Filed Pursuant to Rule 433
Registration No. 333-190911-07
Entergy Louisiana, LLC
$190,000,000
First Mortgage Bonds,
3.78% Series due April 1, 2025
Final Terms and Conditions
June 24, 2014
Issuer: | | Entergy Louisiana, LLC |
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Security Type: | | First Mortgage Bonds (SEC Registered) |
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Expected Ratings(1): | | A2 (stable outlook) by Moody’s Investors Service A- (stable outlook) by Standard & Poor’s Ratings Services |
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Trade Date: | | June 24, 2014 |
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Settlement Date (T+5): | | July 1, 2014 |
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Principal Amount: | | $190,000,000 |
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Coupon: | | 3.78% |
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Coupon Payment Dates: | | April 1 and October 1 of each year |
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First Payment Date: | | October 1, 2014 |
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Final Maturity Date: | | April 1, 2025 |
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Optional Redemption Terms: | | Make-whole call at any time prior to January 1, 2025 at a discount rate of Treasury plus 20 bps and, thereafter, at par |
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UST Benchmark: | | 2.50% due May 15, 2024 |
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Spread to UST Benchmark: | | +120 bps |
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Treasury Price: | | 99-07 |
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Treasury Yield: | | 2.590% |
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Re-offer Yield: | | 3.790% |
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Issue Price to Public: | | 99.917% |
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Net Proceeds Before Expenses: | | $188,607,300 |
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Joint Book-Running Managers: | | Barclays Capital Inc. |
| | BNP Paribas Securities Corp. |
| | CitigroupGlobal Markets Inc. |
| | Mizuho Securities USA Inc. |
| | Scotia Capital (USA) Inc. |
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CUSIP / ISIN: | | 29364W AU2 / US29364WAU27 |
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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 website at www.sec.gov.
Alternatively, a copy of the prospectus for the offering can be obtained by calling (i) Barclays Capital Inc. toll free at 1-888-603-5847, (ii) BNP Paribas Securities Corp. toll free at 1-800-854-5674 or (iii) Citigroup Global Markets Inc. toll free at 1-800-831-9146.