Filed pursuant to Rule 433
dated March 2, 2021
Relating to
Preliminary Pricing Supplement dated March 2, 2021
to Prospectus Supplement dated March 2, 2021 and
Prospectus dated November 20, 2020
Registration Statement No. 333-250829
Pricing Term Sheet for 3.000% Secured Medium-Term Notes, Series N, due March 1, 2051
PUBLIC SERVICE ELECTRIC AND GAS COMPANY (PSE&G)
The issuer has filed a registration statement (including a prospectus, a prospectus supplement and a preliminary pricing supplement) with the Securities and Exchange Commission (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 SECs 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 (800) 221-1037, Mizuho Securities USA LLC toll-free at (866) 271-7403, RBC Capital Markets, LLC toll-free at (866) 375-6829 or Scotia Capital (USA) LLC toll-free at (800) 372-3930.