0001193125-21-331166.txt : 20211116 0001193125-21-331166.hdr.sgml : 20211116 20211116155555 ACCESSION NUMBER: 0001193125-21-331166 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20211116 DATE AS OF CHANGE: 20211116 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INTERSTATE POWER & LIGHT CO CENTRAL INDEX KEY: 0000052485 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 420331370 STATE OF INCORPORATION: IA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-251353-01 FILM NUMBER: 211415942 BUSINESS ADDRESS: STREET 1: 200 FIRST ST SE STREET 2: ALLIANT ENERGY TOWER CITY: CEDAR RAPIDS STATE: IA ZIP: 52401 BUSINESS PHONE: 3193984411 MAIL ADDRESS: STREET 1: 200 FIRST ST SE STREET 2: ALLIANT ENERGY TOWER CITY: CEDAR RAPIDS STATE: IA ZIP: 52401 FORMER COMPANY: FORMER CONFORMED NAME: IES UTILITIES INC DATE OF NAME CHANGE: 20020103 FORMER COMPANY: FORMER CONFORMED NAME: IES UTILITIES INC DATE OF NAME CHANGE: 19940107 FORMER COMPANY: FORMER CONFORMED NAME: IOWA ELECTRIC LIGHT & POWER CO DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: INTERSTATE POWER & LIGHT CO CENTRAL INDEX KEY: 0000052485 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 420331370 STATE OF INCORPORATION: IA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 200 FIRST ST SE STREET 2: ALLIANT ENERGY TOWER CITY: CEDAR RAPIDS STATE: IA ZIP: 52401 BUSINESS PHONE: 3193984411 MAIL ADDRESS: STREET 1: 200 FIRST ST SE STREET 2: ALLIANT ENERGY TOWER CITY: CEDAR RAPIDS STATE: IA ZIP: 52401 FORMER COMPANY: FORMER CONFORMED NAME: IES UTILITIES INC DATE OF NAME CHANGE: 20020103 FORMER COMPANY: FORMER CONFORMED NAME: IES UTILITIES INC DATE OF NAME CHANGE: 19940107 FORMER COMPANY: FORMER CONFORMED NAME: IOWA ELECTRIC LIGHT & POWER CO DATE OF NAME CHANGE: 19920703 FWP 1 d234876dfwp.htm FWP FWP

Filed Pursuant to Rule 433

Dated November 16, 2021

Registration Statement No. 333-251353-01

INTERSTATE POWER AND LIGHT COMPANY

Final Term Sheet

Dated November 16, 2021

 

Issuer:    Interstate Power and Light Company (the “Company”)
Security Type:    Senior Debentures
Principal Amount:    $300,000,000
Maturity Date:    November 30, 2051
Coupon:    3.100%
Price to Public:    99.573% of the principal amount
Yield to Maturity:    3.122%
Benchmark Treasury:    2.000% due August 15, 2051
Benchmark Treasury Yield:    2.022%
Spread to Benchmark Treasury:    +110 bps
Interest Payment Dates:    May 30 and November 30, commencing May 30, 2022
Optional Redemption – Reinvestment Rate:    Prior to May 30, 2051, make-whole call at T+20 bps
Optional Redemption at Par:    On or after May 30, 2051
Trade Date:    November 16, 2021
Settlement Date:    November 19, 2021 (T+3)
CUSIP:    461070 AT1
ISIN:    US461070AT14
Denominations / Multiples:    $2,000 x $1,000
Anticipated Ratings*:    Baa1 / A- (Moody’s/ S&P)
Joint Book-Running Managers:   

Goldman Sachs & Co. LLC
J.P. Morgan Securities LLC

MUFG Securities Americas Inc.
U.S. Bancorp Investments, Inc.

Co-Managers:   

KeyBanc Capital Markets Inc.
Mizuho Securities USA LLC

Samuel A. Ramirez & Company, Inc.

   TD Securities (USA) LLC

* A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

It is expected that delivery of the Senior Debentures will be made against payment therefor on or about November 19, 2021, which will be the third business day following the date of pricing of the Senior Debentures. Under Rule 15c6-1 of the Securities Exchange Act of 1934, trades in the secondary market generally are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, by virtue of the fact that the Senior Debentures initially will settle in T+3, purchasers who wish to trade the Senior Debentures on any date prior to the second business day before delivery should specify an extended settlement cycle at the time they enter into any such trade to prevent failed settlement and should consult their own advisors.

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 by calling Goldman Sachs & Co. LLC toll free at 1-866-471-2526, J.P. Morgan Securities LLC collect at 1-212-834-4533, MUFG Securities Americas Inc. toll free at 1-877-649-6848 or U.S. Bancorp Investments, Inc. toll free at 1-877-558-2607.

Any disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such disclaimers and other notices were automatically generated as a result of this communication being sent via Bloomberg or another email system.