0001193125-14-376188.txt : 20141020 0001193125-14-376188.hdr.sgml : 20141020 20141020151459 ACCESSION NUMBER: 0001193125-14-376188 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20141020 DATE AS OF CHANGE: 20141020 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: VIRGINIA ELECTRIC & POWER CO CENTRAL INDEX KEY: 0000103682 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 540418825 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-178772 FILM NUMBER: 141163839 BUSINESS ADDRESS: STREET 1: 120 TREDEGAR ST CITY: RICHMOND STATE: VA ZIP: 23219 BUSINESS PHONE: 8048192000 MAIL ADDRESS: STREET 1: 120 TREDEGAR ST CITY: RICHMOND STATE: VA ZIP: 23219 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VIRGINIA ELECTRIC & POWER CO CENTRAL INDEX KEY: 0000103682 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 540418825 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 120 TREDEGAR ST CITY: RICHMOND STATE: VA ZIP: 23219 BUSINESS PHONE: 8048192000 MAIL ADDRESS: STREET 1: 120 TREDEGAR ST CITY: RICHMOND STATE: VA ZIP: 23219 FWP 1 d797101dfwp.htm TERM SHEET Term Sheet

Filed pursuant to Rule 433

Relating to Preliminary Prospectus Supplement dated October 20, 2014

to Prospectus dated December 28, 2011

Registration No. 333-178772

VIRGINIA ELECTRIC AND POWER COMPANY

FINAL TERM SHEET

October 20, 2014

2014 Series B 4.45% Senior Notes Due 2044

 

Principal Amount:

    $200,000,000 (Reopening of notes issued on February 7, 2014)

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

    A2 (stable)/A- (stable)/A- (stable)

Trade Date:

    October 20, 2014

Settlement Date:

    October 23, 2014

Final Maturity Date:

    February 15, 2044

Interest Payment Dates:

    February 15 and August 15

First Interest Payment Date:

    February 15, 2015

Make-Whole Call:

    T+15 bps prior to August 15, 2043

Par Call:

    On or after August 15, 2043

Treasury Benchmark:

    3.375% due May 15, 2044

Benchmark Yield:

    2.959%

Spread to Benchmark:

    + 105 bps

Reoffer Yield:

    4.009%

Coupon:

    4.45%

Price to Public:

    107.490%, plus accrued interest from, and including, August 15, 2014 to, but excluding, October 23, 2014. The total amount of accrued interest on October 23, 2014 will be $1,681,111.11.

Proceeds to Company Before Expenses:

    106.615%, plus accrued interest from, and including, August 15, 2014 to, but excluding, October 23, 2014.

CUSIP/ISIN:

    927804FR0/US927804FR06

Joint Book-Running Managers:

    BNP Paribas Securities Corp. and Citigroup Global Markets Inc.

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, including the preliminary prospectus supplement dated October 20, 2014, 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:

BNP Paribas Securities Corp.            1-800-854-5674 (toll free)

Citigroup Global Markets Inc.           1-800-831-9146 (toll free)

*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.