-----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, U0L/NMht4oJ63rY7jJJXk6Eb9QnqbkVvwEnuJHI6dOyLFjBhyvfL/mQ09n+3tRam QQLUegxj3l7dWZVZ8X5TnQ== 0001104659-10-019902.txt : 20100415 0001104659-10-019902.hdr.sgml : 20100415 20100415165547 ACCESSION NUMBER: 0001104659-10-019902 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100415 DATE AS OF CHANGE: 20100415 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: 10752548 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 a10-8008_3fwp.htm FWP

 

Filed Pursuant to Rule 433
Registration No. 333-157170
April 15, 2010

 

PRICING TERM SHEET

 

This Pricing Term Sheet is qualified in its entirety by reference to the Preliminary Prospectus Supplement, dated April 15, 2010.  The information in this Pricing Term Sheet supplements the Preliminary Prospectus Supplement and supersedes the information in the Preliminary Prospectus Supplement to the extent it is inconsistent with the information in the Preliminary Prospectus Supplement.  Capitalized terms used in this Pricing Term Sheet but not defined have the meanings given them in the Preliminary Prospectus Supplement.

 

Issuer:

 

The Ryland Group, Inc.

Security:

 

6.625% Senior Notes due 2020

Size:

 

$300,000,000

Net Proceeds to Issuer (after underwriting discount):

 

$296,562,000

Maturity Date:

 

May 1, 2020

Coupon:

 

6.625%

Interest Payment Dates:

 

May 1 and November 1, commencing November 1, 2010

Price to Public:

 

100%

Yield to Maturity:

 

6.625%

Spread to Benchmark Treasury:

 

+279 basis points

Benchmark Treasury:

 

UST 3.625% due February 15, 2020

Make-whole Call:

 

At any time at a discount rate of T+50 basis points

Trade Date:

 

April 15, 2010

Settlement Date:

 

T+10; April 29, 2010

CUSIP/ISIN:

 

783764AP8/US783764AP81

Denominations:

 

2,000 x 1,000

Ratings:

 

Ba3/BB-

Sole Bookrunning Manager:

 

J.P. Morgan Securities Inc.

Co-Manager:

 

Banc of America Securities LLC

 

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. collect at 1-212-834-4533.

 

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