0001104659-22-122865.txt : 20221129 0001104659-22-122865.hdr.sgml : 20221129 20221129160528 ACCESSION NUMBER: 0001104659-22-122865 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20221129 DATE AS OF CHANGE: 20221129 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: 221432810 BUSINESS ADDRESS: STREET 1: 825 NE MULTNOMAH STREET 2: SUITE 1900 CITY: PORTLAND STATE: OR ZIP: 97232 BUSINESS PHONE: 888-221-7070 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: 888-221-7070 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 tm2231063d3_fwp.htm FWP

Filed pursuant to Rule 433(d)

Registration No. 333-249044

Dated November 29, 2022

FINAL TERM SHEET

Issuer:	PacifiCorp

Security Type:	First Mortgage Bonds due 2053

Legal Format:	SEC Registered

Principal Amount:	$1,100,000,000 in aggregate principal amount

Coupon:	5.350%

Interest Payment Dates:	Semi-annually on June 1 and December 1, commencing on June 1, 2023

Record Dates:	May 15 and November 15

Trade Date:	November 29, 2022

Settlement Date:	December 1, 2022 (T+2)

Maturity:	December 1, 2053

Treasury Benchmark:	3.000% due August 15, 2052

US Treasury Spot:	85-06

US Treasury Yield:	3.840%

Spread to Treasury:	+153 basis points

Re-offer Yield:	5.370%

Price to Public (Issue Price):	99.700% of principal amount

Expected Ratings*:	A1 by Moody’s Investors Service, Inc.
	A+ by S&P Global Ratings

Optional Redemption:	Prior to June 1, 2053, Make Whole Call at T+ 25 basis points. On or after June 1, 2053, 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.
	PNC Capital Markets LLC
	SMBC Nikko Securities America, Inc.
	TD Securities (USA) LLC
	Wells Fargo Securities, LLC
	BofA Securities, Inc.

Co-Managers:	Barclays Capital Inc.
	BNY Mellon Capital Markets, LLC
	CIBC World Markets Corp.
	KeyBanc Capital Markets Inc.
	MUFG Securities Americas Inc.
	nabSecurities, LLC
	RBC Capital Markets, LLC
	Scotia Capital (USA) Inc.
	Siebert Williams Shank & Co., LLC
	Truist Securities, Inc.

CUSIP / ISIN:

695114 CZ9 / US695114CZ98

*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, PNC Capital Markets LLC at 855-881-0697, SMBC Nikko Securities America, Inc. at 1-888-868-6856, TD Securities (USA) LLC at 1-855-495-9846, or Wells Fargo Securities, LLC at 1-800-645-3751.