0000004904-23-000139.txt : 20231206 0000004904-23-000139.hdr.sgml : 20231206 20231206163317 ACCESSION NUMBER: 0000004904-23-000139 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20231206 DATE AS OF CHANGE: 20231206 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN ELECTRIC POWER CO INC CENTRAL INDEX KEY: 0000004904 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 134922640 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-275345 FILM NUMBER: 231470025 BUSINESS ADDRESS: STREET 1: 1 RIVERSIDE PLAZA CITY: COLUMBUS STATE: OH ZIP: 43215 BUSINESS PHONE: 614-716-1000 MAIL ADDRESS: STREET 1: 1 RIVERSIDE PLAZA CITY: COLUMBUS STATE: OH ZIP: 43215 FORMER COMPANY: FORMER CONFORMED NAME: KINGSPORT UTILITIES INC DATE OF NAME CHANGE: 19660906 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN ELECTRIC POWER CO INC CENTRAL INDEX KEY: 0000004904 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 134922640 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 1 RIVERSIDE PLAZA CITY: COLUMBUS STATE: OH ZIP: 43215 BUSINESS PHONE: 614-716-1000 MAIL ADDRESS: STREET 1: 1 RIVERSIDE PLAZA CITY: COLUMBUS STATE: OH ZIP: 43215 FORMER COMPANY: FORMER CONFORMED NAME: KINGSPORT UTILITIES INC DATE OF NAME CHANGE: 19660906 FWP 1 a12-2023aepfwp.htm FWP Document

Filed pursuant to Rule 433
Registration No. 333-275345
December 6, 2023
PRICING TERM SHEET

Issuer:American Electric Power Company, Inc.
Transaction Date:December 6, 2023
Settlement Date:December 8, 2023 (T+2)
Designation:Senior Notes, Series R, due 2029
Principal Amount:$1,000,000,000
Maturity:January 15, 2029
Coupon:5.20%
Interest Payment Dates:January 15 and July 15
First Interest Payment Date:July 15, 2024
Day Count Convention:30/360
Benchmark Treasury:4.375% due November 30, 2028
Benchmark Treasury Yield:4.109%
Reoffer Spread:T+112.5 basis points
Yield to Maturity:5.234%
Price to Public:99.841% of the principal amount thereof
Redemption Terms:


Make-whole call:Prior to December 15, 2028, at a discount rate of the Treasury Rate plus 20 basis points
Par call:On or after December 15, 2028 at par
Use of Proceeds:The issuer estimates that the net proceeds from the sale of the Notes offered hereby, after deducting the underwriting discounts and its estimated offering expenses, will be approximately $990 million and will be used to repay at maturity the $805,000,000 aggregate principal amount of its 2.031% Junior Subordinated Debentures maturing on March 15, 2024 and for general corporate purposes, which may include the repayment of short-term indebtedness. If the issuer does not use the net proceeds immediately, it will temporarily invest them in short-term, interest-bearing obligations.
CUSIP/ISIN:025537AY7/ US025537AY74
Minimum Denomination:$2,000 and integral multiples of $1,000 in excess thereof
Joint Book-Running Managers:Barclays Capital Inc.
BofA Securities, Inc.
Goldman Sachs & Co. LLC
U.S. Bancorp Investments, Inc.
Wells Fargo Securities, LLC
Co-Managers:Fifth Third Securities, Inc.
Huntington Securities, Inc.
CAVU Securities LLC
Drexel Hamilton, LLC
Loop Capital Markets LLC
Siebert Williams Shank & Co., LLC
Ratings*:Baa2 (Stable) by Moody’s Investors Service, Inc.
BBB+ (Negative) by S&P Global Ratings, a division of S&P Global Inc.
BBB (Stable) by Fitch Ratings, 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 Barclays Capital Inc. toll-free at (888) 603-5847, BofA Securities, Inc. toll-free at (800) 294-1322 or by email at dg.prospectus_requests@bofa.com, Goldman Sachs & Co. LLC toll-free at (866) 471-2526, U.S. Bancorp Investments, Inc. toll-free at (877) 558-2607 or Wells Fargo Securities, LLC toll-free at (800) 645-3751.