0001567619-14-000625.txt : 20141124 0001567619-14-000625.hdr.sgml : 20141124 20141124163042 ACCESSION NUMBER: 0001567619-14-000625 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20141124 DATE AS OF CHANGE: 20141124 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: EL PASO ELECTRIC CO /TX/ CENTRAL INDEX KEY: 0000031978 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 740607870 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-198989 FILM NUMBER: 141246662 BUSINESS ADDRESS: STREET 1: 100 NORTH STANTON CITY: EL PASO STATE: TX ZIP: 79901 BUSINESS PHONE: 9155435711 MAIL ADDRESS: STREET 1: 100 NORTH STANTON CITY: EL PASO STATE: TX ZIP: 79901 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: EL PASO ELECTRIC CO /TX/ CENTRAL INDEX KEY: 0000031978 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 740607870 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 100 NORTH STANTON CITY: EL PASO STATE: TX ZIP: 79901 BUSINESS PHONE: 9155435711 MAIL ADDRESS: STREET 1: 100 NORTH STANTON CITY: EL PASO STATE: TX ZIP: 79901 FWP 1 s000663x3_fwp.htm FWP

Filed pursuant to Rule 433

Registration No. 333-198989

November 24, 2014

PRICING TERM SHEET

EL PASO ELECTRIC COMPANY

$150,000,000

5.000% Senior Notes due December 1, 2044

Issuer:	El Paso Electric Company
Issue:	5.000% Senior Notes due December 1, 2044
Ratings*:	Baa1 by Moody’s Investors Service, Inc. BBB by Standard & Poor’s Ratings Services
Principal Amount:	$150,000,000
Maturity:	December 1, 2044
Coupon:	5.000%
Interest Payment Dates:	June 1 and December 1, commencing June 1, 2015
Treasury Benchmark:	3.125% due August 15, 2044
Treasury Yield:	3.023%
Reoffer Spread:	T+200 basis points
Yield to Maturity:	5.023%
Price to Public:	99.645% of the principal amount thereof
Transaction Date:	November 24, 2014
Settlement Date:	December 1, 2014 (T+4)
Redemption Terms:
Make-whole call:	Prior to June 1, 2044, callable at any time at a make-whole premium of the greater of (i) 100% of the principal amount and (ii) discounted present value at Treasury Rate plus 30 basis points
Par call:	On or after June 1, 2044, callable at any time at par
Minimum Denomination:	$1,000
CUSIP/ISIN:	283677AZ5/US283677AZ52
Joint Book-Running Managers:	J.P. Morgan Securities LLC
	Mitsubishi UFJ Securities (USA), Inc.
Senior Co-Manager:	BBVA Securities Inc.

*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 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 contacting J.P. Morgan Securities LLC collect at (212) 834-4533 or Mitsubishi UFJ Securities (USA), Inc. toll-free at (877) 649-6848.