-----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, VnsnNbAkCNmyhhUtjV9yw8nij1nP9KGXvHsSNlOZZoDdtH/n9rn9+4TEMD3sRGEH +jH2oLjr5cHR0oiauGfq5w== 0000950133-09-001355.txt : 20090430 0000950133-09-001355.hdr.sgml : 20090430 20090430171837 ACCESSION NUMBER: 0000950133-09-001355 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090430 DATE AS OF CHANGE: 20090430 GROUP MEMBERS: MOORES ORCHARD LLC GROUP MEMBERS: REGENCY ORGANIZATION, INC. GROUP MEMBERS: RH BUILDERS OF INDIANA INC. GROUP MEMBERS: RH INVESTMENT OF INDIANA INC. GROUP MEMBERS: RH OF INDIANA LP GROUP MEMBERS: RH OF TEXAS LIMITED PARTNERSHIP GROUP MEMBERS: RH ORGANIZATION INC. GROUP MEMBERS: RYLAND COMMUNITIES INC. GROUP MEMBERS: RYLAND CORP GROUP MEMBERS: RYLAND GOLF COURSE AT THE COLONY GROUP MEMBERS: RYLAND HOMES INVESTMENT TEXAS INC. GROUP MEMBERS: RYLAND HOMES NEVADA LLC GROUP MEMBERS: RYLAND HOMES OF ARIZONA INC. GROUP MEMBERS: RYLAND HOMES OF CALIFORNIA INC. GROUP MEMBERS: RYLAND HOMES OF TEXAS INC. GROUP MEMBERS: RYLAND ORGANIZATION CO GROUP MEMBERS: RYLAND VENTURES II, INC. GROUP MEMBERS: RYLAND VENTURES III, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: RYLAND GROUP INC CENTRAL INDEX KEY: 0000085974 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] IRS NUMBER: 520849948 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-157170 FILM NUMBER: 09785026 BUSINESS ADDRESS: STREET 1: 24025 PARK SORRENTO STREET 2: SUITE 400 CITY: CALABASAS STATE: CA ZIP: 91302 BUSINESS PHONE: 8182237500 FORMER COMPANY: FORMER CONFORMED NAME: RYAN JAMES P CO DATE OF NAME CHANGE: 19720414 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RYLAND GROUP INC CENTRAL INDEX KEY: 0000085974 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] IRS NUMBER: 520849948 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 24025 PARK SORRENTO STREET 2: SUITE 400 CITY: CALABASAS STATE: CA ZIP: 91302 BUSINESS PHONE: 8182237500 FORMER COMPANY: FORMER CONFORMED NAME: RYAN JAMES P CO DATE OF NAME CHANGE: 19720414 FWP 1 w73820fwfwp.htm FWP fwp
Filed Pursuant to Rule 433
Registration No. 333-157170
April 30, 2009
PRICING TERM SHEET
     
Issuer:
   The Ryland Group, Inc.
Security:
   8.400% Notes due 2017
Size:
   $230,000,000
Maturity Date:
   May 15, 2017
Coupon:
   8.400%
Interest Payment Dates:
   May 15 and November 15, commencing November 15, 2009
Price to Public:
   98.006%
Spread to Benchmark Treasury:
   +562.6 basis points
Benchmark Treasury:
   2.750% due Feb 15, 2019
Benchmark Treasury Yield:
   3.124%
Underwriting Discount:
   1.375%
Make-whole call:
   At any time at a discount rate of T+50 basis points
Expected Settlement Date:
   May 5, 2009
CUSIP:
   783764 AN3
Anticipated Ratings:
   Ba3 by Moody's Investors Service, Inc. and BB- by Standard & Poor's Ratings Services
Sole Bookrunning Manager:
   Citigroup Global Markets Inc.
Co-Managers:
    
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 1-800-248-3580.

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