Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
13 January 2015 - 8:52AM
Edgar (US Regulatory)
Filed Pursuant to Rule 433
Dated January 12, 2015
Registration Statement No. 333-184221
Relating to
Preliminary Prospectus
Supplement Dated January 12, 2015 to
Prospectus dated October 1, 2012
DDR Corp.
Term sheet
dated January 12, 2015
$500,000,000 3.625% Notes due 2025
Security: |
3.625% Notes due 2025 |
Size: |
$500,000,000 aggregate principal amount |
Maturity Date: |
February 1, 2025 |
Interest Payment Dates: |
February 1 and August 1, beginning August 1, 2015 |
Record Dates: |
Fifteen calendar days prior to an interest payment date |
Benchmark Treasury: |
2.250% due November 15, 2024 |
Benchmark Treasury Yield and Price: |
1.914%; 103-00 |
Yield to Maturity: |
3.714% |
Spread to Benchmark Treasury: |
T+180 basis points |
Coupon (Interest Rate): |
3.625% per year |
Price to Public: |
99.260% of principal amount, plus accrued interest, if any, from January 22, 2015 |
Trade Date: |
January 12, 2015 |
Settlement Date: |
T+7; January 22, 2015 |
Redemption Provision: |
Make whole call based on U.S. Treasury plus 30 basis points (0.30%); provided, that if redeemed on or after November 1, 2024, redeemed at par |
CUSIP/ISIN: |
23317H AD4/US23317HAD44 |
Expected Ratings (Moodys/S&P/Fitch): |
Baa2/BBB-/BBB- (Stable / Stable / Stable) |
Joint Book-Running Managers: |
Deutsche Bank Securities Inc. |
|
Wells Fargo Securities, LLC |
|
BNY Mellon Capital Markets, LLC |
Senior Co-Managers: |
Capital One Securities, Inc. |
|
Scotia Capital (USA) Inc. |
Co-Managers: |
Evercore Group L.L.C. |
|
FTN Financial Securities Corp. |
|
The Huntington Investment Company |
|
Sandler ONeill + Partners, L.P. |
|
SMBC Nikko Securities America, Inc. |
Ratings may be changed, suspended or withdrawn at any time and are not a recommendation to buy,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 SECs 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 Deutsche Bank Securities Inc. toll-free at 1-800-503-4611, Jefferies LLC at 1-201-761-7610, or Wells Fargo Securities, LLC toll-free at
1-800-645-3751.
Notice to Prospective Investors in the United Kingdom
In the United Kingdom, this document is being distributed only to, and is directed only at, and any offer subsequently made may only be directed at persons who
are qualified investors (as defined in the Prospectus Directive) (i) who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (the Order) and/or (ii) who are high net worth companies (or persons to whom it may otherwise be lawfully communicated) falling within Article 49(2)(a) to (d) of the Order (all such persons
together being referred to as relevant persons). This document must not be acted on or relied on in the United Kingdom by persons who are not relevant persons. In the United Kingdom, any investment or investment activity to which this
document relates is only available to, and will be engaged in with, relevant persons. For purposes of the foregoing, the expression Prospectus Directive means Directive 2003/71/EC (and amendments thereto, including the 2010 PD Amending
Directive), and includes any relevant implementing measure in the United Kingdom; and the expression 2010 PD Amending Directive means Directive 2010/73/EU.
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