Issuer: | American Electric Power Company, Inc. | ||||||||||
Transaction Date: | February 27, 2023 | ||||||||||
Settlement Date: | March 1, 2023 (T+2) | ||||||||||
Designation: | Senior Notes, Series Q, due 2033 | ||||||||||
Principal Amount: | $850,000,000 | ||||||||||
Maturity: | March 1, 2033 | ||||||||||
Coupon: | 5.625% | ||||||||||
Interest Payment Dates: | March 1 and September 1 | ||||||||||
First Interest Payment Date: | September 1, 2023 | ||||||||||
Day Count Convention: | 30/360 | ||||||||||
Benchmark Treasury: | 3.500% due February 15, 2033 | ||||||||||
Benchmark Treasury Yield: | 3.924% | ||||||||||
Reoffer Spread: | T+175 basis points | ||||||||||
Yield to Maturity: | 5.674% | ||||||||||
Price to Public: | 99.630% of the principal amount thereof | ||||||||||
Redemption Terms: | |||||||||||
Make-whole call: | Prior to December 1, 2032, at a discount rate of the Treasury Rate plus 30 basis points | ||||||||||
Par call: | On or after December 1, 2032 at par | ||||||||||
CUSIP/ISIN: | 025537AX9/ US025537AX91 | ||||||||||
Minimum Denomination: | $2,000 and integral multiples of $1,000 in excess thereof | ||||||||||
Joint Book-Running Managers: | Barclays Capital Inc KeyBanc Capital Markets Inc. MUFG Securities Americas Inc. TD Securities (USA) LLC U.S. Bancorp Investments, Inc. | ||||||||||
Co-Managers: | AmeriVet Securities, Inc. Fifth Third Securities, Inc. Huntington Securities, Inc. Siebert Williams Shank & Co., LLC | ||||||||||
Ratings*: | Baa2 (Stable) by Moody’s Investors Service, Inc. BBB+ (Stable) by S&P Global Ratings, a division of S&P Global Inc. BBB (Stable) by Fitch Ratings, Inc | ||||||||||