Filed Pursuant to Rule 433 |
Registration No. 333-186969 |
December 1, 2015 |
PRICING TERM SHEET |
(To Preliminary Prospectus Supplement dated December 1, 2015) |
Issuer: | Georgia Power Company |
Security: | Series 2015A 1.95% Senior Notes due December 1, 2018 |
Expected Ratings:* | A3 (Stable)/A- (Negative )/A+ (Stable) (Moody's/Standard & Poor's/Fitch) |
Size: | $500,000,000 |
Initial Public Offering Price: | 99.913% |
Maturity Date: | December 1, 2018 |
Treasury Benchmark: | 1.25% due November 15, 2018 |
Benchmark Treasury Yield: | 1.18% |
Spread to Treasury: | +80 basis points |
Re-offer Yield: | 1.98% |
Make-Whole Call: | T+15 basis points |
Coupon: | 1.95% |
Interest Payment Dates: | June 1 and December 1 of each year, beginning June 1, 2016 |
Format: | SEC Registered |
Denominations: | $2,000 and integral multiples of $1,000 in excess thereof |
CUSIP/ISIN: | 373334 KD2/US373334KD27 |
Trade Date: | December 1, 2015 |
Expected Settlement Date: | December 4, 2015 (T+3) |
Joint Book-Running Managers: | J.P. Morgan Securities LLC Scotia Capital (USA) Inc. SunTrust Robinson Humphrey, Inc. |
Co-Managers: | BBVA Securities Inc. Loop Capital Markets LLC Regions Securities LLC Santander Investment Securities Inc. |
* 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 this offering will arrange to send you the prospectus if you request it by calling Georgia Power Company collect at 1-404-506-0776, J.P. Morgan Securities LLC collect at 1-212-834-4533, Scotia Capital (USA) Inc. toll free at 1-800-372-3930 or SunTrust Robinson Humphrey, Inc. toll-free at 1-800-685-4786. |