<SEC-DOCUMENT>0001104659-13-068769.txt : 20130909
<SEC-HEADER>0001104659-13-068769.hdr.sgml : 20130909
<ACCEPTANCE-DATETIME>20130909171657
ACCESSION NUMBER:		0001104659-13-068769
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20130909
DATE AS OF CHANGE:		20130909

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CORPORATE OFFICE PROPERTIES TRUST
		CENTRAL INDEX KEY:			0000860546
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				232947217
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-190137
		FILM NUMBER:		131086305

	BUSINESS ADDRESS:	
		STREET 1:		6711 COLUMBIA GATEWAY DRIVE
		STREET 2:		SUITE 300
		CITY:			COLUMBIA
		STATE:			MD
		ZIP:			21046
		BUSINESS PHONE:		4432855400

	MAIL ADDRESS:	
		STREET 1:		6711 COLUMBIA GATEWAY DRIVE
		STREET 2:		SUITE 300
		CITY:			COLUMBIA
		STATE:			MD
		ZIP:			21046

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CORPORATE OFFICE PROPERTIES TRUST INC
		DATE OF NAME CHANGE:	19980105

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ROYALE INVESTMENTS INC
		DATE OF NAME CHANGE:	19930328

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ROYALE REIT INC
		DATE OF NAME CHANGE:	19600201

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Corporate Office Properties, L.P.
		CENTRAL INDEX KEY:			0001577966
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				232930022
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		6711 COLUMBIA GATEWAY DRIVE
		STREET 2:		SUITE 300
		CITY:			COLUMBIA
		STATE:			MD
		ZIP:			21046
		BUSINESS PHONE:		443-285-5400

