Final Term Sheet
Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-141416
August 6, 2008
PUBLIC SERVICE COMPANY OF COLORADO
$300,000,000 5.80% FIRST MORTGAGE BONDS, SERIES NO. 18 DUE 2018
$300,000,000 6.50% FIRST MORTGAGE BONDS, SERIES NO. 19 DUE 2038
Issuer: |
| Public Service Company of Colorado | ||
Security Format: |
| SEC Registered | ||
Ratings*: |
| A3/A/A (Stable/Stable/Stable) | ||
Security Type: |
| First Mortgage Bonds | ||
Pricing Date: |
| August 6, 2008 | ||
Settlement Date: |
| August 13, 2008 | ||
Interest Payment Dates: |
| Semi-annually on February 1 and August 1, commencing on February 1, 2009 | ||
Principal Amount: |
| $300,000,000 |
| $300,000,000 |
Maturity Date: |
| August 1, 2018 |
| August 1, 2038 |
Reference Benchmark: |
| 3.875% due May 15, 2018 |
| 5.000% due May 15, 2037 |
Benchmark Price: |
| 98-14 |
| 105-00 |
Benchmark Yield: |
| 4.070% |
| 4.681% |
Re-offer Spread: |
| +175 bps |
| +185 bps |
Re-offer Yield: |
| 5.820% |
| 6.531% |
Coupon: |
| 5.800% |
| 6.500% |
Issue Price to Public: |
| 99.853% |
| 99.598% |
Make-Whole Call: |
| At any time at Treasury plus 30 bps |
| At any time at Treasury plus 30 bps |
CUSIP: |
| 744448 CB5 |
| 744448 CA7 |
Minimum Denominations: |
| $2,000/$1,000 in excess thereof |
|
|
Joint Bookrunners: |
| Goldman, Sachs & Co. Lehman Brothers Inc. | ||
Co-Managers: |
| BMO Capital Markets Corp. Mitsubishi UFJ Securities International plc Scotia Capital (USA) 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 website 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 Goldman, Sachs & Co. toll free at 866-471-2526 or by calling Lehman Brothers Inc. toll free at 888-603-5847.
