Filed Pursuant to Rule 433
Registration No. 333-133548
November 8, 2007
Underwriting Agreement dated November 8, 2007
Issuer: | Public Service Company of Oklahoma |
Designation: | Senior Notes, Series G, due 2037 |
Principal Amount: | $250,000,000 |
Maturity: | November 15, 2037 |
Coupon | 6.625% |
Interest Payment Dates: | May 15 and November 15 |
First Interest Payment Date: | May 15, 2008 |
Treasury Benchmark: | 4.750% due February 15, 2037 |
Treasury Price: | 101-2 |
Treasury Yield: | 4.683% |
Reoffer Spread: | 2.000% |
Yield to Maturity: | 6.683% |
Price to Public: | 99.253% of the principal amount thereof |
Transaction Date: | November 8, 2007 |
Settlement Date: | November 14, 2007 (T+3) |
Redemption Terms: | At any time at a discount rate of the Treasury Rate plus 30 basis points |
Minimum Denomination: | $1,000 |
CUSIP: | 744533 BJ8 |
Joint Book-Running Managers: | Citigroup Global Markets Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated Morgan Stanley & Co. Incorporated UBS Securities LLC |
Ratings: | Baa1 by Moody’s Investors Service, Inc. BBB by Standard & Poor’s Ratings Services A- by Fitch Ratings Ltd. |
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 calling Citigroup Global Markets Inc. toll free at 1-877-858-5407, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll free at 1-866-500-5408, Morgan Stanley & Co. Incorporated toll free at 1-866-718-1649 or UBS Securities LLC at 1-212-821-3884.