  
+103 bps
        
   
 
        
YIELD TO MATURITY:  
5.799%
        
   
 
        
COUPON:   5.750%
   
 
        
PUBLIC OFFERING PRICE (%):  
99.632%
        
   
 
        
GROSS PROCEEDS ($):  
$298,896,000
        
   
 
        
GROSS SPREAD (%):  
0.650%
        
   
 
        
GROSS SPREAD ($):  
$1,950,000
        
   
 
        
PURCHASE PRICE (%):  
98.982%
        
   
 
        
NET PROCEEDS:   $296,946,000
   
 
        
INTEREST PAYMENT DATES:   March 15, September 15
   
 
        
FIRST COUPON:  
September 15, 2006
        
   
 
        
DAY COUNT:  
30/360
        
   
 
        
OPTIONAL REDEMPTION:   Make-Whole Call @ T +20 bps
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 J.P. Morgan Securities Inc. at (212) 834-4533 (collect) or by calling Morgan Stanley & Co. Incorporated at (866) 718-1649 (toll free).

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