Free Writing Prospectus
Filed Pursuant to Rule 433
Registration No. 333-184382
Supplementing the Preliminary
Prospectus Supplement dated January 29, 2013
(to Prospectus dated October 11, 2012)
AIR LEASE CORPORATION
Pricing Term Sheet
Date: January 29, 2013
|
Issuer: |
Air Lease Corporation |
|
Security description: |
4.750% Senior Notes due 2020 |
|
Size: |
$400,000,000 |
|
Gross proceeds: |
$400,000,000 |
|
Maturity: |
March 1, 2020 |
|
Coupon: |
4.750% |
|
Issue price: |
100.000% of face amount |
|
Yield to maturity: |
4.750% |
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Spread to Benchmark Treasury: |
338 basis points |
|
Benchmark Treasury: |
T. 1.125% due December 31, 2019 |
|
Interest Payment Dates: |
March 1 and September 1, commencing September 1, 2013 |
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Equity clawback: |
Up to 40% at 104.750% prior to March 1, 2016 |
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Optional redemption: |
Non-callable for life |
|
|
Make-whole call @ T+50bps |
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Change of control: |
Putable at 101% of principal plus accrued and unpaid interest |
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Trade date: |
January 29, 2013 |
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Settlement: |
T+5; February 5, 2013 |
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CUSIP: |
00912XAJ3 |
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ISIN: |
US00912XAJ37 |
|
Denominations/Multiple: |
$2,000 x $1,000 |
|
Joint Book-Running Managers: |
Merrill Lynch, Pierce, Fenner & Smith Incorporated Deutsche Bank Securities Inc. J.P. Morgan Securities LLC |
|
|
BMO Capital Markets Corp. Citigroup Global Markets Inc. Credit Suisse Securities (USA) LLC RBC Capital Markets, LLC RBS Securities Inc. Wells Fargo Securities, LLC |
The issuer has filed a registration statement including a prospectus and a prospectus supplement with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus and prospectus supplement 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 obtain 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 and the prospectus supplement if you request them by emailing BofA Merrill Lynch at: dg.prospectus_requests@baml.com or calling toll-free 1-800-294-1322.
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