Filed Pursuant to Rule 433
Registration Statement No. 333-218460-01
Relating to Preliminary Prospectus Supplement dated June 12, 2019 and
Prospectus dated June 2, 2017
Boston Properties Limited Partnership
$850,000,000 3.400% Senior Notes due June 21, 2029
| Issuer: | Boston Properties Limited Partnership | |
| Type: | SEC Registered | |
| Size: | $850,000,000 | |
| Maturity: | June 21, 2029 | |
| Coupon (Interest Rate): | 3.400% | |
| Benchmark Treasury: | 2.375% due May 15, 2029 | |
| Benchmark Treasury Price / Yield: | 102-08 / 2.122% | |
| Spread to Benchmark Treasury: | 1.30% (T + 130 basis points) | |
| Yield to Maturity: | 3.422% | |
| Expected Ratings* (Moody’s / Standard & Poor’s / Fitch Ratings): |
Baa1 / A- / BBB+ | |
| Interest Payment Dates: | June 21 and December 21, commencing December 21, 2019 | |
| Day Count Convention: | 30 / 360 | |
| Redemption Provision: | Make-whole call at any time before three months prior to June 21, 2029 based on U.S. Treasury plus 20 basis points, or at par thereafter | |
| Initial Price to Public: | 99.815% | |
| Settlement Date: | T+7; June 21, 2019 | |
| Denominations: | $1,000 × $1,000 | |
| CUSIP / ISIN: | 10112R BB9/US10112RBB96 | |
| Joint Book-Running Managers: | BofA Securities, Inc. Jefferies LLC J.P. Morgan Securities LLC Morgan Stanley & Co. LLC Citigroup Global Markets Inc. BNY Mellon Capital Markets, LLC Wells Fargo Securities, LLC U.S. Bancorp Investments, Inc. Scotia Capital (USA) Inc. SunTrust Robinson Humphrey, Inc. TD Securities (USA) LLC | |
| Co-Managers: | Deutsche Bank Securities Inc. BB&T Capital Markets, a division of BB&T Securities, LLC Fifth Third Securities, Inc. Mizuho Securities USA LLC | |
| * | Ratings may be changed, suspended or withdrawn at any time and are not a recommendation to buy, hold or sell any security. |
The issuer has filed a registration statement (including a prospectus and a preliminary prospectus supplement) with the Securities and Exchange Commission for the offering to which this communication relates. Before you invest, you should read the prospectus and the preliminary prospectus supplement in that registration statement and other documents the issuer has filed with the Securities and Exchange Commission for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the Securities and Exchange Commission’s website at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and preliminary prospectus supplement if you request it by calling BofA Securities, Inc. toll-free at 1-800-294-1322, Jefferies LLC toll-free at 1-877-877-0696, J.P. Morgan Securities LLC collect at 1-212-834-4533 or Morgan Stanley & Co. LLC toll-free at 1-866-718-1649.
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