Filed Pursuant to Rule 433
Registration No. 333-177682
November 26, 2012
PRICING TERM SHEET
(To Preliminary Prospectus Supplement dated November 26, 2012)
Issuer: | Wisconsin Public Service Corporation | |
Security: | Senior Notes, 3.671% Series Due December 1, 2042 | |
Expected Ratings:* | Aa3/A (Moody’s/Standard & Poor’s) | |
Size: | $300,000,000 | |
Initial Public Offering Price: | 100.000% | |
Maturity Date: | December 1, 2042 | |
Treasury Benchmark: | 2.750% due August 15, 2042 | |
US Treasury Yield: | 2.796% | |
Spread to Treasury: | + 87.5 basis points | |
Re-offer Yield: | 3.671% | |
Coupon: | 3.671% | |
Make-Whole Call: | T+15 basis points | |
Interest Payment Dates: | June 1 and December 1 of each year, beginning June 1, 2013 | |
Format: | SEC Registered | |
Denominations: | $1,000 and any integral multiple thereof | |
CUSIP/ISIN: | 976843 BH4/US976843BH44 | |
Trade Date: | November 26, 2012 | |
Expected Settlement Date: | December 3, 2012 (T+5) | |
Joint Book-Running Managers: | J.P. Morgan Securities LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated Scotia Capital (USA) Inc. Wells Fargo Securities, LLC | |
Co-Managers | Fifth Third Securities, Inc. Mizuho Securities USA Inc. PNC Capital Markets LLC Wedbush Securities Inc. |
* 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 J.P. Morgan Securities LLC collect at 1-212-834-4533; calling Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-800-294-1322 or e-mailing Merrill Lynch, Pierce, Fenner & Smith Incorporated at dg.prospectus_requests@baml.com; calling Scotia Capital (USA) Inc. (Fixed Income Syndicate) toll-free at 1-800-372-3930; or calling Wells Fargo Securities, LLC at 1-800-326-5897 or e-mailing Wells Fargo Securities, LLC at cmclientsupport@wellsfargo.com