Filed Pursuant to Rule 433
Registration No. 333-181155-01
Pricing Term Sheet
November 8, 2013
American Water Capital Corp.
$400,000,000 3.850% Senior Notes due 2024
Term Sheet
| Issuer: | American Water Capital Corp. | |
| Support Provider: | American Water Works Company, Inc. | |
| Security: | Senior Notes | |
| Size: | $400,000,000 | |
| Trade Date: | November 8, 2013 | |
| Settlement Date: | November 20, 2013 (T+7) | |
| Maturity Date: | March 1, 2024 | |
| Benchmark Treasury: | UST 2.50% due August 15, 2023 | |
| Benchmark Treasury Yield: | 2.748% | |
| Spread to Benchmark Treasury: | +115bps | |
| Yield to Maturity: | 3.898% | |
| Coupon: | 3.850% | |
| Price to Public: | 99.601% | |
| Interest Payment Dates: | March 1 and September 1 of each year, beginning on March 1, 2014 | |
| Redemption Provisions: | ||
Make whole call: | Treasury + 20bps | |
Par call: | On or after December 1, 2023 | |
| CUSIP: | 03040W AK1 | |
| ISIN: | US03040WAK18 | |
| Joint Book-Running Managers: | J.P. Morgan Securities LLC UBS Securities LLC Wells Fargo Securities, LLC | |
| Co-Managers: | Santander Investment Securities Inc. Mitsubishi UFJ Securities (USA), Inc. The Williams Capital Group, L.P. Blaylock Robert Van, LLC C.L. King & Associates, Inc. Loop Capital Markets LLC MFR Securities, Inc. Mischler Financial Group, Inc. |
The Issuer and Support Provider have 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 and the Support Provider have filed with the SEC for more complete information about the Issuer, the Support Provider and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, any underwriter 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, UBS Securities LLC toll-free at 1-877-827-6444, ext. 561 3884 or Wells Fargo Securities, LLC toll-free at 1-800-326-5879.
