0001193125-19-190372.txt : 20190708 0001193125-19-190372.hdr.sgml : 20190708 20190708134502 ACCESSION NUMBER: 0001193125-19-190372 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20190708 DATE AS OF CHANGE: 20190708 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: 333-219085 FILM NUMBER: 19944959 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 d762704dfwp.htm FWP FWP

Filed pursuant to Rule 433

Relating to Preliminary Prospectus Supplement dated July 8, 2019

to Prospectus dated September 11, 2017

Registration No. 333-219085

VIRGINIA ELECTRIC AND POWER COMPANY

FINAL TERM SHEET

 

    

2019 Series A 2.875% Senior Notes
Due 2029

Principal Amount:    $500,000,000
Expected Rating (Moody’s/S&P/Fitch)*:    A2 (stable outlook) / BBB+ (stable outlook) / A (stable outlook)
Trade Date:    July 8, 2019
Settlement Date:    July 10, 2019 (T+2)
Final Maturity Date:    July 15, 2029
Interest Payment Dates:    January 15 and July 15
First Interest Payment Date:    January 15, 2020
Make-Whole Call:    T+15 bps prior to April 15, 2029
Par Call:    On or after April 15, 2029
Treasury Benchmark:    2.375% due May 15, 2029
Benchmark Yield:    2.029%
Spread to Benchmark:    +85 bps
Reoffer Yield:    2.879%
Coupon:    2.875%
Price to Public:    99.965%
Proceeds to Company Before Expenses:    99.315%
CUSIP/ISIN:    927804 GB4/US927804GB45
Joint Book-Running Managers:    BofA Securities, Inc. and
Deutsche Bank Securities Inc.
Co-Managers:    Academy Securities, Inc. and
PNC Capital Markets LLC

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 July 8, 2019, 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 and preliminary prospectus supplement if you request them by calling:

 

BofA Securities, Inc.   

1-800-294-1322 (toll-free)

Deutsche Bank Securities Inc.   

1-800-503-4611 (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.