	MAIL ADDRESS:	
		STREET 1:		6711 COLUMBIA GATEWAY DRIVE
		STREET 2:		SUITE 300
		CITY:			COLUMBIA
		STATE:			MD
		ZIP:			21046
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>a13-20305_2fwp.htm
<DESCRIPTION>FWP
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Free Writing Prospectus<br> Filed pursuant to Rule&nbsp;433<br> Dated September&nbsp;9, 2013<br> Relating to<br> Preliminary Prospectus Supplement dated September&nbsp;9, 2013 to<br> Prospectus dated July&nbsp;25, 2013<br> Registration Statement No.&nbsp;333-190137</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Final Term Sheet</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman"><img width="132" height="79" src="g203052bgi001.jpg"></font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">$250 million 5.25% Senior Notes due 2024</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.66%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Issuer:</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.24%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.1%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Corporate   Office Properties, L.P.</font></p>    </td>   </tr>
<tr>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.66%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Guarantor:</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.24%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.1%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Corporate   Office Properties Trust</font></p>    </td>   </tr>
<tr>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.66%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Format:</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.24%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.1%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SEC   Registered</font></p>    </td>   </tr>
<tr>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.66%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Expected   Ratings (Moody&#146;s/S&amp;P/Fitch):*</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.24%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.1%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Baa3/BBB-/BBB-</font></p>    </td>   </tr>
<tr>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.66%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Principal   Amount:</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.24%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.1%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$250   million</font></p>    </td>   </tr>
<tr>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.66%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Title   of Securities:</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.24%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.1%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.25%   Senior Notes due 2024</font></p>    </td>   </tr>
<tr>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.66%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Trade   Date:</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.24%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.1%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September&nbsp;9,   2013</font></p>    </td>   </tr>
<tr>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.66%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Original   Issue Date (Settlement Date):</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.24%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.1%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September&nbsp;16,   2013 (T+5)**</font></p>    </td>   </tr>
<tr>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.66%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Maturity   Date:</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.24%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.1%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">February&nbsp;15,   2024</font></p>    </td>   </tr>
<tr>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.66%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Interest   Payment Dates:</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.24%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.1%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Semi-annually   in arrears on each February&nbsp;15 and   August&nbsp;15, commencing   February&nbsp;15, 2014.</font></p>    </td>   </tr>
<tr>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.66%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Benchmark   Treasury:</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.24%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.1%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.50%   due August&nbsp;15, 2023</font></p>    </td>   </tr>
<tr>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.66%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Benchmark   Treasury Price/Yield:</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.24%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.1%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">96-17/2.905%</font></p>    </td>   </tr>
