Issuer:

W. P. Carey Inc.

Aggregate Principal Amount:

$500,000,000

Stated Maturity Date:

April 1, 2024

Coupon:

4.600% per year

Public Offering Price:

99.639%, plus accrued and unpaid interest, if any, from the Settlement Date

Yield to Maturity:

4.645%

Benchmark Treasury:

2.750% due February 15, 2024

Benchmark Treasury Yield:

2.770%

Spread to Benchmark Treasury:

T+187.5 basis points

Interest Payment Dates:

April 1 and October 1, commencing October 1, 2014

Optional Redemption:

At any time prior to January 1, 2024 (i.e., three months prior to the stated maturity date of the notes), make-whole call based on the Treasury Rate plus 30 basis points; if redeemed on or after January 1, 2024 (i.e., three months prior to the stated maturity date of the notes), at 100% of the aggregate principal amount of the notes to be redeemed; plus, in each case, accrued and unpaid interest, if any, on the principal amount of the notes to be redeemed to, but not including, such redemption date.

Joint Book-Running Managers:

J.P. Morgan Securities LLC

Citigroup Global Markets Inc.

Wells Fargo Securities, LLC

Senior Co-Managers:

Barclays Capital Inc.

Merrill Lynch, Pierce, Fenner & Smith

Incorporated

Co-Managers:

BMO Capital Markets Corp.

Capital One Securities, Inc.

Fifth Third Securities, Inc.

PNC Capital Markets LLC

RBS Securities Inc.

Regions Securities LLC

CUSIP / ISIN:

92936UAA7 / US92936UAA79

Denominations:

$2,000 x $1,000

Trade Date:

March 11, 2014

Settlement Date; Settlement and Trading:

March 14, 2014, through the facilities of The Depository Trust Company and its direct and indirect participants, including Euroclear Bank S.A/N.V., as operator of the Euroclear System, and Clearstream Banking, société anonyme, in accordance with their respective customary policies and procedures.

Expected Ratings:

Baa2 (Stable) by Moody’s Investors Service, Inc. and BBB- (Stable) by Standard & Poor’s1