-----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, GYCuMluyimPO4h5G1tmpzXNZ+6BqKO23BtDnxRQwon4OhffFL4obdSwlghWsHN5U 168dsWCoowbFt0SxkIT4VQ== 0000950123-11-021228.txt : 20110302 0000950123-11-021228.hdr.sgml : 20110302 20110302154308 ACCESSION NUMBER: 0000950123-11-021228 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110302 DATE AS OF CHANGE: 20110302 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DEVELOPERS DIVERSIFIED REALTY CORP CENTRAL INDEX KEY: 0000894315 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 341723097 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-162451 FILM NUMBER: 11656142 BUSINESS ADDRESS: STREET 1: 3300 ENTERPRISE PARKWAY CITY: BEACHWOOD STATE: OH ZIP: 44122 BUSINESS PHONE: 2167555500 MAIL ADDRESS: STREET 1: 3300 ENTERPRISE PARKWAY CITY: BEACHWOOD STATE: OH ZIP: 44122 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DEVELOPERS DIVERSIFIED REALTY CORP CENTRAL INDEX KEY: 0000894315 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 341723097 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 3300 ENTERPRISE PARKWAY CITY: BEACHWOOD STATE: OH ZIP: 44122 BUSINESS PHONE: 2167555500 MAIL ADDRESS: STREET 1: 3300 ENTERPRISE PARKWAY CITY: BEACHWOOD STATE: OH ZIP: 44122 FWP 1 l41993afwp.htm FWP fwp
Filed Pursuant to Rule 433
Dated March 2, 2011
Registration Statement No. 333-162451
Relating to
Preliminary Prospectus Supplement Dated March 2, 2011 to
Prospectus dated October 13, 2009
Developers Diversified Realty Corporation

4.75% Notes due 2018

Term sheet dated March 2, 2011
 
         
Issuer:
  Developers Diversified Realty Corporation
 
        
Security:
  4.75% notes due April 15, 2018
 
        
Size:
  $300,000,000 aggregate principal amount
 
        
Maturity Date:
  April 15, 2018
 
        
Interest Payment Dates:
  April 15 and October 15, beginning October 15, 2011
 
        
Benchmark Treasury:
  2.75% due February 28, 2018
 
        
Benchmark Treasury Yield and Price:
  2.814%; 99-19    
 
        
Yield to Maturity:
  4.864%  
 
        
Spread to Benchmark Treasury:
  T+205 basis points
 
        
Coupon (Interest Rate):
  4.75% per year
 
        
Price to Public:
  99.315% of principal amount, plus accrued interest, if any, from the Settlement Date
 
        
Trade Date:
  March 2, 2011
 
        
Settlement Date:
  T+3; March 7, 2011
 
        
Redemption Provision:
  Make whole call at any time based on U.S. Treasury plus 30 basis points (0.30%)
 
        
CUSIP/ISIN:
  251591 AY9 / US251591AY95
 
        
Expected Ratings (Moody’s/S&P/Fitch):
  Baa3 (negative)/BB+ (stable)/BB (stable)
 
        
Joint Book-Running Managers:
  Merrill Lynch, Pierce, Fenner & Smith
                      Incorporated
J.P. Morgan Securities LLC
RBC Capital Markets, LLC
 
        
Senior Co-Managers:
  PNC Capital Markets LLC
Scotia Capital (USA) Inc.
U.S. Bancorp Investments, Inc.
Wells Fargo Securities, LLC

 

         
Co-Managers:
  BNY Mellon Capital Markets, LLC
Daiwa Capital Markets America Inc.
ING Financial Markets LLC
KeyBanc Capital Markets Inc.
Morgan Keegan & Company, Inc.
RBS Securities Inc.
The Williams Capital Group, L.P.
Ratings may be changed, suspended or withdrawn at any time and are not a recommendation to buy, hold or sell any security.
The issuer has filed a registration statement (including a preliminary prospectus supplement and a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the preliminary prospectus supplement and 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’s Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the preliminary prospectus supplement and the prospectus if you request it by calling Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-800-294-1322, J.P. Morgan Securities LLC collect at 1-212-834-4533 or RBC Capital Markets, LLC at 1-866-375-6829.

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