0001104659-15-045721.txt : 20150616 0001104659-15-045721.hdr.sgml : 20150616 20150616170239 ACCESSION NUMBER: 0001104659-15-045721 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20150616 DATE AS OF CHANGE: 20150616 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PACIFICORP /OR/ CENTRAL INDEX KEY: 0000075594 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 930246090 STATE OF INCORPORATION: OR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-192267 FILM NUMBER: 15934982 BUSINESS ADDRESS: STREET 1: 825 N.E. MULTNOMAH STREET 2: SUITE 2000 CITY: PORTLAND STATE: OR ZIP: 97232 BUSINESS PHONE: 5038135608 MAIL ADDRESS: STREET 1: 825 N E MULTNOMAH STREET 2: STE 2000 CITY: PORTLAND STATE: OR ZIP: 97232 FORMER COMPANY: FORMER CONFORMED NAME: PC/UP&L MERGING CORP DATE OF NAME CHANGE: 19890628 FORMER COMPANY: FORMER CONFORMED NAME: PACIFICORP /ME/ DATE OF NAME CHANGE: 19890628 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PACIFICORP /OR/ CENTRAL INDEX KEY: 0000075594 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 930246090 STATE OF INCORPORATION: OR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 825 N.E. MULTNOMAH STREET 2: SUITE 2000 CITY: PORTLAND STATE: OR ZIP: 97232 BUSINESS PHONE: 5038135608 MAIL ADDRESS: STREET 1: 825 N E MULTNOMAH STREET 2: STE 2000 CITY: PORTLAND STATE: OR ZIP: 97232 FORMER COMPANY: FORMER CONFORMED NAME: PC/UP&L MERGING CORP DATE OF NAME CHANGE: 19890628 FORMER COMPANY: FORMER CONFORMED NAME: PACIFICORP /ME/ DATE OF NAME CHANGE: 19890628 FWP 1 a15-13576_3fwp.htm FWP

 

Filed pursuant to Rule 433(d)

Registration No. 333-192267

Dated June 16, 2015

 

FINAL TERM SHEET

 

Issuer:

 

PacifiCorp

 

 

 

Security Type:

 

First Mortgage Bonds due 2025

 

 

 

Legal Format:

 

SEC Registered

 

 

 

Principal Amount:

 

$250,000,000

 

 

 

Coupon:

 

3.35%

 

 

 

Interest Payment Dates:

 

Semi-annually on January 1 and July 1, commencing on January 1, 2016

 

 

 

Trade Date:

 

June 16, 2015

 

 

 

Settlement Date:

 

June 19, 2015 (T+3)

 

 

 

Maturity:

 

July 1, 2025

 

 

 

Treasury Benchmark:

 

2.125% due May 15, 2025

 

 

 

US Treasury Spot:

 

98-10+

 

 

 

US Treasury Yield:

 

2.315%

 

 

 

Spread to Treasury:

 

+105 basis points

 

 

 

Re-offer Yield:

 

3.365%

 

 

 

Price to Public (Issue Price):

 

99.872% of principal amount

 

 

 

Optional Redemption:

 

Prior to April 1, 2025, Make Whole Call at T+20 basis points. On or after April 1, 2025, 100% of the principal amount plus accrued and unpaid interest

 

 

 

Denominations:

 

$2,000 and any integral multiples of $1,000 in excess thereof

 

 

 

Joint Book-Running Managers:

 

Mitsubishi UFJ Securities (USA), Inc.

 

 

Scotia Capital (USA) Inc.

 

 

 

Co-Managers:

 

Barclays Capital Inc.

 

 

BNP Paribas Securities Corp.

 

 

CIBC World Markets Corp.

 

 

Mizuho Securities USA Inc.

 

 

PNC Capital Markets LLC

 

 

SMBC Nikko Securities America, Inc.

 


 

CUSIP / ISIN:

 

695114 CS5 / US695114CS55

 

The issuer has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (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 Web site 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 Mitsubishi UFJ Securities (USA), Inc. at (877) 649-6848 or Scotia Capital (USA) Inc. at (800) 372-3930.