Filed pursuant to Rule 433
Relating to Preliminary Prospectus Supplement dated July 8, 2019
to Prospectus dated September 11, 2017
RegistrationNo. 333-219085
VIRGINIA ELECTRIC AND POWER COMPANY
FINAL TERM SHEET
2019 Series A 2.875% Senior Notes | ||
| Principal Amount: | $500,000,000 | |
| Expected Rating (Moody’s/S&P/Fitch)*: | A2 (stable outlook) / BBB+ (stable outlook) / A (stable outlook) | |
| Trade Date: | July 8, 2019 | |
| Settlement Date: | July 10, 2019 (T+2) | |
| Final Maturity Date: | July 15, 2029 | |
| Interest Payment Dates: | January 15 and July 15 | |
| First Interest Payment Date: | January 15, 2020 | |
| Make-Whole Call: | T+15 bps prior to April 15, 2029 | |
| Par Call: | On or after April 15, 2029 | |
| Treasury Benchmark: | 2.375% due May 15, 2029 | |
| Benchmark Yield: | 2.029% | |
| Spread to Benchmark: | +85 bps | |
| Reoffer Yield: | 2.879% | |
| Coupon: | 2.875% | |
| Price to Public: | 99.965% | |
| Proceeds to Company Before Expenses: | 99.315% | |
| CUSIP/ISIN: | 927804 GB4/US927804GB45 | |
| Joint Book-Running Managers: | BofA Securities, Inc. and Deutsche Bank Securities Inc. | |
| Co-Managers: | Academy Securities, Inc. and PNC Capital Markets LLC | |
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, including the preliminary prospectus supplement dated July 8, 2019, 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 and preliminary prospectus supplement if you request them by calling:
| BofA Securities, Inc. | 1-800-294-1322 (toll-free) | |
| Deutsche Bank Securities Inc. | 1-800-503-4611 (toll-free) |
| * | 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. |
