0001193125-17-074870.txt : 20170308 0001193125-17-074870.hdr.sgml : 20170308 20170308170802 ACCESSION NUMBER: 0001193125-17-074870 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20170308 DATE AS OF CHANGE: 20170308 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DTE ENERGY CO CENTRAL INDEX KEY: 0000936340 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 383217752 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-210556 FILM NUMBER: 17675858 BUSINESS ADDRESS: STREET 1: ONE ENERGY PLAZA CITY: DETROIT STATE: MI ZIP: 48226 BUSINESS PHONE: 3132354000 MAIL ADDRESS: STREET 1: ONE ENERGY PLAZA CITY: DETROIT STATE: MI ZIP: 48226 FORMER COMPANY: FORMER CONFORMED NAME: DTE HOLDINGS INC DATE OF NAME CHANGE: 19950127 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DTE ENERGY CO CENTRAL INDEX KEY: 0000936340 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 383217752 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: ONE ENERGY PLAZA CITY: DETROIT STATE: MI ZIP: 48226 BUSINESS PHONE: 3132354000 MAIL ADDRESS: STREET 1: ONE ENERGY PLAZA CITY: DETROIT STATE: MI ZIP: 48226 FORMER COMPANY: FORMER CONFORMED NAME: DTE HOLDINGS INC DATE OF NAME CHANGE: 19950127 FWP 1 d357972dfwp.htm FORM FWP Form FWP

Filed Pursuant to Rule 433

Registration No. 333-210556

Free Writing Prospectus dated March 8, 2017

PRICING TERM SHEET

 

Issuer:

    DTE Energy Company

Security:

    2017 Series A 3.80% Senior Notes due 2027 (the “Notes”)

Legal Format:

    SEC Registered

Principal Amount:

    $500,000,000

Maturity Date:

    March 15, 2027

Interest Payment Dates:

    March 15 and September 15 commencing September 15, 2017

Benchmark Treasury:

    2.250% due February 15, 2027

Benchmark Treasury Price/Yield:

    97-11+/2.552%

Spread to Benchmark Treasury:

    +128 basis points

Yield to Maturity:

    3.832%

Coupon:

    3.80%

Price to Public:

    99.736%

Optional Redemption:

    Prior to December 15, 2026 (the “Par Call Date”), the Notes will be redeemable in whole at any time or in part from time to time, at a redemption price equal to the greater of (i) 100% of the principal amount of the Notes being redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest that would be due if the Notes matured on the Par Call Date discounted on a semi-annual basis at the Adjusted Treasury Rate, plus 20 basis points; plus in either case, accrued and unpaid interest to the redemption date. On or after the Par Call Date, the Notes will be redeemable at a redemption price equal to 100% of the principal amount of Notes being redeemed, plus accrued and unpaid interest to the redemption date.

Trade Date:

    March 8, 2017

Settlement Date:

    T+5; March 15, 2017

CUSIP / ISIN:

    233331 AZ0/US233331AZ06

Denominations:

    $2,000 and integral multiples of $1,000 in excess thereof

Anticipated Ratings*:

(Moody’s/S&P/Fitch)

    Baa1 (Stable) / BBB (Stable) / BBB+ (Negative)

Joint Book-Running Managers:

    Barclays Capital Inc.
   BNP Paribas Securities Corp.
   Citigroup Global Markets Inc.
   J.P. Morgan Securities LLC
   Scotia Capital (USA) Inc.

Co-Managers:

    Comerica Securities, Inc.
   Fifth Third Securities, Inc.
   SunTrust Robinson Humphrey, Inc.
   U.S. Bancorp Investments, 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 Web site 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 Barclays Capital Inc. toll-free at 1-888-603-5847, BNP Paribas Securities Corp. toll free at 1-800-854-5674, Citigroup Global Markets Inc. toll-free at 1-800-831-9146, J.P. Morgan Securities LLC collect at 1-212-834-4533 or Scotia Capital (USA) Inc. toll-free at 1-800-372-3930.

 

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