<SEC-DOCUMENT>0001104659-26-078919.txt : 20260629
<SEC-HEADER>0001104659-26-078919.hdr.sgml : 20260629
<ACCEPTANCE-DATETIME>20260629170715
ACCESSION NUMBER:		0001104659-26-078919
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20260629
DATE AS OF CHANGE:		20260629

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			W. P. Carey Inc.
		CENTRAL INDEX KEY:			0001025378
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		EIN:				133912578
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-286885
		FILM NUMBER:		261136803

	BUSINESS ADDRESS:	
		STREET 1:		ONE MANHATTAN WEST, 395 9TH AVENUE
		STREET 2:		58TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10001
		BUSINESS PHONE:		2124921100

	MAIL ADDRESS:	
		STREET 1:		ONE MANHATTAN WEST, 395 9TH AVENUE
		STREET 2:		58TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10001

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	W P CAREY & CO LLC
		DATE OF NAME CHANGE:	20110722

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CAREY W P & CO LLC
		DATE OF NAME CHANGE:	20001116

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CAREY DIVERSIFIED LLC
		DATE OF NAME CHANGE:	19971017

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			W. P. Carey Inc.
		CENTRAL INDEX KEY:			0001025378
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		EIN:				133912578
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		ONE MANHATTAN WEST, 395 9TH AVENUE
		STREET 2:		58TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10001
		BUSINESS PHONE:		2124921100

	MAIL ADDRESS:	
		STREET 1:		ONE MANHATTAN WEST, 395 9TH AVENUE
		STREET 2:		58TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10001

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	W P CAREY & CO LLC
		DATE OF NAME CHANGE:	20110722

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CAREY W P & CO LLC
		DATE OF NAME CHANGE:	20001116

