Filed pursuant to Rule 433(d)
Registration No. 333-170954
Dated June 3, 2013
FINAL TERM SHEET
Issuer: | PacifiCorp |
|
|
Security Type: | First Mortgage Bonds due 2023 |
|
|
Legal Format: | SEC Registered |
|
|
Principal Amount: | $300,000,000 |
|
|
Coupon: | 2.95% |
|
|
Interest Payment Dates: | Semi-annually on June 1 and December 1, commencing on December 1, 2013 |
|
|
Trade Date: | June 3, 2013 |
|
|
Settlement Date: | June 6, 2013 (T+3) |
|
|
Maturity: | June 1, 2023 |
|
|
Treasury Benchmark: | UST 1.75% due May 15, 2023 |
|
|
US Treasury Spot: | 96-18 |
|
|
US Treasury Yield: | 2.135% |
|
|
Spread to Treasury: | +85 basis points |
|
|
Re-offer Yield: | 2.985% |
|
|
Price to Public (Issue Price): | 99.700% of principal amount |
|
|
Optional Redemption: | Prior to March 1, 2023, Make Whole Call at T+15 basis points. On or after March 1, 2023, 100% of the principal amount plus accrued and unpaid interest |
|
|
Denominations: | $2,000 and any integral multiples of $1,000 in excess thereof |
|
|
Joint Book-Running Managers: | RBS Securities Inc. |
| Scotia Capital (USA) Inc. |
| Wells Fargo Securities, LLC |
|
|
Co-Managers: | Barclays Capital Inc. |
| CIBC World Markets Corp. |
| KeyBanc Capital Markets Inc. |
| Mitsubishi UFJ Securities (USA), Inc. |
| RBC Capital Markets, LLC |
| U.S. Bancorp Investments, Inc. |
|
|
CUSIP / ISIN: | 695114 CQ9 / US695114CQ99 |
The issuer has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (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 RBS Securities Inc. at 1-866-884-2071, Scotia Capital (USA) Inc. at 1-800-372-3930 or Wells Fargo Securities, LLC at 1-800-326-5897.
