Filed Pursuant to Rule 433
Registration No. 333-190911-05
Entergy New Orleans, Inc.
$110,000,000
First Mortgage Bonds,
5.50% Series due April 1, 2066
Final Terms and Conditions
March 15, 2016
Issuer: | Entergy New Orleans, Inc. | |
Security Type: | First Mortgage Bonds (SEC Registered) | |
Expected Ratings(1): | Baa2 (stable outlook) by Moody’s Investors Service A- (positive outlook) by Standard & Poor’s Ratings Services | |
Trade Date: | March 15, 2016 | |
Settlement Date (T+5): | March 22, 2016 | |
Principal Amount: | $110,000,000 | |
Interest Rate: | 5.50% | |
Interest Payment Dates: | January 1, April 1, July 1 and October 1 of each year | |
First Interest Payment Date: | July 1, 2016 | |
Final Maturity Date: | April 1, 2066 | |
Optional Redemption Terms: | Callable at par at any time on or after April 1, 2021 | |
Price: | $25.00 per bond | |
Net Proceeds Before Expenses: | $106,918,812.50 | |
Expected Listing: | New York Stock Exchange | |
Joint Book-Running Managers: | Merrill Lynch, Pierce, Fenner & Smith Incorporated | |
Morgan Stanley & Co. LLC | ||
Wells Fargo Securities, LLC | ||
Co-Manager: | Samuel A. Ramirez & Company, Inc. | |
CUSIP / ISIN: | 29364P 103 / US29364P1030 | |
_________________________
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) Merrill Lynch, Pierce, Fenner & Smith Incorporated toll free at 1-800-294-1322, (ii) Morgan Stanley & Co. LLC toll free at 1-800-584-6837 or (iii) Wells Fargo Securities, LLC toll free at 1-800-645-3751.