Issuer:

NuStar Logistics, L.P.

Guarantors:

NuStar Energy L.P. and NuStar Pipeline Operating Partnership L.P. will jointly and unconditionally guarantee, on a senior, unsecured basis, payment of the principal of, premium, if any, and interest on the notes.

Security:

6.750% Senior Notes due 2021

Principal Amount:

$300,000,000

Maturity:

February 1, 2021

Coupon:

6.750%

Price to Public:

100.000%

Net Proceeds to Issuer (before expenses):

$296,625,000

Yield to Maturity:

6.750%

Spread to Benchmark Treasury:

+463 bp

Benchmark Treasury:

2.00% due July 31, 2020

Benchmark Treasury Yield:

2.116%

Interest Payment Dates:

February 1 and August 1, commencing February 1, 2014

Make-Whole Call:

T+50 bp

Change of Control

Investor put at 101% of principal plus accrued interest

Pricing Date:

August 14, 2013

Settlement Date:

August 19, 2013 (T+3)

CUSIP / ISIN:

67059T AD7 / US67059TAD72

Ratings (Outlook) (Moody’s / S&P / Fitch)*:

Ba1 (negative) / BB+ (stable) / BB (stable)

Other

As of August 13, 2013, on a pro forma basis giving effect to the application of the proceeds of this offering as described under “Use of Proceeds” in the preliminary prospectus, our total indebtedness was approximately $2.6 billion.

Joint Book-Running Managers:

J.P. Morgan Securities LLC

Mizuho Securities USA Inc.

SunTrust Robinson Humphrey, Inc.

Senior Co-Managers:

Barclays Capital Inc.

Deutsche Bank Securities Inc.

Goldman, Sachs & Co.

Mitsubishi UFJ Securities (USA), Inc.

Morgan Stanley & Co. LLC

U.S. Bancorp Investments Inc.

Co-Managers:

BB&T Capital Markets

BBVA Securities Inc.

BNP Paribas Securities Corp.

Comerica Securities, Inc.

Credit Suisse Securities (USA) LLC

RBS Securities Inc.

SMBC Nikko Securities America, Inc.