Issuer:
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Northern States Power Company (a Wisconsin corporation)
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Issue Format:
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SEC Registered
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Expected Ratings*:
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Aa3/A/A+ (Stable/Stable/Stable) (Moody’s/Standard & Poor’s/Fitch)
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Security Type:
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First Mortgage Bonds
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Pricing Date:
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June 16, 2014
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Settlement Date:
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June 23, 2014 (T+5)
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Interest Payment Dates:
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Semi-annually on June 15 and December 15, commencing December 15, 2014
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Principal Amount:
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$100,000,000
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Maturity Date:
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June 15, 2024
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Reference Benchmark:
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2.50% due May 15, 2024
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Benchmark Price:
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99-06+
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Benchmark Yield:
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2.592%
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Re-offer Spread:
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+75 bps
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Re-offer Yield:
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3.342%
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Coupon:
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3.30%
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Price to Public:
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99.647%
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Net Proceeds to Issuer:
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$98,997,000 (before transaction expenses)
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Make-Whole Call:
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Prior to December 15, 2023, T +15 bps
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Par Call:
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On or after December 15, 2023
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CUSIP/ISIN:
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665789AY9/US665789AY98
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Minimum Denominations:
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$1,000
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Joint Book-Running Managers:
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Citigroup Global Markets Inc.
Wells Fargo Securities, LLC
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