0001104659-15-075259.txt : 20151103 0001104659-15-075259.hdr.sgml : 20151103 20151103151540 ACCESSION NUMBER: 0001104659-15-075259 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20151103 DATE AS OF CHANGE: 20151103 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: 151193475 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 a15-22009_2fwp.htm FWP

 

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

 

Final Term Sheet

 

Arizona Public Service Company

 

$250,000,000 4.350% Notes due 2045

 

November 3, 2015

 

Issuer:

 

Arizona Public Service Company

 

 

 

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

 

A2 / 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.

 

 

 

Trade Date:

 

November 3, 2015

 

 

 

Settlement Date:

 

November 6, 2015 (T+3)

 

 

 

Security:

 

4.350% Notes due 2045

 

 

 

Principal Amount:

 

$250,000,000

 

 

 

Interest Payment Dates:

 

May 15 and November 15, commencing May 15, 2016

 

 

 

Maturity Date:

 

November 15, 2045

 

 

 

Interest Rate:

 

4.350%

 

 

 

Benchmark Treasury:

 

3.00% due May 15, 2045

 

 

 

Benchmark Treasury Price / Yield:

 

99-27 / 3.008%

 

 

 

Spread to Benchmark Treasury:

 

+135 basis points

 

 

 

Yield to Maturity:

 

4.358%

 

 

 

Public Offering Price:

 

99.866% per note

 

 

 

Optional Redemption:

 

Make-whole call at any time prior to May 15, 2045 at Treasury rate plus 25 basis points and, thereafter, at par

 

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CUSIP/ISIN:

 

040555 CT9 / US040555CT91

 

 

 

Joint Book-Running Managers:

 

BNP Paribas Securities Corp.

 

 

Merrill Lynch, Pierce, Fenner & Smith

 

 

Incorporated

 

 

Mizuho Securities USA Inc.

 

 

Scotia Capital (USA) Inc.

 

 

 

Co-Managers:

 

BB&T Capital Markets, a division of

 

 

BB&T Securities, LLC

 

 

KeyBanc Capital Markets Inc.

 

 

PNC Capital Markets LLC

 

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 BNP Paribas Securities Corp. toll-free at 1-800-854-5674, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll free at 1-800-294-1322, Mizuho Securities USA Inc. toll free at 1-866-271-7403 or Scotia Capital (USA) Inc. toll free at 1-800-372-3930.

 

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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