Filed Pursuant to Rule 433
Registration No. 333-183442-01
Free Writing Prospectus dated March 19, 2013
DTE ELECTRIC COMPANY
TERM SHEET
$375,000,000 2013 Series A 4.00% General and Refunding Mortgage Bonds due 2043
| Issuer: | DTE Electric Company (formerly The Detroit Edison Company) | |
| Security: | 2013 Series A 4.00% General and Refunding Mortgage Bonds due 2043 | |
| Principal Amount: | $375,000,000 | |
| Maturity Date: | April 1, 2043 | |
| Coupon: | 4.00% | |
| Interest Payment Dates: | April 1 and October 1, commencing on October 1, 2013 | |
| Price to Public: | 99.549% | |
| Spread to Benchmark Treasury: | + 87.5 bps | |
| Benchmark Treasury: | 2.750% due November 15, 2042 | |
| Benchmark Treasury Yield: | 3.151% | |
| Re-offer Yield: | 4.026% | |
| Make-whole call: | Prior to October 1, 2042 at Treasury +15 bps | |
| Par Call: | On or after October 1, 2042 | |
| Trade Date: | March 19, 2013 | |
| Settlement Date: | T+6; March 27, 2013 | |
| CUSIP: | 23338V AA4 | |
| Anticipated Ratings*: | A1/A/A (Moody’s/S&P/Fitch) | |
| Joint Book-Running Managers: | Barclays Capital Inc. | |
| Deutsche Bank Securities Inc. | ||
| J.P. Morgan Securities LLC | ||
| RBS Securities Inc. | ||
| Senior Co-Managers: | BNY Mellon Capital Markets, LLC Mitsubishi UFJ Securities (USA), Inc. | |
| Co-Managers: | The Huntington Investment Company SunTrust Robinson Humphrey, Inc. U.S. Bancorp Investments, Inc. 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, the prospectus supplement 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, as supplemented, if you request it by calling Barclays Capital Inc. toll-free at 1-888-603-5847, Deutsche Bank Securities Inc. toll-free at 1-800-503-4611, J.P. Morgan Securities LLC collect at 1-212-834-4533 or RBS Securities Inc. toll-free at 1-866-884-2071.
