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Appalachian Power Co – ‘FWP’ on 3/4/19 re: Appalachian Power Co

On:  Monday, 3/4/19, at 4:05pm ET   ·   Accession #:  6879-19-5   ·   File #:  333-214448

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer

 3/04/19  Appalachian Power Co              FWP                    1:23K  Appalachian Power Co

Free-Writing Prospectus   —   Rule 163/433
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: FWP         FWP - Appalachian Power Company Pricing Term        HTML     12K 
                          Sheet, 333-214448

This is an HTML Document rendered as filed.  [ Alternative Formats ]

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  Document  


Filed pursuant to Rule 433
Registration No. 333-214448
March 4, 2019

PRICING TERM SHEET
Issuer:
Appalachian Power Company
Expected Ratings*:
Baa1 (stable) by Moody’s Investors Service, Inc.
A- (stable) by S&P Global Ratings
Designation:
Senior Notes, Series Y, due 2049
 
Principal Amount:
$400,000,000
 
Maturity:
March 1, 2049
 
Coupon:
4.50%
 
Interest Payment Dates:
March 1 and September 1
 
First Interest Payment Date:
September 1, 2019
 
Treasury Benchmark:
3.375% due November 15, 2048
 
Treasury Yield:
3.092%
 
Reoffer Spread:
T+ 145 basis points
 
Yield to Maturity:
4.542%
 
Price to Public:
99.316% of the principal amount thereof
 
Transaction Date:
March 4, 2019
 
Settlement Date:
March 6, 2019 (T+2)
 
Redemption Terms:
 
 
Make-whole call:
Prior to September 1, 2048 at a discount rate of
the Treasury Rate plus 25 basis points
 
Par call:
On or after September 1, 2048 at par
 
Minimum Denomination:
$2,000 and integral multiples of $1,000 in excess thereof
CUSIP/ISIN:
037735CX3/US037735CX37
 
Joint Book-Running Managers:
BNP Paribas Securities Corp.
J.P. Morgan Securities LLC
MUFG Securities Americas Inc.
SMBC Nikko Securities America, Inc.
 
 
 
 
Co-Managers:
Academy Securities, Inc.
C.L. King & Associates, Inc.
The Williams Capital Group, L.P.
 

Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

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 contacting BNP Paribas Securities Corp., toll-free at 1-800-854-5674, J.P. Morgan Securities LLC collect at 1-212-834-4533, MUFG Securities Americas Inc. at 1-877-649-6848 or SMBC Nikko Securities America, Inc. toll-free at 1-888-868-6856.



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘FWP’ Filing    Date    Other Filings
9/1/19
3/6/19
Filed on:3/4/19424B5
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Filing Submission 0000006879-19-000005   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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