Filed Pursuant to Rule 433
Registration No. 333-190911
Entergy Corporation
$750,000,000
2.95% Senior Notes due September 1, 2026
Final Terms and Conditions
August 16, 2016
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| Issuer: | | Entergy Corporation |
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| Security Type: | | Senior Notes (SEC Registered) |
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Expected Ratings(1): | | Baa3 (positive outlook) by Moody’s Investors Service BBB (stable outlook) by Standard & Poor’s Ratings Services |
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| Trade Date: | | August 16, 2016 |
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| Settlement Date (T+3): | | August 19, 2016 |
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| Principal Amount: | | $750,000,000 |
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| Interest Rate: | | 2.95% |
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| Interest Payment Dates: | | March 1 and September 1 of each year |
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| First Interest Payment Date: | | March 1, 2017 |
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| Final Maturity Date: | | September 1, 2026 |
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| Optional Redemption Terms: | | Make-whole call at any time prior to June 1, 2026 at a discount rate of Treasury plus 25 bps and, thereafter, at par |
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| Benchmark Treasury: | | 1.50% due August 15, 2026 |
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| Spread to Benchmark Treasury: | | +140 bps |
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| Benchmark Treasury Price: | | 99-09+ |
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| Benchmark Treasury Yield: | | 1.576% |
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| Re-offer Yield: | | 2.976% |
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| Price to Public: | | 99.775% |
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| Net Proceeds Before Expenses: | | $743,437,500 |
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| CUSIP / ISIN: | | 29364G AJ2 / US29364GAJ22 |
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| Joint Book-Running Managers: | | Barclays Capital Inc. |
| | | Citigroup Global Markets Inc. |
| | | J.P. Morgan Securities LLC |
| | | Morgan Stanley & Co. LLC |
| | | BNP Paribas Securities Corp. |
| | | Mizuho Securities USA Inc. |
| | | MUFG Securities Americas Inc. |
| | | Scotia Capital (USA) Inc. |
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1 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 website at www.sec.gov.
Alternatively, a copy of the prospectus for the offering can be obtained by calling (i) Barclays Capital Inc. toll free at 1-888-603-5847, (ii) BNP Paribas Securities Corp. toll free at 1-800-854-5674, (iii) Citigroup Global Markets Inc. toll free at 1-800-831-9146, (iv) J.P. Morgan Securities LLC collect at 1-212-834-4533, (v) MUFG Securities Americas Inc. toll free at 1-877-649-6848, (vi) Mizuho Securities USA Inc. toll free at 1-866-271-7403, (vii) Morgan Stanley & Co. LLC toll free at 1-866-718-1649 and (viii) Scotia Capital (USA) Inc. toll free at 1-800-372-3930.
