Filed Pursuant to Rule 433
Registration No. 333-176616
September 19, 2013
PRICING TERM SHEET
3.700% Medium-Term Notes due 2020
Issuer: | UDR, Inc. | |
Security: | 3.700% Medium-Term Notes due 2020 | |
Guarantee: | Fully and unconditionally guaranteed by United Dominion Realty, L.P. | |
Size: | $300,000,000 | |
Maturity Date: | October 1, 2020 | |
Coupon: | 3.700% | |
Interest Payment Dates: | April 1 and October 1, commencing April 1, 2014 | |
Price to Public: | 99.981% plus accrued interest from September 26, 2013 | |
Denominations: | $1,000 and integral multiples of $1,000 | |
Benchmark Treasury: | 2.125% due August 31, 2020 | |
Benchmark Treasury Price/Yield: | 100-04+ / 2.103% | |
Spread to Benchmark Treasury: | + 160 bps | |
Yield: | 3.703% | |
Make-Whole Call: | T+25 bps | |
Trade Date: | September 19, 2013 | |
Settlement Date: | September 26, 2013 | |
CUSIP: | 90265EAH3 | |
Joint Bookrunning Managers: | J.P. Morgan Securities LLC Morgan Stanley & Co. LLC | |
Co-Managers: | Credit Suisse Securities (USA) LLC Mitsubishi UFJ Securities (USA), Inc. U.S. Bancorp Investments, Inc. | |
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read 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 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 if you request it by calling J.P. Morgan Securities LLC collect at 212-834-4533 or by calling Morgan Stanley & Co. LLC at 1-866-718-1649.
