Filed pursuant to Rule 433
November 21, 2019
Relating to
Preliminary Prospectus Supplement dated November 21, 2019
to
Prospectus dated September 23, 2019
Registration Statement No. 333-233896-05
Duke Energy Florida, LLC
$200,000,000 Series A Floating Rate Senior Notes due 2021
Pricing Term Sheet
Issuer: |
| Duke Energy Florida, LLC |
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Trade Date: |
| November 21, 2019 |
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Settlement Date: |
| November 26, 2019; T + 3 |
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Ratings (Moody’s/S&P):* |
| A3/A- (stable/stable) |
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Security Description: |
| Series A Floating Rate Senior Notes due 2021 (the “Notes”) |
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Principal Amount: |
| $200,000,000 |
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Maturity Date: |
| November 26, 2021 |
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Price to Public: |
| 100% per Note, plus accrued interest, if any, from November 26, 2019 |
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Coupon: |
| Floating Rate — reset quarterly based on the three-month LIBOR plus 25 bps |
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Interest Payment Dates: |
| February 26, May 26, August 26 and November 26, beginning on February 26, 2020 |
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Redemption Provisions: |
| The Notes may not be redeemed prior to their maturity. |
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CUSIP / ISIN: |
| 26444H AG6 / US26444HAG65 |
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Joint Book-Running Managers: |
| PNC Capital Markets LLC |
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| CastleOak Securities, L.P. |
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| C.L. King & Associates, Inc. |
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| Drexel Hamilton, LLC |
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| Great Pacific Securities |
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| Samuel A. Ramirez & Company, Inc. |
* Security ratings are not recommendations to buy, sell or hold securities. The ratings are subject to change or withdrawal at any time by the respective credit rating agencies.
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 CastleOak Securities, L.P. toll free at 1-800-955-6332, C.L. King & Associates, Inc. toll free at 1-800-743-6626, Drexel Hamilton, LLC collect at 1-212-632-0400, Great Pacific Securities toll free at 1-800-284-4804, PNC Capital Markets LLC toll free at 1-855-881-0697 and Samuel A. Ramirez & Company, Inc. toll free at 1-800-888-4086.