0001140361-12-035286.txt : 20120806 0001140361-12-035286.hdr.sgml : 20120806 20120806162741 ACCESSION NUMBER: 0001140361-12-035286 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120806 DATE AS OF CHANGE: 20120806 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NORTHERN STATES POWER CO CENTRAL INDEX KEY: 0001123852 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 411967505 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-182331 FILM NUMBER: 121010102 BUSINESS ADDRESS: STREET 1: 414 NICOLLET MALL CITY: MINNEAPOLIS STATE: MN ZIP: 55401 BUSINESS PHONE: 6123305500 MAIL ADDRESS: STREET 1: 414 NICOLLET MALL CITY: MINNEAPOLIS STATE: MN ZIP: 55401 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NORTHERN STATES POWER CO CENTRAL INDEX KEY: 0001123852 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 411967505 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 414 NICOLLET MALL CITY: MINNEAPOLIS STATE: MN ZIP: 55401 BUSINESS PHONE: 6123305500 MAIL ADDRESS: STREET 1: 414 NICOLLET MALL CITY: MINNEAPOLIS STATE: MN ZIP: 55401 FWP 1 formfwp.htm NORTHERN STATES POWER CO - MINNESOTA FWP 8-6-2012 formfwp.htm
Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-182331
 
NORTHERN STATES POWER COMPANY
(a Minnesota corporation)
 
$300,000,000 2.15% FIRST MORTGAGE BONDS, SERIES DUE AUGUST 15, 2022
$500,000,000 3.40% FIRST MORTGAGE BONDS, SERIES DUE AUGUST 15, 2042
 
Issuer:
Northern States Power Company (a Minnesota corporation)
Issue Format:
SEC Registered
Expected Ratings*:
A1/A/A+ (Stable/Stable/Stable) (Moody’s/Standard & Poor’s/Fitch)
Security Type:
First Mortgage Bonds
Pricing Date:
August 6, 2012
Settlement Date:
August 13, 2012 (T+5)
Interest Payment Dates:
Each February 15 and August 15, commencing February 15, 2013
Principal Amount:
$300,000,000
$500,000,000
Maturity Date:
August 15, 2022
August 15, 2042
Reference Benchmark:
1.750% due May 15, 2022
3.125% due February 15, 2042
Benchmark Price:
101–29+
110–17
Benchmark Yield:
1.537%
2.611%
Re-offer Spread:
+63 bps
+83 bps
Re-offer Yield:
2.167%
3.441%
Coupon:
2.15%
3.40%
Issue Price to Public:
99.848%
99.236%
Net Proceeds to Issuer: $297,594,000 (before transaction expenses) $491,805,000 (before transaction expenses)
Make-Whole Call:
Prior to February 15, 2022, T+10 bps
Prior to February 15, 2042, T+15 bps
Par Call:
On or after February 15, 2022
On or after February 15, 2042
CUSIP/ISIN:
665772CH0/US665772CH05
665772CJ6/US665772CJ60
Minimum Denominations: $1,000  
Joint Bookrunners:
Barclays Capital Inc.
J.P. Morgan Securities LLC
KeyBanc Capital Markets Inc.
UBS Securities LLC
Wells Fargo Securities, LLC
  
Co-Managers:
BNY Mellon Capital Markets, LLC
BMO Capital Markets Corp.
  

* 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 website 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 J.P. Morgan Securities LLC, collect at 1-212-834-4533, UBS Securities LLC, toll free at 877-827-6444, ext. 561 3884 or Wells Fargo Securities, LLC, toll free at 1-800-326-5897.