Filed Pursuant to Rule 433
Registration No. 333-155584
Entergy New Orleans, Inc.
$25,000,000
First Mortgage Bonds,
5.10% Series due December 1, 2020
Final Terms and Conditions
November 17, 2010
Issuer: | Entergy New Orleans, Inc. | |
Security Type: | First Mortgage Bonds (SEC Registered) | |
Expected Ratings(1): | Baa3 (stable outlook) by Moody’s Investors Service BBB+ (stable outlook) by Standard & Poor’s Ratings Services | |
Trade Date: | November 17, 2010 | |
Settlement Date (T+4): | November 23, 2010 | |
Principal Amount: | $25,000,000 | |
Coupon: | 5.10% | |
Coupon Payment Dates: | June 1 and December 1 of each year | |
First Payment Date: | June 1, 2011 | |
Final Maturity: | December 1, 2020 | |
Optional Redemption Terms: | Make-whole call at any time prior to September 1, 2020 at a discount rate of Treasury plus 35 bps and, thereafter, at par | |
UST Benchmark: | 2.625% due November 15, 2020 | |
Spread to UST Benchmark: | 225 bps | |
Treasury Price: | 97-26+ | |
Treasury Yield: | 2.877% | |
Re-offer Yield: | 5.127% | |
Issue Price to Public: | 99.789% | |
Underwriter: | BNP Paribas Securities Corp. | |
CUSIP / ISIN: | 29364PAM5 / US29364PAM59 | |
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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 BNP Paribas Securities Corp. toll free at 1-800-854-5674.