Entergy Texas, Inc.
$500,000,000
Mortgage Bonds,
7.125% Series due February 1, 2019
Final Terms and Conditions
January 27, 2009
| Issuer: | Entergy Texas, Inc. | |
| Market Type: | Mortgage Bonds (SEC Registered) | |
| Expected Ratings(1): | Baa3 by Moody's Investors Service BBB+ by Standard & Poor's Ratings Services BBB by Fitch Ratings | |
| Trade Date: | January 27, 2009 | |
| Settlement Date (T+3): | January 30, 2009 | |
| Principal Amount: | $500,000,000 | |
| Coupon: | 7.125% | |
| Coupon Payment Dates: | February 1 and August 1 of each year | |
| First Payment Date: | August 1, 2009 | |
| Final Maturity: | February 1, 2019 | |
| Call Date & Terms: | Make-whole call at T + 50 bps | |
| UST Benchmark: | UST 3.75% due November 15, 2018 | |
| Treasury Yield: | 2.531% | |
| Spread to UST Benchmark: | + 470 bps | |
| Re-offer Yield: | 7.231% | |
| Issue Price to Public: | 99.254%; $496,270,000 | |
| Joint Book-Running Managers: | BNP Paribas Securities Corp. | |
| Credit Suisse Securities (USA) LLC | ||
| Morgan Stanley & Co. Incorporated | ||
| Co-Managers: | Calyon Securities (USA) Inc. | |
| Scotia Capital (USA) Inc. | ||
| Wedbush Morgan Securities Inc | ||
| CUSIP / ISIN: | 29365T AA2 / US29365TAA25 |
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) BNP Paribas Securities Corp. toll free at 1-800-854-5674, (ii) Credit Suisse Securities (USA) LLC toll free at 1-800-221-1037, or (iii) Morgan Stanley & Co. Incorporated toll free at 1-866-718-1649.