0001193125-15-230382.txt : 20150622 0001193125-15-230382.hdr.sgml : 20150622 20150622155304 ACCESSION NUMBER: 0001193125-15-230382 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20150622 DATE AS OF CHANGE: 20150622 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NORTHERN STATES POWER CO /WI/ CENTRAL INDEX KEY: 0000072909 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 390508315 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-203664-02 FILM NUMBER: 15944810 BUSINESS ADDRESS: STREET 1: 1414 W HAMILTON AVE CITY: EAU CLAIRE STATE: WI ZIP: 54702 BUSINESS PHONE: 7158392621 MAIL ADDRESS: STREET 1: P O BOX 8 CITY: EAU CLAIRE STATE: WI ZIP: 54702-008 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NORTHERN STATES POWER CO /WI/ CENTRAL INDEX KEY: 0000072909 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 390508315 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 1414 W HAMILTON AVE CITY: EAU CLAIRE STATE: WI ZIP: 54702 BUSINESS PHONE: 7158392621 MAIL ADDRESS: STREET 1: P O BOX 8 CITY: EAU CLAIRE STATE: WI ZIP: 54702-008 FWP 1 d946838dfwp.htm FREE WRITING PROSPECTUS Free Writing Prospectus

Free Writing Prospectus

Filed Pursuant to Rule 433

Registration Statement No. 333-203664-02

Northern States Power Company

(a Wisconsin corporation)

$100,000,000 3.30% FIRST MORTGAGE BONDS, SERIES DUE JUNE 15, 2024

 

Issuer: Northern States Power Company (a Wisconsin corporation)

Issue Format:

 SEC Registered

Expected Ratings*:

 Aa3/A/A+ (Stable/Stable/Stable) (Moody’s/Standard & Poor’s/Fitch)

Security Type:

 First Mortgage Bonds

Pricing Date:

 June 22, 2015

Settlement Date:

 June 29, 2015 (T+5)

Interest Payment Dates:

 Semi-annually on June 15 and December 15, commencing on December 15, 2015

Principal Amount:

 $100,000,000 (Reopening of 3.30% First Mortgage Bonds, Series due June 15, 2024, of which $100,000,000 was previously issued on June 23, 2014), for a total amount outstanding of $200,000,000.

Maturity Date:

 June 15, 2024

Reference Benchmark:

 2.125% due May 15, 2025

Benchmark Price:

 97-30+

Benchmark Yield:

 2.358%

Re-offer Spread:

 +105 bps

Re-offer Yield:

 3.408%

Coupon:

 3.30% (interest on the First Mortgage Bonds will accrue from June 15, 2015)

Price to Public:

 99.171% plus accrued interest from June 15, 2015 to but excluding June 29, 2015 (the total amount of accrued interest on June 29, 2015 will be $1.28 per $1,000 principal amount of First Mortgage Bonds)

Net Proceeds to Issuer:

 $98,521,000 (before transaction expenses)

Make-Whole Call:

 Prior to December 15, 2023, T +15 bps

Par Call:

 On or after December 15, 2023

CUSIP/ISIN:

 665789AY9/US665789AY98

Minimum Denominations:

 $1,000

Joint Book-Running Managers:

J.P. Morgan Securities LLC

Merrill Lynch, Pierce, Fenner & Smith

                     Incorporated

*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.

The issuer has filed a registration statement (including a prospectus) with 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 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 website at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling J.P. Morgan Securities LLC, collect at 1-212-834-4533 or Merrill Lynch, Pierce, Fenner & Smith Incorporated, toll free at 1-800-294-1322.