0001140361-13-032009.txt : 20130813 0001140361-13-032009.hdr.sgml : 20130813 20130813151544 ACCESSION NUMBER: 0001140361-13-032009 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130813 DATE AS OF CHANGE: 20130813 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHWESTERN PUBLIC SERVICE CO CENTRAL INDEX KEY: 0000092521 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 750575400 STATE OF INCORPORATION: NM FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-188179 FILM NUMBER: 131032865 BUSINESS ADDRESS: STREET 1: SPS TOWER STREET 2: TYLER AT SIXTH ST CITY: AMARILLO STATE: TX ZIP: 79101 BUSINESS PHONE: 3035717511 MAIL ADDRESS: STREET 1: PO BOX 1261 CITY: AMARILLO STATE: TX ZIP: 79170 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHWESTERN PUBLIC SERVICE CO CENTRAL INDEX KEY: 0000092521 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 750575400 STATE OF INCORPORATION: NM FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: SPS TOWER STREET 2: TYLER AT SIXTH ST CITY: AMARILLO STATE: TX ZIP: 79101 BUSINESS PHONE: 3035717511 MAIL ADDRESS: STREET 1: PO BOX 1261 CITY: AMARILLO STATE: TX ZIP: 79170 FWP 1 formfwp.htm SOUTHWESTERN PUBLIC SERVICE COMPANY FWP 8-13-2013
Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-188179
 
Southwestern Public Service Company
(a New Mexico corporation)
 
$100,000,000 4.50% FIRST MORTGAGE BONDS, SERIES NO. 1 DUE 2041
 
Issuer:
Southwestern Public Service Company (a New Mexico corporation)
Issue Format:
SEC Registered
Expected Ratings*:
A3 (Stable)/A (Stable)/A- (Stable) (Moody’s/Standard & Poor’s/Fitch)
Security Type:
First Mortgage Bonds
Principal Amount:
$100,000,000 (Reopening of 4.50% First Mortgage Bonds, Series No. 1 due 2041, of which $200,000,000 and $100,000,000  were previously issued on August 10, 2011 and June 12, 2012, respectively), for a total amount outstanding of $400,000,000.
Pricing Date:
August 13, 2013
Settlement Date:
August 20, 2013 (T+5)
Maturity Date:
August 15, 2041
Interest Payment Dates:
Each February 15 and August 15, commencing February 15, 2014
Reference Benchmark:
2.875% due May 15, 2043
Benchmark Price:
83-26
Benchmark Yield:
3.786%
Re-offer Spread:
+98 bps
Re-offer Yield:
4.766%
Coupon:
4.50% (interest on the First Mortgage Bonds will accrue from August 15, 2013)
Price to Public:
95.912% plus accrued interest from August 15, 2013 to but excluding August 20, 2013 (the total amount of accrued interest on August 20, 2013 will be $0.625 per $1,000 principal amount of First Mortgage Bonds)
Net Proceeds to Issuer:
$95,037,000 (before transaction expenses)
Make-Whole Call:
Prior to February 15, 2041, treasury yield +15 bps
Par Call:
On or after February 15, 2041
CUSIP/ISIN:
845743BN2/US845743BN28
Minimum Denominations:
$1,000
Joint Book-Running Managers:
Deutsche Bank Securities Inc.
Mitsubishi UFJ Securities (USA), Inc.
 
*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 website 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 Deutsche Bank Securities Inc., toll free at 1-800-503-4611 or Mitsubishi UFJ Securities (USA), Inc., toll free at 1-877-649-6848.