Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
October 05 2021 - 03:16PM
Edgar (US Regulatory)
Issuer Free Writing Prospectus filed pursuant to
Rule 433
supplementing the Preliminary Prospectus Supplement dated
October 5, 2021 and the Prospectus dated August 9, 2019
Registration No. 333-233159
W. P. CAREY INC.
Pricing Term Sheet
$350,000,000
2.450% Senior Notes due 2032
Issuer:
|
W. P. Carey Inc.
|
Expected Ratings (Moody’s / S&P)*:
|
Baa2 / BBB
|
Security Type:
|
Senior Unsecured Notes
|
Pricing Date:
|
October 5, 2021
|
Settlement Date:
|
October 15, 2021 (T+7); Under Rule 15c6-1 under the Securities Exchange Act, as amended, trades in the secondary market generally are required to settle in two business days unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the notes prior to the second business day preceding the closing date will be required, by virtue of the fact that the notes initially will settle in T+7, to specify an alternative settlement cycle at the time of any such trade to prevent failed settlement.
|
Maturity Date:
|
February 1, 2032
|
Interest Payment Dates:
|
February 1 and August 1, commencing February 1, 2022 (short first coupon)
|
Principal Amount:
|
$350,000,000
|
Benchmark Treasury:
|
UST 1.250% due August 15, 2031
|
Benchmark Treasury Price / Yield:
|
97-15+ / 1.526%
|
Spread to Benchmark Treasury:
|
+103 bps
|
Yield to Maturity:
|
2.556%
|
Coupon:
|
2.450% per year
|
Public Offering Price:
|
99.048% of the principal amount
|
Optional Redemption:
Make-Whole Call:
Par Call:
|
Prior to November 1, 2031, T + 20 bps
On or after November 1, 2031
|
Denominations:
|
$2,000 x $1,000
|
CUSIP / ISIN:
|
92936U AJ8 / US92936UAJ88
|
Joint Book-Running Managers:
|
J.P. Morgan Securities LLC
RBC Capital Markets, LLC
U.S. Bancorp Investments, Inc.
Wells Fargo Securities, LLC
|
Co-Managers:
|
BNY Mellon Capital Markets, LLC
Regions Securities LLC
Stifel, Nicolaus & Company, Incorporated
|
*Note: A securities rating is not a recommendation to buy, sell or
hold securities. Ratings may be subject to revision or withdrawal at any time. Each securities rating should be evaluated independently
of any other security rating.
No
PRIIPs KID – No PRIIPs key information document (KID) has been prepared as the notes are not available to retail investors
in the EEA.
No
UK PRIIPs KID – No PRIIPs key information document (KID) has been prepared as the notes are not available to retail investors
in the UK.
The issuer has filed a registration statement (including a
prospectus) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates.
Before you invest, you should read the prospectus in that registration statement and other documents that the issuer has filed with
the SEC, including the prospectus supplement relating to the notes, for more complete information about the issuer and this
offering. You may get these documents for free by visiting 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 and the prospectus supplement
relating to the notes if you request it by contacting J.P. Morgan Securities LLC collect at 1-212-834-4533, RBC Capital Markets, LLC
toll-free at 1-866-375-6829, U.S. Bancorp Investments, Inc. toll-free at 1-877-558-2607 or Wells Fargo Securities, LLC
toll-free at 1-800-645-3751.
WP Carey (NYSE:WPC)
Historical Stock Chart
From Feb 2024 to Mar 2024
WP Carey (NYSE:WPC)
Historical Stock Chart
From Mar 2023 to Mar 2024