0001193125-11-307197.txt : 20111110 0001193125-11-307197.hdr.sgml : 20111110 20111110171154 ACCESSION NUMBER: 0001193125-11-307197 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20111110 DATE AS OF CHANGE: 20111110 SUBJECT COMPANY: 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 SEC ACT: 1934 Act SEC FILE NUMBER: 333-157637-01 FILM NUMBER: 111196299 BUSINESS ADDRESS: STREET 1: 2 CENTER PLAZA STREET 2: 110 W. FAYETTE STREET CITY: BALTIMORE STATE: MD ZIP: 21201 BUSINESS PHONE: 4104702800 MAIL ADDRESS: STREET 1: 2 CENTER PLAZA STREET 2: 110 W. FAYETTE STREET CITY: BALTIMORE STATE: MD ZIP: 21201 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: 2 CENTER PLAZA STREET 2: 110 W. FAYETTE STREET CITY: BALTIMORE STATE: MD ZIP: 21201 BUSINESS PHONE: 4104702800 MAIL ADDRESS: STREET 1: 2 CENTER PLAZA STREET 2: 110 W. FAYETTE STREET CITY: BALTIMORE STATE: MD ZIP: 21201 FWP 1 d255034dfwp.htm FREE WRITING PROSPECTUS Free Writing Prospectus

Filed Pursuant to Rule 433

Registration No. 333-157637-01

PRICING TERM SHEET

November 10, 2011

$300,000,000

3.50% Notes due November 15, 2021

 

Issuer:    Baltimore Gas and Electric Company
Designation:    3.50% Notes due November 15, 2021
Legal Format:    SEC Registered
Principal Amount:    $300,000,000
Denominations:    $1,000 and integral multiples thereof
Maturity:    November 15, 2021
Coupon:    3.50%
Coupon Payment Dates:    Semi-annually on May 15 and November 15 of each year, beginning May 15, 2012
Price to Public:    99.449% of principal amount
Yield to Maturity:    3.566%
Benchmark Treasury Price and Yield:    100-16+; 2.066%
Spread to Benchmark Treasury Yield:    150 basis points
Benchmark Treasury:    UST 2.125% due August 15, 2021
Trade Date:    November 10, 2011
Settlement Date:    November 16, 2011
Redemption:    Make-whole redemption at any time prior to August 15, 2021 at T+25 basis points and, thereafter, at par
Joint Book-Running Managers:   

Credit Agricole Securities (USA) Inc.

RBS Securities Inc.

Scotia Capital (USA) Inc.

Co-Managers:   

U.S. Bancorp Investments, Inc.

BNP Paribas Securities Corp.

TD Securities (USA) LLC

CUSIP / ISIN Number:    059165 ED8 / US059165ED81
Expected Security Ratings(1):   

S&P: BBB+ (stable outlook)

Moody’s: Baa2 (positive outlook)

Fitch: BBB+ (stable outlook)

 

1 

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, you can request a copy of the prospectus for the offering by calling (i) Credit Agricole Securities (USA) Inc. toll-free at 1-866-807-6030, (ii) RBS Securities Inc. toll-free at 1-866-884-2071 or (iii) Scotia Capital (USA) Inc. toll-free at 1-800-372-3930.