- Free Writing Prospectus - Filing under Securities Act Rules 163/433 (FWP)
March 16 2010 - 3:23PM
Edgar (US Regulatory)
Filed Pursuant to Rule 433
Dated March 16, 2010
Registration Statement No. 333-162451
Relating to
Preliminary Prospectus Supplement Dated March 16, 2010 to
Prospectus dated October 13, 2009
Developers Diversified Realty Corporation
7.50% Notes due 2017
Term sheet dated March 16, 2010
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Issuer:
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Developers Diversified Realty Corporation
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Security:
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7.50% notes due April 1, 2017
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Size:
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$300,000,000
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Maturity Date:
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April 1, 2017
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Interest Payment Dates:
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April 1 and October 1, beginning October 1, 2010
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Benchmark Treasury:
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3.00% February 2017
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Benchmark Treasury Yield and Price:
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3.126%; 99-7
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Yield to Maturity:
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7.50%
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Spread to Benchmark Treasury:
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T+437.4 bps
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Coupon (Interest Rate):
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7.50% per year
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Price to Public:
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99.995% of principal amount, plus accrued interest, if any, from the Settlement Date
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Trade Date:
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March 16, 2010
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Settlement Date:
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T+3; March 19, 2010
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Aggregate Price to Public:
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$299,985,000
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Redemption Provision:
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Make whole call at any time based on U.S. Treasury plus 50 basis points (0.50%)
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CUSIP/ISIN:
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251591AU7/US251591AU73
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Expected Ratings (Moody’s/S&P):
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Baa3 (negative)/ BB (negative)
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Joint Book-Running Managers:
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Banc of America Securities LLC
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Deutsche Bank Securities Inc.
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UBS Securities LLC
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Senior Co-Managers:
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Citigroup Global Markets Inc.
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Goldman, Sachs & Co.
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J.P. Morgan Securities Inc.
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KeyBanc Capital Markets Inc.
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Morgan Stanley & Co. Incorporated
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U.S. Bancorp Investments, Inc.
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Wells Fargo Securities, LLC
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Co-Managers:
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BNY Mellon Capital Markets, LLC
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Daiwa Securities America Inc.
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ING Financial Markets LLC
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Morgan Keegan & Company, Inc.
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PNC Capital Markets LLC
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RBS Securities Inc.
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Scotia Capital (USA) Inc.
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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 Banc of America Securities LLC toll-free at 1-800-294-1322, Deutsche Bank
Securities Inc. toll-free at 1-800-503-4611 or UBS Securities LLC toll-free at 1-877-827-6444, ext.
561-3884
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