0001104659-21-089848.txt : 20210707 0001104659-21-089848.hdr.sgml : 20210707 20210707171430 ACCESSION NUMBER: 0001104659-21-089848 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20210707 DATE AS OF CHANGE: 20210707 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: 333-249044 FILM NUMBER: 211078095 BUSINESS ADDRESS: STREET 1: 825 NE MULTNOMAH STREET 2: SUITE 1900 CITY: PORTLAND STATE: OR ZIP: 97232 BUSINESS PHONE: 503-813-5645 MAIL ADDRESS: STREET 1: 825 NE MULTNOMAH STREET 2: SUITE 1900 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 NE MULTNOMAH STREET 2: SUITE 1900 CITY: PORTLAND STATE: OR ZIP: 97232 BUSINESS PHONE: 503-813-5645 MAIL ADDRESS: STREET 1: 825 NE MULTNOMAH STREET 2: SUITE 1900 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 a21-20912_4fwp.htm FWP

 

Filed pursuant to Rule 433(d)

Registration No. 333-249044

Dated July 7, 2021

 

FINAL TERM SHEET

 

Issuer:

 

PacifiCorp

 

 

 

Security Type:

 

First Mortgage Bonds due 2052

 

 

 

Legal Format:

 

SEC Registered

 

 

 

Principal Amount:

 

$1,000,000,000 in aggregate principal amount

 

 

 

Coupon:

 

2.900%

 

 

 

Interest Payment Dates:

 

Semi-annually on December 15 and June 15, commencing on December 15, 2021

 

 

 

Record Dates:

 

December 1 and June 1

 

 

 

Trade Date:

 

July 7, 2021

 

 

 

Settlement Date:

 

July 9, 2021 (T+2)

 

 

 

Maturity:

 

June 15, 2052

 

 

 

Treasury Benchmark:

 

1.875% due February 15, 2051

 

 

 

US Treasury Spot:

 

98-04+

 

 

 

US Treasury Yield:

 

1.958%

 

 

 

Spread to Treasury:

 

+98 basis points

 

 

 

Re-offer Yield:

 

2.938%

 

 

 

Price to Public (Issue Price):

 

99.233% of principal amount

 

 

 

Expected Ratings*:

 

A1 by Moody’s Investors Service, Inc.

A+ by S&P Global Ratings

 

 

 

Optional Redemption:

 

Prior to December 15, 2051, Make Whole Call at T+15 basis points. On or after December 15, 2051, 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:

 

BMO Capital Markets Corp., MUFG Securities Americas Inc., PNC Capital Markets LLC, SMBC Nikko Securities America, Inc., TD Securities (USA) LLC, BofA Securities, Inc., U.S. Bancorp Investments, Inc.

 

 

 

Co-Managers:

 

BNY Mellon Capital Markets, LLC, CIBC World Markets Corp., KeyBanc Capital Markets Inc., nabSecurities, LLC, Santander Investment Securities Inc., Truist Securities, Inc.

 

 

 

CUSIP / ISIN:

 

695114 CY2 / US695114CY24

 

*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 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 BMO Capital Markets Corp. at 1-800-414-3627, MUFG Securities Americas Inc. at 1-877-649-6848, PNC Capital Markets LLC at 855-881-0697, SMBC Nikko Securities America, Inc. at 1-888-868-6856, or TD Securities (USA) LLC at 1-855-495-9846.