0001140361-14-024011.txt : 20140623 0001140361-14-024011.hdr.sgml : 20140623 20140602144712 ACCESSION NUMBER: 0001140361-14-024011 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20140602 DATE AS OF CHANGE: 20140602 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: 14883652 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 6-2-2014
Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-188179
 
Southwestern Public Service Company
 (a New Mexico corporation)
 
$150,000,000 3.30% FIRST MORTGAGE BONDS, SERIES NO. 3 DUE 2024
 
Issuer:
Southwestern Public Service Company (a New Mexico corporation)
Issue Format:
SEC Registered
Expected Ratings*:
A2 (Stable)/A (Stable)/A- (Stable) (Moody’s/Standard & Poor’s/Fitch)
Security Type:
First Mortgage Bonds
Principal Amount:
$150,000,000
Pricing Date:
June 2, 2014
Settlement Date:
June 9, 2014 (T+5)
Maturity Date:
June 15, 2024
Interest Payment Dates:
Each June 15 and December 15, commencing December 15, 2014
Reference Benchmark:
2.50% due May 15, 2024
Benchmark Price:
99-21
Benchmark Yield:
2.539%
Re-offer Spread:
+80 bps
Re-offer Yield:
3.339%
Coupon:
3.30%
Price to Public:
99.670% plus accrued interest, if any, from June 9, 2014
Net Proceeds to Issuer:
$148,530,000 (before transaction expenses)
Make-Whole Call:
Prior to December 15, 2023, treasury yield +15 bps
Par Call:
On or after December 15, 2023
CUSIP/ISIN:
845743BP7/US845743BP75
Minimum Denominations:
$1,000
Joint Book-Running Managers:
  
Credit Suisse Securities (USA) LLC
RBS Securities 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 Credit Suisse Securities (USA) LLC, toll free at 1-800-221-1037 or RBS Securities Inc., toll free at 1-866-884-2071.