0001193125-16-674930.txt : 20160808 0001193125-16-674930.hdr.sgml : 20160808 20160808150702 ACCESSION NUMBER: 0001193125-16-674930 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20160808 DATE AS OF CHANGE: 20160808 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CENTERPOINT ENERGY HOUSTON ELECTRIC LLC CENTRAL INDEX KEY: 0000048732 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 223865106 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-193695-02 FILM NUMBER: 161813854 BUSINESS ADDRESS: STREET 1: 1111 LOUISIANA CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7132073000 MAIL ADDRESS: STREET 1: 611 WALKER CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: RELIANT ENERGY INC DATE OF NAME CHANGE: 19990513 FORMER COMPANY: FORMER CONFORMED NAME: HOUSTON INDUSTRIES INC DATE OF NAME CHANGE: 19970807 FORMER COMPANY: FORMER CONFORMED NAME: HOUSTON LIGHTING & POWER CO DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CENTERPOINT ENERGY HOUSTON ELECTRIC LLC CENTRAL INDEX KEY: 0000048732 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 223865106 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 1111 LOUISIANA CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7132073000 MAIL ADDRESS: STREET 1: 611 WALKER CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: RELIANT ENERGY INC DATE OF NAME CHANGE: 19990513 FORMER COMPANY: FORMER CONFORMED NAME: HOUSTON INDUSTRIES INC DATE OF NAME CHANGE: 19970807 FORMER COMPANY: FORMER CONFORMED NAME: HOUSTON LIGHTING & POWER CO DATE OF NAME CHANGE: 19920703 FWP 1 d219042dfwp.htm FWP FWP

Filed Pursuant to Rule 433

Registration No. 333-193695-02

August 8, 2016

PRICING TERM SHEET

(to Preliminary Prospectus Supplement dated August 8, 2016)

 

Issuer:    CenterPoint Energy Houston Electric, LLC
Security:    2.40% General Mortgage Bonds, Series Z, due 2026
Legal Format:    SEC Registered
Anticipated Ratings*:    A1/A/A (Moody’s/S&P/Fitch)
Size:    $300,000,000
Trade Date:    August 8, 2016
Expected Settlement Date:    August 11, 2016
Maturity Date:    September 1, 2026
Interest Payment Dates:    March 1 and September 1, commencing March 1, 2017
Coupon:    2.40%
Price to Public:    99.884%
Benchmark Treasury:    1.625% due May 15, 2026
Benchmark Treasury Yield:    1.583%
Spread to Benchmark Treasury:    +83 basis points
Re-offer Yield:    2.413%
Optional Redemption:    Prior to June 1, 2026, greater of 100% or make-whole at a discount rate of Treasury plus 15 basis points (calculated to June 1, 2026); and on or after June 1, 2026, 100% plus, in either case, accrued and unpaid interest.
CUSIP:    15189X AQ1
Joint Book-Running Managers:   

Deutsche Bank Securities Inc.

Merrill Lynch, Pierce, Fenner & Smith

                     Incorporated

RBC Capital Markets, LLC

Senior Co-Managers:   

BNY Mellon Capital Markets, LLC

Comerica Securities, Inc.

Co-Managers:   

Loop Capital Markets LLC

Mischler Financial Group, 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 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 Merrill Lynch, Pierce, Fenner & Smith Incorporated toll free at 1-800-294-1322, Deutsche Bank Securities Inc. toll free at 1-800-503-4611 or RBC Capital Markets, LLC toll free at 1-866-375-6829.