| Issuer: | American Electric Power Company, Inc. | ||||||||||
| Transaction Date: | October 31, 2022 | ||||||||||
| Settlement Date: | November 2, 2022 (T+2) | ||||||||||
| Designation: | Senior Notes, Series O, due 2027 | Senior Notes, Series P, due 2032 | |||||||||
| Principal Amount: | $500,000,000 | $500,000,000 | |||||||||
| Maturity: | November 1, 2027 | November 1, 2032 | |||||||||
| Coupon: | 5.75% | 5.95% | |||||||||
| Interest Payment Dates: | May 1 and November 1 | May 1 and November 1 | |||||||||
| First Interest Payment Date: | May 1, 2023 | May 1, 2023 | |||||||||
| Day Count Convention: | 30/360 | 30/360 | |||||||||
| Benchmark Treasury: | 4.125% due October 31, 2027 | 2.750% due August 15, 2032 | |||||||||
| Benchmark Treasury Yield: | 4.262% | 4.092% | |||||||||
| Reoffer Spread: | T+155 basis points | T+195 basis points | |||||||||
| Yield to Maturity: | 5.812% | 6.042% | |||||||||
| Price to Public: | 99.735% of the principal amount thereof | 99.317% of the principal amount thereof | |||||||||
| Redemption Terms: | |||||||||||
| Make-whole call: | Prior to October 1, 2027, at a discount rate of the Treasury Rate plus 25 basis points | Prior to August 1, 2032, at a discount rate of the Treasury Rate plus 30 basis points | |||||||||
| Par call: | On or after October 1, 2027 at par | On or after August 1, 2032 at par | |||||||||
| CUSIP/ISIN: | 025537AV3/ US025537AV36 | 025537AW1/ US025537AW19 | |||||||||
| Minimum Denomination: | $2,000 and integral multiples of $1,000 in excess thereof | ||||||||||
| Joint Book-Running Managers: | Goldman Sachs & Co. LLC Morgan Stanley & Co. LLC Scotia Capital (USA) Inc. SMBC Nikko Securities America, Inc. | ||||||||||
| Co-Manager: | Credit Suisse Securities (USA) LLC PNC Capital Markets LLC TD Securities (USA) LLC U.S. Bancorp Investments, Inc. Academy Securities, Inc. Siebert Williams Shank & Co., LLC | ||||||||||
| Ratings*: | Baa2 (Stable) by Moody’s Investors Service, Inc. BBB+ (Stable) by S&P Global Ratings, a division of S&P Global Inc. BBB (Stable) by Fitch Ratings, Inc | ||||||||||