<tr>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.66%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Spread   to Benchmark Treasury:</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.24%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.1%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">T+250   basis points</font></p>    </td>   </tr>
<tr>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.66%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Yield   to Maturity:</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.24%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.1%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.405%</font></p>    </td>   </tr>
<tr>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.66%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Coupon:</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.24%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.1%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.25%   per annum</font></p>    </td>   </tr>
<tr>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.66%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Public   Offering Price:</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.24%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.1%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">98.783%</font></p>    </td>   </tr>
<tr>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.66%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Redemption   Provision:</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.24%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.1%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.66%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Make-Whole Call:</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.24%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.1%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">T+40   basis points, before November&nbsp;15, 2023</font></p>    </td>   </tr>
<tr>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.66%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Par Call:</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.24%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.1%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On   or after November&nbsp;15, 2023</font></p>    </td>   </tr>
<tr>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.66%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CUSIP/ISIN:</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.24%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.1%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">22003BAH9/US22003BAH96</font></p>    </td>   </tr>
<tr>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.66%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Joint   Book-Running Managers:</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.24%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.1%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Wells   Fargo Securities, LLC<br> Barclays Capital Inc.  </font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\107909\13-20305-2\task6242255\20305-2-bg.htm',USER='107909',CD='Sep 10 00:57 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.66%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.24%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.1%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Citigroup Global Markets Inc.</font></p>    </td>   </tr>
<tr>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.66%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.24%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.1%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.66%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Senior   Co-Managers:</font></b><font size="2" style="font-size:10.0pt;"> </font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.24%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.1%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Capital   One Securities,&nbsp;Inc. <br>   PNC Capital Markets LLC <br>   Regions Securities LLC </font></p>    </td>   </tr>
<tr>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.66%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.24%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.1%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.66%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Co-Managers:</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.24%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.1%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">BBVA   Securities Inc. <br>   RBS Securities Inc. <br>   SunTrust Robinson Humphrey,&nbsp;Inc. <br>   U.S. Bancorp Investments,&nbsp;Inc.</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="1" width="25%" noshade color="black" align="left"></div>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">*Note:</font></b><font size="2" style="font-size:10.0pt;"> A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">** See &#147;Underwriting (Conflicts of Interest)&#148; in the preliminary prospectus supplement for information regarding T+5 settlement.