Filing under Rule 433
Dated July 6, 2009
Registration No. 333-148527
$300,000,000
NORTHWEST NATURAL GAS COMPANY
Secured Medium-Term Notes, Series B
(A Series of First Mortgage Bonds)
and
Unsecured Medium-Term Notes, Series B
Due from One Year to 30 Years from Date of Issue
CUSIP No.: 66765R BY1
Secured X Unsecured
Principal amount: $50,000,000
Issue price: 99.999%
Net proceeds to Company: $49,749,500
Repayable at the option of holder: Yes No X
Repayment date: Not applicable
Repayment price: Not applicable
Election period: Not applicable
Selling agent: UBS Securities LLC
Type of transaction: Agent | Stated interest rate: 3.95%
Maturity date: July 15, 2014
Settlement date: July 9, 2009
Interest payment dates: January 15 and July 15, commencing January 15, 2010
Regular record dates: January 1 and July 1
Redeemable: Yes X No
In whole In whole or in part X
Fixed redemption price: Yes No X
Initial redemption date: Not applicable
Initial redemption price: Not applicable
Reduction percentage: Not applicable
Redemption limitation date: Not applicable
Make-whole redemption price: Yes X No
Make-whole spread: 0.25% |
The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission 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 Securities and Exchange Commission for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the Securities and Exchange Commission’s Web site atwww.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling UBS Securities LLC toll-free at 1-877-827-6444, ext. 561-3884.
