Filed Pursuant to Rule 433
Dated July 16, 2012
Registration Statement No. 333-181236
Relating to
Preliminary Prospectus Supplement Dated July 16, 2012 to
Prospectus dated May 8, 2012
Federal Realty Investment Trust
3.00% Notes due 2022
Term sheet dated July 16, 2012
| Issuer: |
Federal Realty Investment Trust | |
| Security: |
3.00% Notes due 2022 | |
| Expected Ratings*: (Moody’s / S&P / Fitch) |
Baa1/BBB+/A- | |
| Aggregate Principal Amount: |
$250,000,000 | |
| Trade Date: |
July 16, 2012 | |
| Settlement Date: |
July 19, 2012 (T+3) | |
| Maturity Date: |
August 1, 2022 | |
| Interest Payment Dates: |
February 1 and August 1, beginning on February 1, 2013 | |
| Benchmark Treasury: |
1.75% UST due May 15, 2022 | |
| Benchmark Treasury Price/Yield: |
102-24+/1.447% | |
| Spread to Benchmark Treasury: |
+170 basis points | |
| Yield to Maturity: |
3.147% | |
| Coupon (Interest Rate): |
3.00% per year | |
| Price to Public: |
98.743% of principal amount, plus accrued interest, if any, from the Settlement Date | |
| Redemption Provision: |
At any time before 90 days prior to the maturity date, make-whole call based on U.S. Treasury plus 25 basis points (0.25%); if redeemed on or after 90 days prior to the maturity date, at 100% of the principal amount of the notes being redeemed, in each case plus accrued and unpaid interest thereon to, but excluding, the redemption date | |
| CUSIP/ISIN: |
313747 AS6/US313747AS60 | |
| Joint Book-Running Managers: |
Wells Fargo Securities, LLC Citigroup Global Markets Inc. RBC Capital Markets, LLC | |
| Co-Managers: |
PNC Capital Markets LLC Capital One Southcoast, Inc. Deutsche Bank Securities Inc. Raymond James & Associates, Inc. SunTrust Robinson Humphrey, Inc. TD Securities (USA) LLC U.S. Bancorp Investments, Inc. | |
*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.
The issuer has filed a registration statement (including a preliminary prospectus supplement and a prospectus) with the Securities and Exchange Commission (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 SEC’s 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 supplement and the prospectus, when available, if you request it by calling Wells Fargo Securities, LLC toll-free at 1-800-326-5897, Citigroup Global Markets Inc. toll-free at 1-800-831-9146 or RBC Capital Markets, LLC toll-free at 1-866-375-6829.
Any disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such disclaimers or other notices were automatically generated as a result of this communication being sent via Bloomberg or another email system.
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