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As Of Filer Filing For·On·As Docs:Size Issuer Agent 6/14/12 Hydro Quebec FWP 1:34K Hydro Quebec Merrill Corp-MD/FA |
Document/Exhibit Description Pages Size 1: FWP Free Writing Prospectus HTML 27K
Free Writing Prospectus (FWP)
Filed pursuant to Rule 433
Registration No. 333-178704
Relating to Prospectus Supplement dated June 12, 2012
HYDRO-QUÉBEC
Final Term Sheet
US$1,000,000,000
1.375% Global Notes Series JP due June 19, 2017
Guaranteed Irrevocably and Unconditionally by
Québec
Issuer: |
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Hydro-Québec |
Guarantor: |
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Québec |
Expected Ratings(1): |
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Moody’s: Aa2; S&P: A+ |
Title: |
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1.375% Bonds, Series JP, due June 19, 2017 |
Format: |
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SEC Registered Global Offering |
Ranking: |
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Direct, unconditional and unsecured debt |
Size: |
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U.S.$1,000,000,000 |
Trade Date: |
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Settlement Date: |
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Maturity: |
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Interest Payment Dates: |
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June 19 and December 19 of each year |
First Interest Payment Date: |
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Spread to Benchmark Treasury: |
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T+ 64.65 bps |
Spread to Mid-Swaps: |
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+35 bps |
Benchmark Treasury: |
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0.625% due 5/31/2017 |
UST Spot/Yield: |
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99-12.25 / 0.752% |
Yield to Maturity: |
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1.399% |
Coupon: |
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1.375% payable semi-annually |
Price: |
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99.884% plus accrued interest, if any, from June 19, 2012 |
Day Count: |
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30/360 |
Minimum Denominations: |
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US$1,000 x US$1,000 |
Joint Lead Managers: |
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BofA Merrill Lynch |
Senior Co-managers: |
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National Bank of Canada Financial |
Co-managers: |
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Casgrain & Company Limited |
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UBS Investment Bank |
Cusip / ISIN: |
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4488148U0 / US4488148U08 |
Listing and Admission to Trading: |
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Admission to UKLA’s Official List and to trading on London Stock Exchange’s regulated market may be completed following settlement. |
Governing Law: |
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Québec and Canada |
Prospectus and Prospectus Supplement: |
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Prospectus dated December 29, 2011, and Preliminary Prospectus Supplement dated June 12, 2012 |
http://www.sec.gov/Archives/edgar/data/49448/000110465912042993/a12-14556_1424b3.htm | ||
Stabilization: |
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Reg M/FSA Rules |
(1) A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revisions or withdrawal at any time. | ||
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Legends: |
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This communication is intended for the sole use of the person to whom it is provided by us. |
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The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the 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 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 if you request it by calling toll-free to Merrill Lynch, Pierce, Fenner & Smith Incorporated at 1-800-294-1322, CIBC World Markets Corp. at 1-800-282-0822, HSBC Securities (USA) Inc. at 1-866-811-8049 or RBC Capital Markets, LLC at 1-866-375-6829. |
European Economic Area Legends: |
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If and to the extent that this announcement is communicated in, or the offer of the Notes to which it relates is made in, any Member State that has implemented the Prospectus Directive 2003/71/EC as amended (which includes the amendments by Directive 2010/73/EU to the extent that such amendments have been implemented in a Member State) (a “Relevant Member State”), this announcement and the offer are only addressed to and directed at persons in that Relevant Member State who are qualified investors within the meaning of the Prospectus Directive or otherwise in compliance with either Article 3(2)(c) and (e) of the Prospectus Directive or subject to prior written approval of RBC Capital Markets, LLC, Article 3(2)(b) of the Prospectus Directive and must not be acted upon by other persons in that Relevant Member State.
This is not a prospectus under the Directive 2003/71/EC (the “Prospectus Directive”) but an advertisement as defined in the Prospectus Directive and investors in the EEA should not subscribe |
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for or purchase Notes once admitted to trading on the London Stock Exchange plc’s (the “London Stock Exchange”) regulated market except on the basis of information in the Listing Prospectus (as defined below). Hydro-Québec intends to file a single prospectus (the “Listing Prospectus”) pursuant to Section 5.3 of the Prospectus Directive with the Financial Services Authority in its capacity as competent authority under the Financial Services and Markets Act 2000 as amended for the purpose of having the Notes admitted to trading on the London Stock Exchange’s regulated market as soon as possible after closing of this issue. Once approved, the Listing Prospectus will be published in accordance with the Prospectus Directive and investors will be able to view the Listing Prospectus on the website of the Regulatory News Service operated by the London Stock Exchange at http://www.londonstockexchange.com/exchange/news/marketnews/market-news-home.html under the name of Hydro-Quebec and the headline “Publication of Prospectus” and investors shall be able to obtain copies without charge from the office of Deutsche Bank AG, London Branch, Winchester House, 1 Great Winchester Street, London EC2N 2DB and from the office of the Direction-Financement international, encaisse et services financiers at Hydro-Québec, at 75 René-Lévesque Boulevard West, Sixth Floor, Montréal, Québec, Canada H2Z 1A4.
This announcement is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or in the United Kingdom, (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “Relevant Persons”). The Notes are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such Notes will be engaged in only with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this document or any of its contents. |
This ‘FWP’ Filing | Date | Other Filings | ||
---|---|---|---|---|
6/19/17 | ||||
12/19/12 | ||||
6/19/12 | 18-K/A | |||
Filed on: | 6/14/12 | 424B5 | ||
6/12/12 | 424B3 | |||
12/29/11 | ||||
List all Filings |