Filed Pursuant to Rule 433
Registration Statement No. 333-146260-04
Dated September 16, 2009
Exelon Generation Company, LLC
Pricing Term Sheet
$600,000,000 5.20% Senior Notes Due 2019
| Issuer: | Exelon Generation Company, LLC | |
| Ratings: | A3 (Moody’s); BBB (S&P); BBB+ (Fitch) | |
| Principal Amount: | $600,000,000 | |
| Securities: | Senior Notes | |
| Settlement Date: | September 23, 2009 | |
| Coupon: | 5.20% | |
| Maturity: | October 1, 2019 | |
| Interest Payment Dates: | Semi-annually on April 1 and October 1, | |
| commencing April 1, 2010 | ||
| Benchmark Treasury: | 3.625% due August 15, 2019 | |
| Benchmark Treasury Yield: | 3.475% | |
| Spread to Benchmark Treasury: | +175 basis points | |
| Yield to Maturity: | 5.225% | |
| Offering Price: | 99.805% | |
| Redemption Provision: | Make whole call at any time at a discount rate of | |
| Treasury plus 30 basis points | ||
| CUSIP: | 30161M AF0 | |
| Joint Book-Running Managers: | Barclays Capital Inc. | |
| J. P. Morgan Securities Inc. | ||
| Morgan Stanley & Co. Incorporated | ||
| Credit Suisse Securities (USA) LLC | ||
| Co-Managers: | Goldman, Sachs & Co. | |
| UBS Securities LLC | ||
| Loop Capital Markets, LLC | ||
| The Williams Capital Group, L.P. |
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.
$900,000,000 6.25% Senior Notes Due 2039
| Issuer: | Exelon Generation Company, LLC | |
| Ratings: | A3 (Moody’s); BBB (S&P); BBB+ (Fitch) | |
| Principal Amount: | $900,000,000 | |
| Securities: | Senior Notes | |
| Settlement Date: | September 23, 2009 | |
| Coupon: | 6.25% | |
| Maturity: | October 1, 2039 | |
| Interest Payment Dates: | Semi-annually on April 1 and October 1, | |
| commencing April 1, 2010 | ||
| Benchmark Treasury: | 4.25% due May 15, 2039 | |
| Benchmark Treasury Yield: | 4.260% | |
| Spread to Benchmark Treasury: | +200 basis points | |
| Yield to Maturity: | 6.260% | |
| Offering Price: | 99.863% | |
| Redemption Provision: | Make whole call at any time at a discount rate of | |
| Treasury plus 30 basis points | ||
| CUSIP: | 30161M AG8 | |
| Joint Book-Running Managers: | Barclays Capital Inc. | |
| J. P. Morgan Securities Inc. | ||
| Morgan Stanley & Co. Incorporated | ||
| Goldman, Sachs & Co. | ||
| UBS Securities LLC | ||
| Co-Managers: | Credit Suisse Securities (USA) LLC | |
| Loop Capital Markets, LLC | ||
| The Williams Capital Group, L.P. |
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 atwww.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 contacting Barclays Capital Inc. at (888) 603-5847, J.P. Morgan Securities Inc. at (212) 834-4533 or Morgan Stanley & Co. Incorporated at (866) 718-1649.
