-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, ErgJWdmIXtPiJoRU/tdQ50g8gNSNib0uvP0tRu/N62BD2vzUVPN0oF2NBlbuESiF oOgORWZxGMGKv5/izkUGBA== 0000950120-07-000364.txt : 20070622 0000950120-07-000364.hdr.sgml : 20070622 20070622172404 ACCESSION NUMBER: 0000950120-07-000364 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070622 DATE AS OF CHANGE: 20070622 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: RSB BONDCO LLC CENTRAL INDEX KEY: 0001398570 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] IRS NUMBER: 412233956 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-141366-01 FILM NUMBER: 07937239 BUSINESS ADDRESS: STREET 1: C/O CONSTELLATION ENERGY GROUP, INC. STREET 2: 750 E. PRATT STREET, 17TH FLOOR CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: (410) 783-3011 MAIL ADDRESS: STREET 1: C/O CONSTELLATION ENERGY GROUP, INC. STREET 2: 750 E. PRATT STREET, 17TH FLOOR CITY: BALTIMORE STATE: MD ZIP: 21202 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BALTIMORE GAS & ELECTRIC CO CENTRAL INDEX KEY: 0000009466 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 520280210 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 39 WEST LEXINGTON STREET CITY: BALTIMORE STATE: MD ZIP: 21201 BUSINESS PHONE: 4107833624 MAIL ADDRESS: STREET 1: 39 WEST LEXINGTON STREET CITY: BALTIMORE STATE: MD ZIP: 21201 FWP 1 pricing-termsheet.htm PRICING TERM SHEET pricing-termsheet.htm
 
Issuer Free Writing Prospectus
Relating to Preliminary Prospectus Dated June 15, 2007
Filed Pursuant to Rule 433
Registration Statement Nos. 333-141366 and 333-141366-01
June 22, 2007

STATEMENT REGARDING THIS FREE WRITING PROSPECTUS:
 
RSB BondCo LLC (the "Issuing Entity") and Baltimore Gas and Electric Company (“BGE”), the depositor, sponsor and initial servicer, have filed a Registration Statement on Form S-3, as amended (the “Registration Statement”) (File Nos. 333-141366 and 333-141366-01), with the Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates.  Before you invest, you should read the prospectus and prospectus supplement in the Registration Statement and other documents BGE and the Issuer have filed with the SEC for more complete information about BGE and the Issuer and this offering.  You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.  You can also obtain copies of the registration statement from the SEC upon payment of prescribed charges, or you can examine the registration statement free of charge at the SEC’s offices at 100 F Street, N.E., Washington, D.C. 20549.  Alternatively, you may request the prospectus and prospectus supplement by calling Barclays Capital Inc. toll free at 1-888-227-2275, Citigroup Global Markets Inc. toll free at 1-800-831-9146, Greenwich Capital Markets, Inc. toll free at 1-866-884-2071 or Morgan Stanley & Co. Incorporated toll free at 1-866-718-1649.

RSB BONDCO LLC
Issuing Entity
BALTIMORE GAS AND ELECTRIC COMPANY
Depositor, Sponsor and Initial Servicer
PRICING TERM SHEET
$623,200,000
Rate Stabilization Bonds, Series A

Syndicate:  Joint Managers – Barclays Capital Inc., Citigroup Global Markets Inc., Greenwich Capital Markets, Inc. and Morgan Stanley & Co. Incorporated.
 
Expected Ratings* (Moody's/S&P/Fitch):  Aaa/AAA/AAA.
 
Expected Settlement:  June 29, 2007, flat.
 
Timing:  Priced.
 
Tranche
Principal
Amount
Offered
Weighted
Average Life
(years)
Scheduled
Maturity
Date
Number of
Scheduled
Semi-Annual
Payments
Swap
Spread
Yield
Coupon
Price to
Public
A-1
$284,000,000
2.99
10/1/2012
10
1
5.469%
5.47%
99.97507%
A-2
$220,000,000
6.99
4/1/2016
8
6
5.723%
5.72%
99.95281%
A-3
$119,200,000
9.27
4/1/2017
3
8
5.825%
5.82%
99.93340%
 
 
EXPECTED AMORTIZATION SCHEDULE
OUTSTANDING PRINCIPAL BALANCE PER TRANCHE
 
Payment Date
Tranche A-1
Tranche A-2
Tranche A-3
Settlement Date
$284,000,000  
$220,000,000  
$119,200,000  
4/1/2008
$250,741,286  
$220,000,000  
$119,200,000  
10/1/2008
$225,198,598  
$220,000,000  
$119,200,000  
4/1/2009
$198,590,708  
$220,000,000  
$119,200,000  
10/1/2009
$171,674,318  
$220,000,000  
$119,200,000  
4/1/2010
$143,549,922  
$220,000,000  
$119,200,000  
10/1/2010
$115,131,815  
$220,000,000  
$119,200,000  
4/1/2011
$85,457,334  
$220,000,000  
$119,200,000  
10/1/2011
$55,423,848  
$220,000,000  
$119,200,000  
4/1/2012
$24,142,900  
$220,000,000  
$119,200,000  
10/1/2012
$0  
$212,419,156  
$119,200,000  
4/1/2013
$0  
$179,418,862  
$119,200,000  
10/1/2013
$0  
$145,855,662  
$119,200,000  
4/1/2014
$0  
$110,970,180  
$119,200,000  
10/1/2014
$0  
$75,433,398  
$119,200,000  
4/1/2015
$0  
$38,549,788  
$119,200,000  
10/1/2015
$0  
$925,060  
$119,200,000  
4/1/2016
$0  
$0  
$81,127,235  
10/1/2016
$0  
$0  
$41,269,298  
4/1/2017
$0  
$0  
$0  

 
* A security rating is not a recommendation  to buy, sell, or hold securities and should be evaluated independently of any other rating.  The rating is subject to revision or withdrawal at any time by the assigning rating organization.
 
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