0001104659-18-050147.txt : 20180807 0001104659-18-050147.hdr.sgml : 20180807 20180807153852 ACCESSION NUMBER: 0001104659-18-050147 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20180807 DATE AS OF CHANGE: 20180807 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: 333-224366-01 FILM NUMBER: 18997765 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 a18-14019_2fwp.htm FWP

 

Filed under Rule 433
File No. 333-224366-01

 

Final Term Sheet

 

Arizona Public Service Company

 

$300,000,000 4.20% Notes due 2048

 

August 7, 2018

 

Issuer:

 

Arizona Public Service Company

 

 

 

Expected Ratings:

 

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:

 

August 7, 2018

 

 

 

Settlement Date:

 

August 9, 2018 (T+2)

 

 

 

Security:

 

4.20% Notes due 2048

 

 

 

Principal Amount:

 

$300,000,000

 

 

 

Interest Payment Dates:

 

February 15 and August 15, commencing February 15, 2019

 

 

 

Maturity Date:

 

August 15, 2048

 

 

 

Interest Rate:

 

4.20%

 

 

 

Benchmark Treasury:

 

3.00% due February 15, 2048

 

 

 

Benchmark Treasury Price / Yield:

 

97-21 / 3.122%

 

 

 

Spread to Benchmark Treasury:

 

+112 basis points

 

 

 

Yield to Maturity:

 

4.242%

 

 

 

Public Offering Price:

 

99.290% per note

 

 

 

Optional Redemption:

 

Make-whole call at any time prior to February 15, 2048 at Treasury rate plus 20 basis points and, thereafter, at par

 

 

 

CUSIP/ISIN:

 

040555CX0 / US040555CX04

 

 

 

Joint Book-Running Managers:

 

BNY Mellon Capital Markets, LLC

 

 

J.P. Morgan Securities LLC

 

 

PNC Capital Markets LLC

 


 

 

 

RBC Capital Markets, LLC

 

 

TD Securities (USA) 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 BNY Mellon Capital Markets, LLC toll-free at (800) 269-6864, J.P. Morgan Securities LLC collect at (212) 834-4533, PNC Capital Markets LLC toll-free at (855) 881-0697, RBC Capital Markets, LLC toll-free at (866) 375-6829 and TD Securities (USA) LLC toll-free at (855) 495-9846.

 

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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