Filed Pursuant to Rule 433 |
Issuer Free Writing Prospectus |
Registration No. 333-188309-01 |
March 18, 2014 |
OKLAHOMA GAS AND ELECTRIC COMPANY
$250,000,000 4.55% SENIOR NOTES, SERIES DUE MARCH 15, 2044
Issuer |
| Oklahoma Gas and Electric Company |
Ratings (Moody’s / S&P / Fitch) |
| A1 (Stable) / A- (Stable) / A+ (Stable) |
Amount |
| $250,000,000 |
Collateral Type |
| Senior Unsecured Notes |
Type |
| SEC Registered |
Trade Date |
| March 18, 2014 |
Settlement Date (T+5) |
| March 25, 2014 |
Maturity |
| March 15, 2044 |
Coupon Payment Dates |
| Semi-annual payments on March 15 and September 15 of each year, beginning September 15, 2014 |
Make Whole Call |
| T + 15 bps (at any time before September 15, 2043) |
Par Call |
| At any time on or after September 15, 2043 |
Benchmark |
| 3.75% due November 15, 2043 |
Benchmark Yield |
| 3.62% |
Reoffer Spread |
| T+95 bps |
Reoffer Yield |
| 4.57% |
Coupon |
| 4.55% |
Price |
| 99.677% |
Joint Bookrunners |
| J.P. Morgan Securities LLC |
|
| Mitsubishi UFJ Securities (USA), Inc. |
|
| Mizuho Securities USA Inc. |
Co-manager(s) |
| Deutsche Bank Securities Inc. |
|
| KeyBanc Capital Markets Inc. |
|
| Morgan Stanley & Co. LLC |
|
| UMB Financial Services, Inc. |
CUSIP |
| 678858BP5 |
ISIN |
| US678858BP55 |
Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawn at any time.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 Web site at www.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 J.P. Morgan Securities LLC at (212) 834-4533, Mitsubishi UFJ Securities (USA), Inc. toll-free at (877) 649-6848 or Mizuho Securities USA Inc. at (888) 271-7403.
