0000891092-16-012866.txt : 20160229 0000891092-16-012866.hdr.sgml : 20160229 20160229165132 ACCESSION NUMBER: 0000891092-16-012866 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20160229 DATE AS OF CHANGE: 20160229 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: 333-200353 FILM NUMBER: 161468998 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 e68551_fwp.htm PRICING TERM SHEET

Filed pursuant to Rule 433

dated February 29, 2016

Relating to

Preliminary Pricing Supplement dated February 29, 2016 to

Prospectus Supplement dated May 6, 2015 and

Prospectus dated November 18, 2014

Registration Statement No. 333-200353

Pricing Term Sheet for 3.80% Secured Medium-Term Notes, Series K, due March 1, 2046

PUBLIC SERVICE ELECTRIC AND GAS COMPANY (PSE&G)

Issuer: Public Service Electric and Gas Company

Trade Date: February 29, 2016

Original Issue Date/Settlement Date: March 3, 2016

Principal Amount: $550,000,000

Price to Public: 99.556% of Principal Amount, plus accrued interest, if any, from March 3, 2016 if settlement occurs after that date

Interest Rate: 3.80% per annum

Interest Payment Dates: March 1 and September 1, commencing September 1, 2016

Redemption: As specified in Preliminary Pricing Supplement dated February 29, 2016. Make Whole amount during the Make Whole Redemption Period to be determined at a discount rate equal to the Treasury Rate plus 20 basis points (0.20%).

Maturity Date: March 1, 2046

CUSIP: 74456QBQ8

Joint Book-Running Managers:

BNP Paribas Securities Corp. ($70,125,000)

Mitsubishi UFJ Securities (USA), Inc. ($70,125,000)

Mizuho Securities USA Inc. ($70,125,000)

Scotia Capital (USA) Inc. ($70,125,000)

CIBC World Markets Corp. ($48,510,000)

Citigroup Global Markets Inc. ($48,510,000)

TD Securities (USA) LLC ($48,510,000)

Co-Managers:

BNY Mellon Capital Markets, LLC ($24,860,000)

Credit Agricole Securities (USA) Inc. ($24,860,000)

U.S. Bancorp Investments, Inc. ($24,860,000)

Wells Fargo Securities, LLC ($24,860,000)

Loop Capital Markets LLC ($12,265,000)

The Williams Capital Group, L.P. ($12,265,000)

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 BNP Paribas Securities Corp. toll free at 1-800-854-5674, Mitsubishi UFJ Securities (USA), Inc. toll free at 1-877-649-6848, Mizuho Securities USA Inc. toll free at 1-866-271-7403 or Scotia Capital (USA) Inc. toll free at 1-800-372-3930.