Issuer Free Writing Prospectus filed pursuant to Rule 433
supplementing the Preliminary Prospectus Supplement dated
September 7, 2016 and the Prospectus dated March 7, 2014
Registration No. 333-194389
W. P. CAREY INC.
Pricing Term Sheet
$350,000,000 4.250% Senior Notes due 2026
Issuer: |
| W. P. Carey Inc. |
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Expected Ratings (Moody’s / S&P)*: |
| Baa2 / BBB |
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Security Type: |
| Senior Unsecured Notes |
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Pricing Date: |
| September 7, 2016 |
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Settlement Date: |
| September 12, 2016 (T+3) |
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Maturity Date: |
| October 1, 2026 |
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Interest Payment Dates: |
| April 1 and October 1, commencing April 1, 2017 |
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Principal Amount: |
| $350,000,000 |
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Benchmark Treasury: |
| 1.500% due August 15, 2026 |
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Benchmark Treasury Price / Yield: |
| 99-20+ / 1.539% |
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Spread to Benchmark Treasury: |
| + 275 bps |
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Yield to Maturity: |
| 4.289% |
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Coupon: |
| 4.250% |
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Public Offering Price: |
| 99.682% |
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Optional Redemption: Make-Whole Call: Par Call: |
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Prior to July 1, 2026, T+45 bps |
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Denominations: |
| $2,000 x $1,000 |
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CUSIP / ISIN: |
| 92936UAE9 / US92936UAE91 |
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Joint Book-Running Managers: |
| J.P. Morgan Securities LLC |
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Senior Co-Managers: |
| Capital One Securities, Inc. |
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Co-Managers: |
| Regions Securities LLC |
*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.
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; Barclays Capital Inc. toll-free at 1-888-603-5847; or Citigroup Global Markets Inc. toll-free at 1-800-831-9146.