0001193125-18-267114.txt : 20180905 0001193125-18-267114.hdr.sgml : 20180905 20180905154536 ACCESSION NUMBER: 0001193125-18-267114 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20180905 DATE AS OF CHANGE: 20180905 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: 333-224333-03 FILM NUMBER: 181055048 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 d592690dfwp.htm FREE WRITING PROSPECTUS Free Writing Prospectus

Free Writing Prospectus

Filed Pursuant to Rule 433

Registration Statement No. 333-224333-03

Northern States Power Company

(a Wisconsin corporation)

$200,000,000 4.20% FIRST MORTGAGE BONDS, SERIES DUE SEPTEMBER 1, 2048

 

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:    September 5, 2018
Settlement Date:    September 12, 2018 (T+5)
Interest Payment Dates:    Semi-annually on March 1 and September 1, commencing on March 1, 2019
Principal Amount:    $200,000,000
Maturity Date:    September 1, 2048
Reference Benchmark:    3.125% due May 15, 2048
Benchmark Price:    101-01
Benchmark Yield:    3.072%
Spread to Benchmark Treasury:    +115 bps
Yield to Maturity:    4.222%
Coupon:    4.20%
Price to Public:    99.629% of principal amount
Net Proceeds to Issuer:    $197,508,000 (after underwriting discount but before transaction expenses)
Make-Whole Call:    Prior to March 1, 2048 (the par call date), T +20 bps (calculated to the par call date)
Par Call:    On or after March 1, 2048, at par
CUSIP/ISIN:    665789 BA0/US665789BA04
Minimum Denominations:    $1,000
Joint Book-Running Managers:    Mizuho Securities USA LLC
U.S. Bancorp Investments, Inc.

*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 Mizuho Securities USA LLC, toll-free at 1-866-271-7403 or U.S. Bancorp Investments, Inc., toll-free at 1-877-558-2607.