# EDGAR Filing Document

**Accession Number:** 0000765880
**File Stem:** 0001104659-23-002305
**Filing Date:** 2023-1
**Character Count:** 6999
**Document Hash:** 7ed322460090754a21d965bdc3144855
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-002305.hdr.sgml**: 20230109

**ACCESSION NUMBER**: 0001104659-23-002305

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230109

**DATE AS OF CHANGE**: 20230109

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HEALTHPEAK PROPERTIES, INC.
- **CENTRAL INDEX KEY:** 0000765880
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **IRS NUMBER:** 330091377
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-256055
- **FILM NUMBER:** 23518681

**BUSINESS ADDRESS:**
- **STREET 1:** 5050 SOUTH SYRACUSE STREET
- **STREET 2:** SUITE 800
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80237
- **BUSINESS PHONE:** 949-407-0700

**MAIL ADDRESS:**
- **STREET 1:** 5050 SOUTH SYRACUSE STREET
- **STREET 2:** SUITE 800
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80237

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HCP, INC.
- **DATE OF NAME CHANGE:** 20070911

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HEALTH CARE PROPERTY INVESTORS INC
- **DATE OF NAME CHANGE:** 19920703
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HEALTHPEAK PROPERTIES, INC.
- **CENTRAL INDEX KEY:** 0000765880
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **IRS NUMBER:** 330091377
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** 5050 SOUTH SYRACUSE STREET
- **STREET 2:** SUITE 800
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80237
- **BUSINESS PHONE:** 949-407-0700

**MAIL ADDRESS:**
- **STREET 1:** 5050 SOUTH SYRACUSE STREET
- **STREET 2:** SUITE 800
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80237

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HCP, INC.
- **DATE OF NAME CHANGE:** 20070911

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HEALTH CARE PROPERTY INVESTORS INC
- **DATE OF NAME CHANGE:** 19920703

**Issuer Free Writing Prospectus, dated January 9, 2023<br> Filed Pursuant to Rule 433 under the Securities Act of 1933<br> Supplementing the Preliminary Prospectus Supplement dated January 9, 2023<br> Registration Statement No. 333-256055**

![](tm231644d3_fwpimg002.jpg)

Final Term Sheet

5.250% Senior Notes due 2032

This term sheet relates only to the securities described below and should be read together with Healthpeak Properties, Inc.'s preliminary prospectus supplement dated January 9, 2023 (the "Preliminary Prospectus Supplement"), the accompanying prospectus dated May 13, 2021, and the documents incorporated by reference and deemed to be incorporated by reference therein.

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| | |
|:---|:---|
| Issuer: | Healthpeak Properties, Inc. |
| Trade Date: | January 9, 2023 |
| Settlement Date: | January 17, 2023 (T+5) |
| Anticipated Ratings (Moody's/S&P/Fitch)\*: | Baal (Stable)/BBB+ (Stable)/BBB+ (Stable) |
| Securities Offered: | 5.250% Senior Notes due 2032 |
| Aggregate Principal Amount Offered: | $400000000 |
| Maturity Date: | December 15, 2032 |
| Interest Payment Dates: | June 15 and December 15, commencing June 15, 2023 (short first coupon) |
| Benchmark Treasury: | 4.125% due November 15, 2032 |
| Benchmark Treasury Price/Yield: | 105-01/3.516% |
| Spread to Benchmark Treasury: | +175 basis points |
| Yield to Maturity: | 5.266% |
| Coupon: | 5.250% per year |
| Price to Public: | 99.883% of the principal amount, plus accrued interest, if any |

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\* A securities rating is not a recommendation to buy, sell or hold securities and is subject to revision or withdrawal at any time.

Optional Redemption Provisions: Make-Whole Call: Par Call: Prior to September 15, 2032 (the "Par Call Date"),+30 basis points On and after the Par Call Date, at par <br>CUSIP / ISIN: 42250P AE3 / US42250PAE34

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| | |
|:---|:---|
| Total Net Proceeds: | Approximately $396,932,000, after deducting underwriting discounts but before deducting estimated offering expenses payable by the Issuer. |
| Use of Proceeds: | The Issuer intends to use the net proceeds from the offering to repay a portion of its outstanding commercial paper and for general corporate purposes, which may include repaying or repurchasing other indebtedness, working capital, acquisitions, development activities and capital expenditures. |
| Joint Book-Running Managers: | Wells Fargo Securities, LLC <br> BofA Securities, Inc. <br> PNC Capital Markets LLC <br> Scotia Capital (USA) Inc. <br> Truist Securities, Inc. <br> Mizuho Securities USA LLC<br> TD Securities (USA) LLC |
| Co-Managers: | Barclays Capital Inc. <br> Credit Agricole Securities (USA) Inc.<br> Credit Suisse Securities (USA) LLC <br> Goldman Sachs & Co. LLC<br> M&T Securities, Inc. <br> RBC Capital Markets, LLC<br> Regions Securities LLC <br> Huntington Securities, Inc. <br> SMBC Nikko Securities America, Inc. |

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**The Issuer expects that delivery of the notes will be made to investors on or about the settlement date specified above, which will be the fifth business day following the date of this term sheet. Under rules of the Securities and Exchange Commission, trades in the secondary market are required to settle in two business days, unless the parties to that trade expressly agree otherwise. Accordingly, purchasers who wish to trade the notes offered hereby on the date of this term sheet or the next succeeding two business days will be required, by virtue of the fact that the notes initially settle in T+5, to specify an alternate settlement arrangement at the time of any such trade to prevent a failed settlement. Purchasers who wish to trade the notes on the date of this term sheet or the next succeeding two business days should consult their advisors.**

**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 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 website 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 by calling Wells Fargo Securities, LLC toll-free at (800) 645-3751, BofA Securities, Inc. toll-free at (800) 294-1322, PNC Capital Markets LLC toll-free at (855) 881-0697, Scotia Capital (USA) Inc. toll-free at (800) 372-3930 or Truist Securities, Inc. toll-free at (800) 685-4786.**

**No PRIIPs or UK PRIIPs KID – No PRIIPs or UK PRIIPs key information document (KID) has been prepared as not available to retail in EEA or UK.**