0001104659-15-038144.txt : 20150514 0001104659-15-038144.hdr.sgml : 20150514 20150514153730 ACCESSION NUMBER: 0001104659-15-038144 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20150514 DATE AS OF CHANGE: 20150514 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ARIZONA PUBLIC SERVICE CO CENTRAL INDEX KEY: 0000007286 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 860011170 STATE OF INCORPORATION: AZ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-203578-01 FILM NUMBER: 15862512 BUSINESS ADDRESS: STREET 1: 400 N FIFTH ST STREET 2: P O BOX 53999 CITY: PHOENIX STATE: AZ ZIP: 85004 BUSINESS PHONE: 6022501000 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ARIZONA PUBLIC SERVICE CO CENTRAL INDEX KEY: 0000007286 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 860011170 STATE OF INCORPORATION: AZ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 400 N FIFTH ST STREET 2: P O BOX 53999 CITY: PHOENIX STATE: AZ ZIP: 85004 BUSINESS PHONE: 6022501000 FWP 1 a15-10395_3fwp.htm FWP

 

Filed under Rule 433
File No. 333-203578-01

 

Final Term Sheet

 

Arizona Public Service Company

 

$300,000,000 3.15% Notes due 2025

 

May 14, 2015

 

Issuer:

 

Arizona Public Service Company

 

 

 

Expected Ratings (Moody’s / S&P / Fitch):

 

A3 / A- / A- (Moody’s / S&P / Fitch)
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.

 

 

 

Security:

 

3.15% Notes due 2025

 

 

 

Principal Amount:

 

$300,000,000

 

 

 

Trade Date:

 

May 14, 2015

 

 

 

Settlement Date:

 

May 19, 2015 (T+3)

 

 

 

Interest Payment Dates:

 

May 15 and November 15, commencing November 15, 2015

 

 

 

Maturity Date:

 

May 15, 2025

 

 

 

Interest Rate:

 

3.15%

 

 

 

Benchmark Treasury:

 

2.00% due February 15, 2025

 

 

 

Benchmark Treasury Price / Yield:

 

97-23 / 2.262%

 

 

 

Spread to Benchmark Treasury:

 

+95 basis points

 

 

 

Yield to Maturity:

 

3.212%

 

 

 

Public Offering Price:

 

99.474% per note

 

 

 

Optional Redemption:

 

Make-whole call at any time prior to February 15, 2025 at Treasury rate plus 15 basis points and, thereafter, at par

 


 

CUSIP/ISIN:

 

040555CS1 / US040555CS19

 

 

 

Joint Book-Running Managers:

 

BNY Mellon Capital Markets, LLC

 

 

J.P. Morgan Securities LLC

 

 

Mitsubishi UFJ Securities (USA), Inc.

 

 

U.S. Bancorp Investments, Inc.

 

 

 

Co-Managers:

 

Blaylock Beal Van, LLC

 

 

Drexel Hamilton, LLC

 

 

The Williams Capital Group, L.P.

 

Arizona Public Service Company has filed a registration statement (including a prospectus, as supplemented) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates.  Before you invest, you should read the prospectus (as supplemented) in that registration statement and other documents Arizona Public Service Company has filed with the SEC for more complete information about Arizona Public Service Company and this offering.  You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.  Alternatively, Arizona Public Service Company, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling BNY Mellon Capital Markets, LLC toll free at 1-800-369-6864, J.P. Morgan Securities LLC collect at 1-212-834-4533, Mitsubishi UFJ Securities (USA), 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 were automatically generated as a result of this communication being sent via email or another communication system.

 

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