Filed Pursuant to Rule 433
Dated October 6, 2014
Registration Statement No. 333-178577-01
WISCONSIN POWER AND LIGHT COMPANY
Final Term Sheet
Dated October 6, 2014
| Issuer: | Wisconsin Power and Light Company (the “Company”) | |
| Size: | $250,000,000 | |
| Security Type: | Debentures | |
| Maturity Date: | October 15, 2044 | |
| Interest Payment Dates: | April 15 and October 15, commencing April 15, 2015 | |
| Coupon: | 4.10% | |
| Price to Public: | 99.914% | |
| Yield to Maturity: | 4.105% | |
| Benchmark Treasury: | 3.375% due May 15, 2044 | |
| Benchmark Treasury Yield: | 3.125% | |
| Spread to Benchmark Treasury: | + 98 bps | |
| Optional Redemption – Reinvestment Rate: | Make-whole call at T + 15 bps | |
| Optional Redemption at Par: | On or after April 15, 2044 | |
| Trade Date: | October 6, 2014 | |
| Settlement Date: | October 14, 2014 (T+5) | |
| CUSIP: | 976826BK2 | |
| ISIN: | US976826BK24 | |
| Joint Book-Running Managers: | J.P. Morgan Securities LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated Mizuho Securities USA Inc. | |
| Co-Managers: | Comerica Securities, Inc. KeyBanc Capital Markets Inc. Mischler Financial Group, Inc. | |
The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (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 that 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 may request a copy of these documents from J.P. Morgan Securities LLC by calling (212) 834-4533 (collect), from Merrill Lynch, Pierce, Fenner & Smith Incorporated by calling 1-800-294-1322 or from Mizuho Securities USA Inc. by calling (866) 271-7403.
