-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JV/4hMDJ/cxISTjJIyNMFahy1uMQoLiVsDiqV+D8HN8+V2OixJhYbC4lOMmkaqt1 U5/hDnMiZJwKJ8yY8pwhLw== 0000073020-96-000013.txt : 19961011 0000073020-96-000013.hdr.sgml : 19961011 ACCESSION NUMBER: 0000073020-96-000013 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19961010 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTHWEST NATURAL GAS CO CENTRAL INDEX KEY: 0000073020 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS DISTRIBUTION [4924] IRS NUMBER: 930256722 STATE OF INCORPORATION: OR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 033-64014 FILM NUMBER: 96641421 BUSINESS ADDRESS: STREET 1: 220 NW SECOND AVE CITY: PORTLAND STATE: OR ZIP: 97209 BUSINESS PHONE: 5032264211 424B3 1 PRICING SUPPLEMENT NO. 14 Pricing Supplement No. 14 Filing under Rule 424(b)(3) Dated October 8, 1996 Registration No. 33-64014 (To Prospectus dated June 17, 1993) $150,000,000 NORTHWEST NATURAL GAS COMPANY Secured Medium-Term Notes, Series B (A Series of First Mortgage Bonds) and Unsecured Medium-Term Notes, Series B Due from Nine Months to 30 Years from Date of Issue CUSIP No.: 66765R AV 8 Secured X Unsecured ----- ----- Principal amount ($): $20,000,000 Issue price (%): 100.00% Selling Agent's commission (%): .625% Proceeds to Company (%): 99.375% Repayable at the option of holder: Yes x No ---- ---- Repayment Date: October 15, 2008 Repayment Price: 96.0% Election Period: August 15, 2008 through September 15, 2008 Other Terms: See page 2, "Repayment at Option of Holder" Selling Agent: Merrill Lynch & Co. X ---- PaineWebber Incorporated X ---- Stated interest rate (%): 7.05% Maturity date: October 15, 2026 Original issue date: October 15, 1996 Redeemable: Yes No X ---- ---- In whole ----- In whole or in part ----- Initial redemption date: Not Applicable Initial redemption price: Not Applicable Reduction Percentage: Not Applicable Redemption limitation date: Not Applicable THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PRICING SUPPLEMENT OR THE ACCOMPANYING PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. REPAYMENT AT OPTION OF HOLDER Each Secured Note offered hereby ("Note") will be repayable by the Company at the option of the registered holder thereof on October 15, 2008, at 96.0% of its principal amount, together with interest payable to the date of repayment. For any Note to be repaid, the Company must receive such Note at its office or agency in the Borough of Manhattan, The City of New York (currently, the office of the Corporate Trustee), within the period commencing August 15, 2008, and ending at the close of business on September 15, 2008 (or, if such September 15 shall not be a business day, the next succeeding business day), together with the form entitled "Option to Elect Repayment" on the reverse of, or otherwise accompanying, such Note duly completed. Any such election so received by the Company within such period shall be irrevocable. The repayment option may be exercised by the registered holder of a Note for less than the entire principal amount of such Note, provided that the principal amount to be repaid is equal to $1,000 or an integral multiple of $1,000. All questions as to the validity, eligibility (including time of receipt) and acceptance of any Note for repayment will be determined by the Corporate Trustee, whose determination will be final and binding. So long as the Depository or the Depository's nominee is the registered holder of the Notes, the Depository or such nominee will be the only entity that can exercise the repayment option, and repayment will be made in accordance with the Depository's repayment procedures in effect at the time. See "Book-Entry System" in the accompanying Prospectus. In order to ensure that the Depository or its nominee will timely exercise a repayment option with respect to a particular beneficial interest in the Notes, the Beneficial Owner of such interest must instruct the broker or other Direct or Indirect Participant through which it holds such interest to notify the Depository of its election to exercise the repayment option. In addition, the Beneficial Owner must effect delivery of such interest at the time such notice of election is given to the Depository by causing the broker or other Direct or Indirect Participant through which it holds such interest to transfer such interest on the Depository's records to the Corporate Trustee. Different firms have different deadlines for accepting instructions from their customers and, accordingly, each Beneficial Owner should consult the broker or other Direct or Indirect Participant through which it holds an interest in the Notes in order to ascertain the deadline by which such instruction must be given in order for timely notice to be delivered to the Depository. -----END PRIVACY-ENHANCED MESSAGE-----