-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PyG8WHwWheQFAQMoq4YYYX8jW9YAMKdinD6+gQAW4bjBUIsF4mZU1STe11XVISxe oFLyjm8NEYYTKBKbwfYGMg== 0000950144-08-008527.txt : 20081112 0000950144-08-008527.hdr.sgml : 20081111 20081112172838 ACCESSION NUMBER: 0000950144-08-008527 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20081112 DATE AS OF CHANGE: 20081112 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Duke Energy Carolinas, LLC CENTRAL INDEX KEY: 0000030371 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 560205520 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-146483-03 FILM NUMBER: 081181942 BUSINESS ADDRESS: STREET 1: 526 SOUTH CHURCH STREET STREET 2: EC03T CITY: CHARLOTTE STATE: NC ZIP: 28202 BUSINESS PHONE: 704-594-6200 MAIL ADDRESS: STREET 1: 526 SOUTH CHURCH STREET STREET 2: EC03T CITY: CHARLOTTE STATE: NC ZIP: 28202 FORMER COMPANY: FORMER CONFORMED NAME: Duke Power CO LLC DATE OF NAME CHANGE: 20060403 FORMER COMPANY: FORMER CONFORMED NAME: DUKE ENERGY CORP DATE OF NAME CHANGE: 19970618 FORMER COMPANY: FORMER CONFORMED NAME: DUKE POWER CO /NC/ DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Duke Energy Carolinas, LLC CENTRAL INDEX KEY: 0000030371 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 560205520 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 526 SOUTH CHURCH STREET STREET 2: EC03T CITY: CHARLOTTE STATE: NC ZIP: 28202 BUSINESS PHONE: 704-594-6200 MAIL ADDRESS: STREET 1: 526 SOUTH CHURCH STREET STREET 2: EC03T CITY: CHARLOTTE STATE: NC ZIP: 28202 FORMER COMPANY: FORMER CONFORMED NAME: Duke Power CO LLC DATE OF NAME CHANGE: 20060403 FORMER COMPANY: FORMER CONFORMED NAME: DUKE ENERGY CORP DATE OF NAME CHANGE: 19970618 FORMER COMPANY: FORMER CONFORMED NAME: DUKE POWER CO /NC/ DATE OF NAME CHANGE: 19920703 FWP 1 g16046fwfwp.htm FWP FWP
Filed pursuant to Rule 433
November 12, 2008
Relating to
Preliminary Prospectus Supplement dated November 12, 2008 to
Prospectus dated October 3, 2007
Registration Statement No. 333-146483-03
Duke Energy Carolinas, LLC
First and Refunding Mortgage Bonds,
$400,000,000 5.75% Series C Due 2013
$500,000,000 7.00% Series C Due 2018
Pricing Term Sheet
                 
 
Issuer:
    Duke Energy Carolinas, LLC  
 
Ratings (Moody’s/ S&P):
    A2 / A (stable/positive)  
 
Settlement:
    November 17, 2008; T+3  
 
Interest Payment Dates:
    May 15 and November 15, commencing May 15, 2009  
 
Use of Proceeds:
    The net proceeds from the sale of the Mortgage Bonds will be used to (i) repay approximately $260 million outstanding under our Amended and Restated Credit Agreement; (ii) repay $200 million aggregate principal amount of our 5.375% Senior Notes due January 1, 2009; (iii) replenish the cash we used to repay $300 million aggregate principal amount of our 4.20% Senior Notes at their maturity on October 1, 2008; and (iv) for general company purposes.  
 
Security Description:
    First and Refunding Mortgage Bonds,
5.75% Series C Due 2013 		    First and Refunding Mortgage Bonds,
7.00% Series C Due 2018		  
 
Principal Amount:
    $400,000,000     $500,000,000  
 
Maturity:
    November 15, 2013     November 15, 2018  
 
Coupon:
    5.75%     7.00%  
 
Benchmark Treasury:
    2.75% due October 31, 2013     4.00% due August 15, 2018  
 
Benchmark Treasury Yield:
    2.354%     3.641%  
 
Spread to Benchmark Treasury:
    +345 bp     +340 bp  
 
Yield to Maturity:
    5.804%     7.041%  
 
Initial Price to Public:
    99.769% per Bond     99.710% per Bond  
 
Redemption Provisions:
              
 
Make-Whole Call:
    +50 bp     +50 bp  
 
CUSIP:
    26442C AF1     26442C AG9  
 
Book-Running Managers:
    Barclays Capital Inc.
Citigroup Global Markets Inc.
Credit Suisse Securities (USA) LLC		        
 
Co-Managers:
    BBVA Securities Inc.
BNP Paribas Securities Corp.
KeyBanc Capital Markets Inc.
Mitsubishi UFJ Securities International plc		        
 
Junior Co-Managers:
    Cabrera Capital Markets, LLC
Wells Fargo Securities, 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 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 Barclays Capital Inc. toll free at 1-888-227-2275 (ext. 2663), Citigroup Global Markets Inc. toll free at 1-877-858-5407, or Credit Suisse Securities (USA) LLC toll free at 1-800-221-1037.

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