0001193125-17-340888.txt : 20171113 0001193125-17-340888.hdr.sgml : 20171110 20171113160907 ACCESSION NUMBER: 0001193125-17-340888 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20171113 DATE AS OF CHANGE: 20171113 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: 171195904 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 d470947dfwp.htm FWP FWP

Filed Pursuant to Rule 433

Registration No. 333-210556

Free Writing Prospectus dated November 13, 2017

PRICING TERM SHEET

 

Issuer:

    DTE Energy Company

Security:

    2017 Series E 5.25% Junior Subordinated Debentures due 2077 (the “Junior Subordinated Debentures”)

Format:

    SEC Registered

Size:

    $400,000,000

Over-allotment Option:

    None.

Maturity Date:

    December 1, 2077

Coupon:

    5.25%

Interest Payment Dates:

    March 1, June 1, September 1, and December 1 commencing on March 1, 2018

Interest Deferral:

    Up to 40 consecutive quarters; deferred interest will accrue and compound quarterly at an annual rate of 5.25%, as permitted by law

Price to Public:

    $25.00

Par Call:

    At any time, in whole or from time to time in part, on or after December 1, 2022, at 100% plus accrued and unpaid interest to but excluding the redemption date

Tax Event Call:

    At any time prior to December 1, 2022, in whole but not in part, at 101% plus accrued and unpaid interest to but excluding the redemption date

Rating Agency Call:

    At any time prior to December 1, 2022, in whole but not in part, at 102% plus accrued and unpaid interest to but excluding the redemption date

Trade Date:

    November 13, 2017

Settlement Date:

    T+4; November 17, 2017

Expected Listing:

    NYSE

CUSIP / ISIN:

    233331 859 / US2333318598

Denominations:

    $25.00 and integral multiples thereof

Anticipated Ratings*:

(Moody’s/S&P/Fitch)

    Baa2 (Stable) / BBB- (Stable) / BBB- (Negative)

Joint Book-Running Managers:

   

Merrill Lynch, Pierce, Fenner & Smith

                     Incorporated

UBS Securities LLC

Wells Fargo Securities, LLC

Co-Managers:

   

Citigroup Global Markets Inc.

J.P. Morgan Securities LLC

MUFG Securities Americas Inc.

TD Securities (USA) LLC

Siebert Cisneros Shank & Co., L.L.C.

*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 Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-800-294-1322, UBS Securities LLC toll-free at 1-888-827-7275 or Wells Fargo Securities, LLC toll-free at 1-800-645-3751.