Pricing Term Sheet
Filed Pursuant to Rule 433(d)
Registration No. 333-260807
December 6, 2021
| Issuer: | WEC Energy Group, Inc. | |
| Security: | 2.20% Senior Notes due December 15, 2028 | |
| Principal Amount: | $500,000,000 | |
| Maturity: | December 15, 2028 | |
| Coupon: | 2.20% | |
| Initial Price to Public: | 99.761% per Senior Note | |
| Yield to Maturity: | 2.237% | |
| Spread to Benchmark Treasury: | +85 basis points | |
| Benchmark Treasury: | UST 1.50% due November 30, 2028 | |
| Benchmark Treasury Yield: | 1.387% | |
| Interest Payment Dates: | June 15 and December 15, commencing June 15, 2022 | |
| Optional Redemption: | At any time prior to October 15, 2028 (the date that is two months prior to maturity, which is referred to herein as the “Early Call Date”), the Senior Notes will be redeemable in whole or in part from time to time, at the option of the Issuer, at a “make-whole” redemption price equal to the greater of (1) 100% of the principal amount of the Senior Notes being redeemed or (2) the sum of the present values of the remaining scheduled payments of principal and interest on the Senior Notes being redeemed that would be due if such Senior Notes matured on the Early Call Date but for the redemption (exclusive of interest accrued to the date of redemption) discounted to the redemption date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 15 basis points, plus in each case accrued and unpaid interest to, but not including, the redemption date. At any time on or after the Early Call Date, the Issuer may redeem the Senior Notes, in whole or in part from time to time, at 100% of the principal amount of the Senior Notes being redeemed plus accrued and unpaid interest to, but not including the redemption date. | |
| Trade Date: | December 6, 2021 | |
| Expected Settlement Date: | T+5, December 13, 2021 | |
| Expected Ratings* (Moody’s/S&P/Fitch): | Baa1 (stable) / BBB+ (stable) / BBB+ (stable) | |
| CUSIP / ISIN: | 92939U AG1 / US92939UAG13 | |
| Joint Book-Running Managers: | J.P. Morgan Securities LLC PNC Capital Markets LLC Scotia Capital (USA) Inc. U.S. Bancorp Investments, Inc. | |
| Co-Managers: | Comerica Securities, Inc. Samuel A. Ramirez & Company, Inc. |
* Note: 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 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 contacting J.P. Morgan Securities LLC collect at 1-212-834-4533, PNC Capital Markets LLC toll-free at 1-855-881-0697, Scotia Capital (USA) Inc. toll-free at 1-800-372-3930 or U.S. Bancorp Investments, Inc. toll-free at 1-877-558-2607.
