Filed pursuant to Rule 433
Registration No. 333-156319
November 9, 2009
PRICING TERM SHEET
Underwriting Agreement dated November 9, 2009
Issuer: | Public Service Company of Oklahoma |
Designation: | Senior Notes, Series H, due 2019 |
Principal Amount: | $250,000,000 |
Maturity Date: | December 1, 2019 |
Coupon: | 5.15% |
Interest Payment Dates: | June 1, December 1 |
First Interest Payment Date: | June 1, 2010 |
Treasury Benchmark: | 3.625% due August 15, 2019 |
Treasury Price: | 101-4+ |
Treasury Yield: | 3.486% |
Reoffer Spread: | T+170 basis points |
Yield to Maturity: | 5.186% |
Price to Public: | 99.717% of the principal amount thereof |
Transaction Date: | November 9, 2009 |
Settlement Date: | November 13, 2009 (T+3) |
Redemption Terms: | At any time at a discount rate of the Treasury Rate plus 25 basis points |
Minimum Denominations: | $1,000 and integral multiples thereof |
CUSIP: | 744533 BK5 |
Joint Book-Running Managers: Co-Managers: | Barclays Capital Inc. BNY Mellon Capital Markets, LLC Citigroup Global Markets Inc. BBVA Securities Inc. Mizuho Securities USA Inc. SunTrust Robinson Humphrey, Inc. |
Ratings: | Baa1 by Moody’s Investors Service, Inc. BBB by Standard & Poor’s Ratings Services BBB+ 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 Barclays Capital Inc. toll free at 1-888-603-5847, BNY Mellon Capital Markets, LLC toll-free at 1-800-269-6864, or Citigroup Global Markets Inc. toll free at 1-877-858-5407.