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The issuer has filed a registration statement (including a prospectus) and a preliminary prospectus supplement dated September&nbsp;9, 2013 with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the related preliminary prospectus supplement 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 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 accompanying prospectus if you request it by calling Wells Fargo Securities, LLC toll-free at 1-800-326-5897, Barclays Capital Inc. toll free at 1-888-603-5847&#160; or Citigroup Global Markets Inc. toll free at 1-800-831-9146.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">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.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\107909\13-20305-2\task6242255\20305-2-bg.htm',USER='107909',CD='Sep 10 00:57 2013' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g203052bgi001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g203052bgi001.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``H'!P@'!@H("`@+"@H+#A@0#@T-
M#AT5%A$8(Q\E)"(?(B$F*S<O)BDT*2$B,$$Q-#D[/CX^)2Y$24,\2#<]/CO_
MVP!#`0H+"PX-#AP0$!P[*"(H.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[
M.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SO_P``1"`!/`(0#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P"?QKXY\0Z1
MXLO;&RO1'!$5V)Y8.,J">:PO^%E^*_\`H(C_`+]+_A3/B1_R/FI?5/\`T$5S
M%<$YRYGJ?3T*%)THMQ6QU7_"R_%?_01'_?I?\*Z;X?>,]>USQ0MEJ%X)8#"[
M%0@'(Z=*X+1O)L=;MI-4TZ6ZMP<O;>6=T@QV'>NO^'\MM<?$VXELK0V=LT4G
MEP,,&,8'!':JIRE=79EB:=)4Y<L5M>Y[%D!<DX`K!FUNZO[MK/1XU;;]Z=_N
MBK/B6X>WT64H2"Y"9'H:;X7MD@T>.10-TV68_H*[3YT>FEZCM_>ZS/O/]Q%P
M/S%-4:Q:7,2R31W-L6Q))MPRC'>MBL7Q3<O;Z0RH2#*P4D>G>@"(:M>:M=/;
MZ5MCBC^_<.,_D*M'3+[R\KK%QYGNBE?RQ1X;ME@T6$@?-)\['US6IVH$85OK
M5S9WWV#5E56)_=S*,*WUJ7Q)<W%KIRS6\[Q.'`RN.0?K4'B^V5].CGQ\T3XS
M[&J=_</=>#K>1N6#A2?7&13!EVRMM0O=-BN5U>=))%S@HI&?RJO;ZMJ+7$FD
MW4JQW1.V.<#H?_KBM70B!H=J>P3K^-8:M_:?C!9K8;HXF&YQTX'6@#2OK2_M
M+&:X&KW#&-"P&Q>?TJMHHU'5;1IWU6:,ARN`JG^E:^M?\@:Z_P"N9K-\'_\`
M(*D_ZZG^0H`OP6>H0AE>^:8%LJSJ`<8'''XT5HT4AG@'Q(_Y'O4?JG_H(K*D
MT'5+72+767MP+.X=1#)N!W'/''X5W_C#X=:[KGBB\U&S-KY$Q7;ODP>%`Z8]
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M&K,,>H2NK7+QPJ#_`*N+G/U)I#*GA>[6XTA(\_/"2A'\C6Q6%/H=Q:7C7ND2
MK$[??A?[C5.;G6RNP:?`'_OF7Y:8BIXON0+**U4Y>5\X]A5;4[1K+PA!"_WP
MZLWL3DUHV6AM]L^W:C*+BYZJ,?*GTI_B&SN;^P6WMXPS%P22<8`H`32K.&\T
M*T692R[.@8C/-:5M:V]I'LMX4B7T48S5;1H9;;3(;>>/8\8P1G.:OTAE'6O^
M0-=_]<S6;X/_`.05)_UU/\A6IJL4L^FSPP)ODD7:`3BJ7AVQNM.M)(+F,*2^
MX$-G-`&S1244`1M/"KE6EC!'4%AFD^TP?\]H_P#OL4U[2VD<N]O$S'J60$TG
MV"S_`.?2'_OV*`'_`&F#_GM'_P!]BC[3!_SWC_[[%,^PV?\`SZ0_]^Q1]AL_
M^?6'_O@4`/\`M,'_`#WC_P"^Q1]I@_Y[Q_\`?8IGV&S_`.?2'_OV*/L%G_SZ
MP_\`?L4`/^TP?\]H_P#OL4?:8/\`GO'_`-]BF?8+/_GTA_[]BC[!9_\`/I#_
M`-^Q0`_[3!_SWC_[[%'VF#_GO'_WV*9]@L_^?2'_`+]BC[#9_P#/K#_W[%`#
M_M,'_/>/_OL4&YMS_P`MH_\`OL4S[#9_\^L/_?L4?8+/_GTA_P"_8H`?]I@_
MY[Q_]]BE^U0?\]X_^^Q4?V"S_P"?2'_OV*/L-G_SZ0_]^Q0`_P"U0?\`/>/_
M`+[%.66.3.QU;'7:0:B^PV>?^/6'_O@5)';PP9\J)(\]=J@4`24444`8$>KZ
MGJM[?1Z5';1P64I@,MQN)DE'4`#H!TS45EK.LZI/-:V]O:V\MD`ETTA9E\TC
M.U<=@,<^]$6E:MHVI7TVEFWN;2^F,[PSL4:*0_>((SD'TI+;2M9TW4[F_MOL
MLXU#:]S`7*B.4#&Y#@Y&,9!J-3I]S6UO(HOXNU)IK>V\BTMKA;UK.[$K$HA"
M[@ZGT(]:!XJU:6SMI8XK./S-0-DTK;C'(.TB'TZTZ?PE<S20RRBVNFEO&N;X
M/D*^5V;%'H!ZT@\-:M';6>G^;;W-I87@F@:1B',0SB-O4C/6I]XT_<V0ZR\6
M:C?ZG)HT%M;->1RL#<JS&`QKC+#N3DXQ1JOBK5='%[:W-O;&[@@%S`ZY\N:/
M<%;(ZA@36AJ>B7*ZG8ZKI'D1SVB-$UO(,))&V"1D=#D9S5'5_#FIZRMY<RM;
MI=S0"V@C#$I"F[<23CDD@4_>L2G2;3TM^I>T37;R^U>YT^YCMY%AA27[1;DE
M06_@;/<=:ALO%%UJ\VJ6EA;(MS;,IM?.)"S1DX+_`$R#5=/#^L:<M]'I,EM%
M#?Q9:)B0()B,,R8['KCUIT/A673-7TN^TI4B%O#Y-TLDS-YB'L,^AYH]X&J5
MW^!&NO\`B)[;4KA8]/9-.EDCD`#9.Q<Y'UZ5=\/:UJ.J2V[3R6#Q36HF=(&.
M^(G[H.?7G\JC@T74H]-URV86X?4I))(B'.%WC&#QVZT[P_HU_IDMJDEM911P
M6HADEA)WS$=.,<#.3^-"4KBDZ;B[6_I$D&KZMJXNI])BM%MX)6AC-P6S,R\'
MIT&>*RH_&5_>SVBVXL[1)X96D^U$_NGC.UER.O/0UHV6E:OH<MW;Z=]FGL[B
M5IHO.8JUNS<D'`^9<\U5M?![V^HV!D$-U:P0S+/YOWI7E(+,!V]*'S#3I*]_
MD1CQ'KOVV>T9]*C>&VBF!=F`<OG"@_A^M/3Q9J,<UY;RVL,UPE\MC:HF5#N5
MW%F)Z`#^57(_#8?Q#=7=U:VTEE)!%#$A.63RR<']?TJG)X4U&>6^G%S%;SG4
M!?6;C+!&"[=KCN"/YTO>'>D]_(LZQJ?B/1]/N;QXM/FC@@,I9=PP01\N/?/7
MVJWHFI7][>2Q7,UC-&D*.3;$[D9N0#GVJMJ=GXAUG1+S3YX+&`SPF,%96;D]
M^G`]JLZ-IUY9WTDDMK:6T)@5#Y!),K+T)XXP,_G5:W,WR\FMKFX#Q10.E%6<
MYQFI^*M5L[_68D.G!=-V-&D@8/.&&0HY^]VX'6HKOQAJT$FH`1V2/:1Q/';2
M!O-FWC.P8/WATZ5K6.A74/BC4M2O(K.6"[93%U+Q[!@=1CGVK.OO!]]?:MJ.
MH/);032M'+93QEB\,B<#/'0CJ*RM([(NE>S73_+_`()I1ZMJ6J:A/9Z='!;_
M`&1$\^2X!?$C#.P`$=!U-9LWBS5(X#$T-G!>V]\EG<A]Q3#_`'9%YZ8[&KMM
MI&N6.IS:C;-9.][&OVRW9F""11C>AQGD=0:JWOA?4Y81)'+:2W,U\MW=-+N"
MG;PL:@#ICUI^]8E>RO9[$$OB[5XDE&W3V6*_CM/M/S>5(''WAS_#T/-6;OQ%
MJUK;13+/I<R27Z6@F3=M`/4GG@@U>\0Z+=:C96=MI\5FBV]RD[))D(=O.``.
M]9][X=UJ\A2+R=*CA2]2Y\A-VT@#YATY+&E[PXNF[-V0L'B'7;JWU&:WBL3%
M8-)FYPQCG"KD!1GZ@GD<5&_B+Q!#H5KJLD6GF.Z:`)@/QYAP0>>V1]:MVWA_
M5-/TS4M*M9K9[&9&%FDA8&`-]Y20.5&3BHKGP]JTWA/3=(1K,36DD1D8LVTB
M,@C''?%/W@O3OTW_``&S^(=6CU;4K+S],B:T:,1+*&!FWC@=>.>*+'Q1>ZA?
MO'#-IT9BN_(>SE8K-M!PS=?Q`QTH?0-;;5=1O3!I,OVQHRGG%R8M@X(X]>:=
M=>&-2U5(X=373F*3+(U[$A$Y"MD`<<'MG/2E[P?NO+^D6_$VIZUI-M<7ME%:
M-:P(I/G;BSL6P>AXQQ56_P!;UW3KFQ@NFTV-;R=HQ,P8*%";MV,\<Y%:?BC3
M+W6-#EL+%H4DE9=S2D@!00>WTJEKFA7VLS:4)(;)X+4EKF*1F(?<NT@<>ASD
MU3OT)IN%ES%1/%&K2Z98W0@M4>XU'[&6*ML=<D"1.^#BK7B#Q%?:'>7!\JWE
MMH;038(8/N+!>3TVCJ?:J_\`PC&L+H\6GK?0.=.NTGL))03E%)PDGT!QD5<?
M3->N)KF^FEL4NF@6&&)%9H]N[+;B>3GITI>\-^SOTL1V6IZW?-BRO-'NX\!C
M<1$D+UR-H.?3FI?#&J:QK%K!?7:6@M9D<CR@P96#%<')Z<9INGZ!<6NJW.JF
MWLK>>2V\A(+;(0\YW,<=>W2K?A72[O1]!AT^]:%GB9L-$3@@DGO]::O<F3AR
,NWD;(Z44459SG__9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
