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  • NEW ISSUE – BOOK-ENTRY ONLY Ratings: See “RATINGS” herein.

    STANfORd UNIvERSITY Taxable Bonds Series 2009A

    $350,000,000 3.625% Bonds due May 1, 2014 Issue price: 99.895% $250,000,000 4.250% Bonds due May 1, 2016 Issue price: 99.724% $400,000,000 4.750% Bonds due May 1, 2019 Issue price: 99.700%

    The Stanford University Taxable Bonds Series 2009A (the “Bonds”) will be issued pursuant to the terms of an Indenture of Trust, dated as of April 1, 2009 (the “Indenture”), by and between The Board of Trustees of the Leland Stanford Junior University (the “University”) and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”). The proceeds of the Bonds will be used by the University for general purposes, including without limitation refinancing commercial paper and other external indebtedness, financing operating and capital expenditures and liquidity.

    The Bonds will be issued in fully registered form in denominations of $1,000 and any integral multiple thereof and, when issued, will be registered in the name of Cede & Co., as nominee of The Depository Trust Company, New York, New York (“DTC”). DTC will act as securities depository for the Bonds. Individual purchases will be made in book-entry form only, and purchasers of the Bonds will not receive physical certificates (except under certain circumstances described in the Indenture) representing their ownership interests in the Bonds purchased.

    Interest on the Bonds will be payable on May 1 and November 1 of each year, commencing on November 1, 2009. So long as the Bonds are held by DTC, the principal or Make-Whole Redemption Price (as defined herein) of and interest on the Bonds will be payable by wire transfer to DTC, which in turn is required to remit such principal or Make-Whole Redemption Price and interest to the DTC Participants for subsequent disbursement to the Beneficial Owners of the Bonds, as more fully described in “BOOK-ENTRY ONLY SYSTEM” herein.

    The Bonds are subject to optional redemption prior to their stated maturity as described herein. See “THE BONdS – Redemption” herein.

    Interest on and profit, if any, on the sale of the Bonds are not excludable from gross income for federal, state or local income tax purposes. See “CERTAIN UNITEd STATES fEdERAL TAX CONSIdERATIONS” herein.

    The Bonds constitute unsecured general obligations of the University. The University has other unsecured general obligations outstanding. See APPENdIX A – “STANfORd UNIvERSITY (INCLUdING fINANCIAL STATEMENTS ANd dISCUSSION Of fINANCIAL RESULTS)” attached hereto. Moreover, the University is not restricted by the Indenture or otherwise from incurring additional indebtedness. Such additional indebtedness, if issued, may be either secured or unsecured and may be entitled to payment prior to payment on the Bonds. See “SECURITY fOR THE BONdS” herein.

    This cover page contains certain information for quick reference only. It is not intended to be a summary of this issue. Investors must read the entire Offering Memorandum to obtain information essential to the making of an informed investment decision.

    The Bonds are offered by the Underwriters, when, as and if issued by the University and accepted by the Underwriters, subject to the approval of legality by Ropes & Gray LLP, counsel to the University. In addition, certain other legal matters will be passed upon for the University by Debra Zumwalt, General Counsel to the University, and for the Underwriters by their counsel, Hawkins Delafield & Wood LLP. It is expected that the Bonds will be available for delivery to DTC in New York, New York on or about April 29, 2009.

    Goldman, Sachs & Co. J.P. Morgan Morgan Stanley Prager, Sealy & Co., LLC

    April 23, 2009

  • TABLE OF CONTENTS Page

    i

    GENERAL INFORMATION ...................................................................................................................................... iii

    SUMMARY OF THE OFFERING ............................................................................................................................... v

    INTRODUCTION ......................................................................................................................................................... 1 Purpose of the Bonds and the Plan of Finance .......................................................................................................... 1 The University .......................................................................................................................................................... 1 The Bonds ................................................................................................................................................................. 1 Security for the Bonds .............................................................................................................................................. 2 Outstanding Indebtedness ......................................................................................................................................... 2 Redemption ............................................................................................................................................................... 2 Book-Entry Only System .......................................................................................................................................... 2 Certain Information Related to this Offering Memorandum..................................................................................... 2

    ESTIMATED SOURCES AND USES OF PROCEEDS .............................................................................................. 3

    PLAN OF FINANCE .................................................................................................................................................... 3

    THE BONDS ................................................................................................................................................................. 4 Description of the Bonds .......................................................................................................................................... 4 Redemption ............................................................................................................................................................... 4 Partial Redemption of Bonds .................................................................................................................................... 5 Notice of Redemption ............................................................................................................................................... 5 Effect of Redemption ................................................................................................................................................ 5 Selection of Bonds for Redemption Within a Maturity ............................................................................................ 6

    BOOK-ENTRY ONLY SYSTEM ................................................................................................................................ 6 General ...................................................................................................................................................................... 6 Certificated Bonds .................................................................................................................................................... 8

    SECURITY FOR THE BONDS .................................................................................................................................... 9 General ...................................................................................................................................................................... 9 Indenture Fund .......................................................................................................................................................... 9

    ENFORCEABILITY OF REMEDIES ........................................................................................................................ 10

    CERTAIN INVESTMENT CONSIDERATIONS ...................................................................................................... 10

    CERTAIN UNITED STATES FEDERAL TAX CONSIDERATIONS ..................................................................... 12 Certain U.S. Federal Income Tax Consequences to U.S. Holders .......................................................................... 13 Certain U.S. Federal Income and Estate Tax Consequences to Non-U.S. Holders ................................................. 14

    ERISA CONSIDERATIONS ...................................................................................................................................... 15

    UNDERWRITING ...................................................................................................................................................... 16

    ANNUAL REPORTS .................................................................................................................................................. 17

    LITIGATION .............................................................................................................................................................. 17

    APPROVAL OF LEGALITY ..................................................................................................................................... 17

    INDEPENDENT ACCOUNTANTS .............