Filed Pursuant to Rule 433
Dated September 19, 2018
Registration Statement No. 333-222076-02
INTERSTATE POWER AND LIGHT COMPANY
$500,000,000 4.100% Senior Debentures due 2028
Final Term Sheet
Dated September 19, 2018
Issuer: | Interstate Power and Light Company | |
Security Type: | Senior Debentures | |
Principal Amount: | $500,000,000 | |
Maturity Date: | September 26, 2028 | |
Coupon: | 4.100% | |
Price to Public: | 99.748% of the principal amount | |
Yield to Maturity: | 4.131% | |
Benchmark Treasury: | 2.875% UST due August 15, 2028 | |
Benchmark Treasury Yield: | 3.081% | |
Spread to Benchmark Treasury: | +105 bps | |
Interest Payment Dates: | March 26 and September 26, commencing on March 26, 2019 | |
Optional Redemption Reinvestment Rate: | Prior to June 26, 2028, make-whole call at Treasury +20 bps | |
Optional Redemption at Par: | On or after June 26, 2028 | |
Trade Date: | September 19, 2018 | |
Settlement Date: | September 26, 2018 (T+5) | |
CUSIP: | 461070 AP9 | |
ISIN: | US461070AP91 | |
Anticipated Ratings*: | Baal/A- (Moodys/S&P) | |
Joint Book-Running Managers: | Goldman Sachs & Co. LLC MUFG Securities Americas Inc. Wells Fargo Securities, LLC | |
Co-Managers: | Comerica Securities, Inc. KeyBanc Capital Markets Inc. U.S. Bancorp Investments, Inc. Mischler Financial Group, Inc. Samuel A. Ramirez & Company, Inc. |
* A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
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The issuer has filed a registration statement (including a prospectus) with the Securities & Exchange Commission (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 that 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, you may request a copy of these documents from Goldman Sachs & Co. LLC by calling +1 (866) 471-2526 or by e-mailing prospectus-ny@ny.email.gs.com, from MUFG Securities Americas Inc. by calling +1 (877) 649-6848, or from Wells Fargo Securities, LLC by calling 1-800-645-3751 or by e-mailing wfscustomerservice@wellsfargo.com.
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