Free Writing Prospectus
Filed pursuant to Rule 433
Registration No. 333-06717
$70,000,000
System Energy Resources, Inc.
First Mortgage Bonds, 6.20% Series due 2012
Final Terms and Conditions
September 19, 2007
Issuer: |
| System Energy Resources, Inc. |
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Market Type: |
| First Mortgage Bonds (Publicly Registered) |
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Ratings: |
| Baa3 by Moody's Investors Service |
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Trade Date: |
| September 19, 2007 |
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Settlement Date: |
| September 26, 2007 (T+5) |
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Principal Amount: |
| $70,000,000 |
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Coupon Dates: |
| April 1 and October 1 of each year |
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First Payment Date: | April 1, 2008 | |
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Final Maturity: |
| October 1, 2012 |
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Call Date & Terms: |
| Make-whole call at T+35bps |
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UST Benchmark: |
| 4.125% due August 31, 2012 |
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Treasury Price: |
| 99-20 |
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Treasury Yield: |
| 4.209% |
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Re-offer Spread: |
| +200 bps |
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Re-offer Yield to Investor: |
| 6.209% |
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Coupon: |
| 6.20% |
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Price to Investor: |
| 99.960% ; $69,972,000 |
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Book-Runners: |
| Barclays Capital Inc. (50%) $35,000,000 |
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CUSIP: |
| 871911 AR4 |
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 Barclays Capital Inc. toll free at 1-888-227-2275, Ext. 2663 or Calyon Securities (USA) Inc. at (212) 261-3589.
