0000891092-13-007764.txt : 20130909 0000891092-13-007764.hdr.sgml : 20130909 20130909165221 ACCESSION NUMBER: 0000891092-13-007764 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130909 DATE AS OF CHANGE: 20130909 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PUBLIC SERVICE ELECTRIC & GAS CO CENTRAL INDEX KEY: 0000081033 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 221212800 STATE OF INCORPORATION: NJ FISCAL YEAR END: 0717 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-178133 FILM NUMBER: 131086145 BUSINESS ADDRESS: STREET 1: CORPORATE ACCOUNTING SERVICES STREET 2: 80 PARK PLAZA, 9TH FLOOR CITY: NEWARK STATE: NJ ZIP: 07102-4194 BUSINESS PHONE: 973-430-7000 MAIL ADDRESS: STREET 1: CORPORATE ACCOUTNING SERVICES STREET 2: 80 PARK PLAZA, 9TH FLOOR CITY: NEWARK STATE: NJ ZIP: 07102-4194 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PUBLIC SERVICE ELECTRIC & GAS CO CENTRAL INDEX KEY: 0000081033 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 221212800 STATE OF INCORPORATION: NJ FISCAL YEAR END: 0717 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: CORPORATE ACCOUNTING SERVICES STREET 2: 80 PARK PLAZA, 9TH FLOOR CITY: NEWARK STATE: NJ ZIP: 07102-4194 BUSINESS PHONE: 973-430-7000 MAIL ADDRESS: STREET 1: CORPORATE ACCOUTNING SERVICES STREET 2: 80 PARK PLAZA, 9TH FLOOR CITY: NEWARK STATE: NJ ZIP: 07102-4194 FWP 1 e55343fwp.htm PRICING TERM SHEET

Filed pursuant to Rule 433

dated September 9, 2013

Relating to

Preliminary Pricing Supplement dated September 9, 2013 to

Prospectus Supplement dated May 7, 2013 and

Prospectus dated November 23, 2011

Registration Statement No. 333-178133

Pricing Term Sheet for 3.75% Secured Medium-Term Notes, Series I, due March 15, 2024

PUBLIC SERVICE ELECTRIC AND GAS COMPANY (PSE&G)

Issuer: Public Service Electric and Gas Company

Trade Date: September 9, 2013

Original Issue Date/Settlement Date: September 12, 2013, which is the third business day following the Trade Date.

Principal Amount: $250,000,000

Price to Public: 99.991% of Principal Amount, plus accrued interest, if any, from September 12, 2013 if settlement occurs after that date

Interest Rate: 3.75% per annum

Interest Payment Dates: March 15 and September 15, commencing March 15, 2014

Redemption: As specified in Preliminary Pricing Supplement dated September 9, 2013. Make Whole amount during the Make Whole Redemption Period to be determined at a discount rate equal to the Treasury Rate plus 15 basis points (0.15%).

Maturity Date: March 15, 2024

CUSIP: 74456Q BD7

Joint Book-Running Managers:

BNY Mellon Capital Markets, LLC ($37,500,000)

Credit Suisse Securities (USA) LLC ($43,333,000)

J.P. Morgan Securities LLC ($43,333,000)

Morgan Stanley & Co. LLC ($37,500,000)

RBS Securities Inc. ($43,334,000)

Co-Managers:

RBC Capital Markets, LLC ($17,500,000)

CastleOak Securities, L.P. ($10,000,000)

Citigroup Global Markets Inc. ($17,500,000)

The issuer has filed a registration statement (including a prospectus, a prospectus supplement and a preliminary pricing supplement) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus, the prospectus supplement and the preliminary pricing supplement 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’s Web site at www.sec.gov. Alternatively, the issuer or any underwriter participating in the offering will arrange to send you these documents if you request them by calling Credit Suisse Securities (USA) LLC toll free at 1-800-221-1037, J.P. Morgan Securities LLC collect at 1-212-834-4533 or RBS Securities Inc. toll free at 1-866-884-2071.