| Issuer: | American Electric Power Company, Inc. | |||
| Designation: | Senior Notes, Series K, due 2030 | Senior Notes, Series L, due 2050 | ||
| Principal Amount: | $400,000,000 | $400,000,000 | ||
| Maturity: | March 1, 2030 | March 1, 2050 | ||
| Coupon: | 2.30% | 3.25% | ||
| Interest Payment Dates: | March 1 and September 1 | March 1 and September 1 | ||
| First Interest Payment Date: | September 1, 2020 | September 1, 2020 | ||
| Day Count Convention: | 30/360 | 30/360 | ||
| Benchmark Treasury: | 1.500% due February 15, 2030 | 2.375% due November 15, 2049 | ||
| Benchmark Treasury Yield: | 1.005% | 1.609% | ||
| Reoffer Spread: | T+130 basis points | T+165 basis points | ||
| Yield to Maturity: | 2.305% | 3.259% | ||
| Price to Public: | 99.956% of the principal amount thereof | 99.829% of the principal amount thereof | ||
| Transaction Date: | March 3, 2020 | March 3, 2020 | ||
| Settlement Date: | March 5, 2020 (T+2) | March 5, 2020 (T+2) | ||
| Redemption Terms: | ||||
Make-whole call: | Prior to December 1, 2029 at a discount rate of the Treasury Rate plus 20 basis points | Prior to September 1, 2049 at a discount rate of the Treasury Rate plus 25 basis points | ||
Par call: | On or after December 1, 2029 at par | On or after September 1, 2049 at par | ||
| Minimum Denomination: | $2,000 and integral multiples of $1,000 in excess thereof | |||
| CUSIP/ISIN: | 025537 AN1/US025537AN10 | 025537 AP6/US025537AP67 | ||
| Joint Book-Running Managers: | BofA Securities, Inc. BNY Mellon Capital Markets, LLC J.P. Morgan Securities LLC Mizuho Securities USA LLC Scotia Capital (USA) Inc. SMBC Nikko Securities America, Inc. TD Securities (USA) LLC U.S. Bancorp Investments, Inc. | |||
| Ratings*: | Baa1 (Negative) by Moody’s Investors Service, Inc. BBB+ (Stable) by S&P Global Ratings, Inc., a division of S&P Global 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. |
