Filed Pursuant to Rule 433
Registration StatementNo. 333-217996
Final Term Sheet dated June 6, 2019
Relating to Preliminary Prospectus Supplement dated June 6, 2019
to Prospectus dated May 15, 2017
$600,000,000 3.150% NOTESDUE 2029
Issuer: | Camden Property Trust | |
Expected Ratings (Moody’s / S&P / Fitch)*: | A3 (Stable) /A- (Stable) /A- (Stable) | |
Type: | SEC Registered | |
Principal Amount: | $600,000,000 | |
Trade Date: | June 6, 2019 | |
Settlement Date: | T+7; June 17, 2019; under Rule15c6-1 under the Securities Exchange Act of 1934, trades in the secondary market generally are required to settle in two business days, unless the parties to that trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes before the second business day prior to the Settlement Date will be required, by virtue of the fact that the Notes initially will settle on a delayed basis, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement, and should consult their own advisors with respect to these matters | |
Maturity Date: | July 1, 2029 | |
Interest Payment Dates: | January 1 and July 1, commencing on January 1, 2020 | |
Benchmark Treasury: | 2.375% due May 15, 2029 | |
Benchmark Treasury Price / Yield: | 102-12 / 2.109% | |
Spread to Benchmark Treasury: | 1.070% (107 basis points) | |
Yield to Maturity: | 3.179% | |
Coupon (Interest Rate): | 3.150% | |
Price to Public: | 99.751% of the principal amount | |
Day Count Convention: | 30 / 360 | |
Redemption Provision: | Make-whole call based on U.S. Treasury + 0.200% (+20 basis points); if, however, the Notes are redeemed on or after April 1, 2029, the redemption price will equal 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest on the amount being redeemed to the redemption date | |
| CUSIP / ISIN: | 133131 AX0 / US133131AX02 | |
| Joint Book-Running Managers: | BofA Securities, Inc. Deutsche Bank Securities Inc. J.P. Morgan Securities LLC SunTrust Robinson Humphrey, Inc. U.S. Bancorp Investments, Inc. | |
| SeniorCo-Managers: | PNC Capital Markets LLC Wells Fargo Securities, LLC | |
| Co-Managers: | BB&T Capital Markets, a division of BB&T Securities, LLC Regions Securities LLC Scotia Capital (USA) Inc. TD Securities (USA) LLC | |
| * | Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. |
No PRIIPs KID:No PRIIPs key information document (KID) has been prepared as not available to retail in the European Economic Area.
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 atwww.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, BofA Securities, Inc. toll-free at1-800-294-1322, Deutsche Bank Securities Inc. toll-free at1-800-503-4611, J.P. Morgan Securities LLC collect at1-212-834-4533, SunTrust Robinson Humphrey, Inc. toll-free at1-800-685-4786, or U.S. Bancorp Investments, Inc. toll-free at1-877-558-2607.
