Filed Pursuant to Rule 433
Dated November 10, 2014
Registration Statement No. 333-181236
Relating to
Preliminary Prospectus Supplement Dated November 10, 2014 to
Prospectus dated May 8, 2012
Federal Realty Investment Trust
4.50% Notes due 2044
Term sheet dated November 10, 2014
| Issuer: |
Federal Realty Investment Trust |
| Security: |
4.50% Notes due 2044 |
| Expected Ratings*: |
A3/A-/A- |
(Moody’s / S&P / Fitch)
| Aggregate Principal Amount: |
$250,000,000 |
| Trade Date: |
November 10, 2014 |
| Settlement Date: |
November 14, 2014 (T+3) |
| Maturity Date: |
December 1, 2044 |
| Interest Payment Dates: |
June 1 and December 1, beginning on June 1, 2015 |
| Benchmark Treasury: |
3.375% due May 15, 2044 |
| Benchmark Treasury Price/Yield: |
105-16 / 3.09% |
| Spread to Benchmark Treasury: |
+148 basis points |
| Yield to Maturity: |
4.57% |
| Coupon (Interest Rate): |
4.50% per year |
| Price to Public: |
98.86% of principal amount, plus accrued interest, if any, from November 14, 2014 |
| Redemption Provision: |
At any time before June 1, 2044, make-whole call based on U.S. Treasury plus 25 basis points (0.25%); if redeemed on or after June 1, 2044, 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 AV9 / US 313747AV99 |
| Joint Book-Running Managers: |
Wells Fargo Securities, LLC |
Deutsche Bank Securities Inc.
Merrill Lynch, Pierce, Fenner & Smith
Incorporated
| Co-Managers: |
Regions Securities LLC |
SunTrust Robinson Humphrey, Inc.
PNC Capital Markets LLC
Capital One Securities, 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.
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 prospectus if you request it from (i) Wells Fargo Securities, LLC toll free at 1-800-645-3751, (ii) Deutsche Bank Securities Inc. toll free at 1-800-503-4611, or (iii) Merrill Lynch, Pierce, Fenner & Smith Incorporated toll free at 1-800-294-1322.
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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