0001193125-12-386661.txt : 20120910 0001193125-12-386661.hdr.sgml : 20120910 20120910163539 ACCESSION NUMBER: 0001193125-12-386661 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120910 DATE AS OF CHANGE: 20120910 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PECO ENERGY CO CENTRAL INDEX KEY: 0000078100 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 230970240 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-181749-03 FILM NUMBER: 121083519 BUSINESS ADDRESS: STREET 1: 2301 MARKET ST STREET 2: P O BOX 8699 CITY: PHILADELPHIA STATE: PA ZIP: 19101 BUSINESS PHONE: 2158414000 FORMER COMPANY: FORMER CONFORMED NAME: PHILADELPHIA ELECTRIC CO DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PECO ENERGY CO CENTRAL INDEX KEY: 0000078100 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 230970240 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 2301 MARKET ST STREET 2: P O BOX 8699 CITY: PHILADELPHIA STATE: PA ZIP: 19101 BUSINESS PHONE: 2158414000 FORMER COMPANY: FORMER CONFORMED NAME: PHILADELPHIA ELECTRIC CO DATE OF NAME CHANGE: 19920703 FWP 1 d409431dfwp.htm PRICING TERM SHEET Pricing Term Sheet

Filed Pursuant to Rule 433

Registration Statement No. 333-181749-03

Dated September 10, 2012

PECO Energy Company

Pricing Term Sheet

 

Issuer:

    PECO Energy Company

Ratings:

    A1 (Moody’s); A- (S&P); A (Fitch)

Securities:

    First and Refunding Mortgage Bonds

Settlement Date:

    September 17, 2012

Principal Amount:

    $350,000,000

Maturity:

    September 15, 2022

Coupon:

    2.375%

Benchmark Treasury:

    1.625% due August 15, 2022

Benchmark Treasury Yield:

    1.685%

Spread to Benchmark Treasury:

    70 basis points

Yield to Maturity:

    2.385%

Offering Price:

    99.912%

Interest Payment Dates:

    March 15 and September 15 of each year, commencing March 15, 2013

Redemption Provisions:

    At any time prior to June 15, 2022, at a discount rate of Treasury plus 12.5 basis points; and on or after June 15, 2022, at 100% of the principal, plus accrued interest to the redemption date

CUSIP:

    693304 AP2

Joint Book Running Managers:

   

BNP Paribas Securities Corp.

J.P. Morgan Securities LLC

U.S. Bancorp Investments, Inc.

CIBC World Markets Corp.

Mizuho Securities USA Inc.

Co-Managers:

   

PNC Capital Markets LLC

Lebenthal & Co., LLC

  

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 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 BNP Paribas Securities Corp. at 1-800-854-5674, J.P. Morgan Securities LLC at 1-212-834-4533 and U.S. Bancorp Investments, Inc. at 1-877-558-2607.