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CAREY DIVERSIFIED LLC
		DATE OF NAME CHANGE:	19971017
</SEC-HEADER>
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<TYPE>FWP
<SEQUENCE>1
<FILENAME>tm2617411d4_fwp.htm
<DESCRIPTION>FWP
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Issuer Free Writing Prospectus filed pursuant to
Rule&nbsp;433<BR>
supplementing the Preliminary Prospectus Supplement dated<BR>
June 29, 2026 and the Prospectus dated May 1, 2025<BR>
Registration No.&nbsp;333-286885</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>W. P. CAREY INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pricing Term Sheet</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>$350,000,000 <FONT STYLE="text-transform: uppercase">5.200%</FONT>
Senior Notes due 2036</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-right: 5pt; padding-bottom: 8pt; vertical-align: top"><FONT STYLE="font-size: 10pt">Issuer:</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">W. P. Carey Inc.</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5pt; padding-bottom: 8pt; vertical-align: top"><FONT STYLE="font-size: 10pt">Expected Ratings (Moody&#8217;s / S&amp;P)*: </FONT></TD>
    <TD STYLE="padding-bottom: 8pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">Baa1 / BBB+</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5pt; padding-bottom: 8pt; vertical-align: top"><FONT STYLE="font-size: 10pt">Security Type:</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">Senior Unsecured Notes</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5pt; padding-bottom: 8pt; vertical-align: top"><FONT STYLE="font-size: 10pt">Pricing Date:</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">June 29, 2026</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5pt; padding-bottom: 8pt; vertical-align: top"><FONT STYLE="font-size: 10pt">Settlement Date:</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">July 2, 2026 (T+3); Under Rule&nbsp;15c6-1
    under the Securities Exchange Act, as amended, trades in the secondary market generally are required to settle in one business day
    unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the notes prior to the
    first business day preceding the closing date will be required, by virtue of the fact that the notes initially will settle in T+3,
    to specify an alternative settlement cycle at the time of any such trade to prevent failed settlement.</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5pt; padding-bottom: 8pt; vertical-align: top"><FONT STYLE="font-size: 10pt">Stated Maturity Date:</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">September 15, 2036</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5pt; padding-bottom: 8pt; vertical-align: top"><FONT STYLE="font-size: 10pt">Interest Payment Dates:</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">March 15 and September 15, commencing March 15, 2027</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5pt; padding-bottom: 8pt; vertical-align: top"><FONT STYLE="font-size: 10pt">Principal Amount:</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">$350,000,000</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5pt; padding-bottom: 8pt; vertical-align: top"><FONT STYLE="font-size: 10pt">Benchmark Treasury:</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">UST 4.375% due May 15, 2036</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5pt; padding-bottom: 8pt; vertical-align: top"><FONT STYLE="font-size: 10pt">Benchmark Treasury Price / Yield:</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">100-00 / 4.374%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5pt; padding-bottom: 8pt; vertical-align: top"><FONT STYLE="font-size: 10pt">Spread to Benchmark Treasury:</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">+95 bps </FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5pt; padding-bottom: 8pt; vertical-align: top"><FONT STYLE="font-size: 10pt">Yield to Maturity:</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">5.324%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5pt; padding-bottom: 8pt; vertical-align: top"><FONT STYLE="font-size: 10pt">Coupon:</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">5.200% per year</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 5pt; padding-bottom: 8pt; vertical-align: top"><FONT STYLE="font-size: 10pt">Public Offering Price:</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">99.015% of the principal amount</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5pt; padding-bottom: 8pt">Optional Redemption:</TD>
    <TD STYLE="padding-bottom: 8pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; padding-right: 5pt; padding-bottom: 8pt">Make-Whole Call:</TD>
    <TD STYLE="padding-bottom: 8pt">Prior to June 15, 2036, at the Treasury Rate (as defined in the preliminary
    prospectus supplement) plus 15 basis points</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in; padding-right: 5pt; padding-bottom: 8pt">Par Call:</TD>
    <TD STYLE="padding-bottom: 8pt">On or after June 15, 2036</TD></TR>
  <TR>
    <TD STYLE="padding-right: 5pt; padding-bottom: 8pt; vertical-align: top; width: 25%"><FONT STYLE="font-size: 10pt">Denominations:</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; vertical-align: bottom; width: 75%"><FONT STYLE="font-size: 10pt">$2,000 x $1,000</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="padding-right: 5pt; padding-bottom: 8pt; vertical-align: top"><FONT STYLE="font-size: 10pt">CUSIP / ISIN:</FONT></TD>
    <TD STYLE="padding-bottom: 8pt; vertical-align: bottom"><FONT STYLE="font-size: 10pt">92936U AP4 / US92936UAP49</FONT></TD>
    </TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5pt; padding-bottom: 8pt">Joint Book-Running Managers:</TD>
    <TD STYLE="padding-bottom: 8pt">Wells Fargo Securities, LLC<BR>
RBC Capital Markets, LLC<BR>
U.S. Bancorp Investments, Inc.<BR>
BBVA Securities Inc.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5pt; padding-bottom: 8pt">Senior Co-Manager:</TD>
    <TD STYLE="padding-bottom: 8pt"><FONT STYLE="font-size: 10pt">SMBC Nikko Securities America, Inc.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5pt"><FONT STYLE="font-size: 10pt">Co-Managers:</FONT></TD>
    <TD>PNC Capital Markets LLC<BR>
Regions Securities LLC<BR>
Scotia Capital (USA) Inc.</TD></TR>
  </TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">*Note: A securities rating is not a recommendation to buy, sell or
hold securities. Ratings may be subject to revision or withdrawal at any time. Each securities rating should be evaluated independently
of any other security rating.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>No PRIIPs KID</B> &#8211; No PRIIPs key information document (KID)
has been prepared as the notes are not available to retail investors in the EEA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The issuer has filed a registration statement (including
a prospectus) with the Securities and Exchange Commission (&#8220;SEC&#8221;) for the offering to which this communication relates. Before
you make an investment decision, you should read the prospectus in that registration statement and other documents that the issuer has
filed with the SEC, including the prospectus supplement relating to the notes, for more complete information about the issuer and this
offering. You may get these documents for free by visiting the SEC&#8217;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 the prospectus supplement relating to the notes
if you request it by contacting Wells Fargo Securities, LLC toll-free at 1-800-645-3751, RBC Capital Markets, LLC toll-free at 1-866-375-6829
or U.S. Bancorp Investments, Inc. toll-free at 1-877-558-2607.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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