Filed Pursuant to Rule 433
Dated October 2, 2017
Registration Statement No. 333-200941-02
WISCONSIN POWER AND LIGHT COMPANY
Final Term Sheet
Dated October 2, 2017
Issuer: | Wisconsin Power and Light Company (the Company) | |
Size: | $300,000,000 | |
Security Type: | Debentures | |
Maturity Date: | October 15, 2027 | |
Interest Payment Dates: | April 15 and October 15, commencing April 15, 2018 | |
Coupon: | 3.05% | |
Price to Public: | 99.709% | |
Yield to Maturity: | 3.084% | |
Benchmark Treasury: | 2.25% due August 15, 2027 | |
Benchmark Treasury Yield: | 2.334% | |
Spread to Benchmark Treasury: | +75 bps | |
Optional Redemption Reinvestment Rate: | Make-whole call at T+15 bps | |
Optional Redemption at Par: | On or after July 15, 2027 | |
Trade Date: | October 2, 2017 | |
Settlement Date: | October 10, 2017 (T+5) | |
CUSIP: | 976826BL0 | |
ISIN: | US976826BL07 | |
Anticipated Ratings*: | A2/A (Moodys/ S&P) | |
Joint Book-Running Managers: | Goldman Sachs & Co. LLC J.P. Morgan Securities LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated | |
Co-Managers: | MUFG Securities Americas Inc. U.S. Bancorp Investments, Inc. The Williams Capital Group, L.P. |
* 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 Securities & Exchange Commission (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 that 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, you may request a copy of these documents from Goldman Sachs & Co. LLC by calling 1-866-471-2526, from J.P. Morgan Securities LLC by calling (212) 834-4533 (collect) or from Merrill Lynch, Pierce, Fenner & Smith Incorporated by calling 1-800-294-1322.