Filed pursuant to Rule 433
Registration No. 333-145208-01
South Carolina Electric & Gas Company
FINAL TERM SHEET
Dated: September 25, 2008
| Issuer: | South Carolina Electric & Gas Company | |
Size: | $300,000,000 | |
Expected Ratings: | Moody's: A2 (stable outlook); S&P: A- (negative outlook); Fitch: A+ (negative outlook). A securities rating is not a recommendation to buy, sell or hold securities and may be subject to review, revision, suspension, reduction or withdrawal at any time by the assigning rating agency. | |
Maturity: | November 1, 2018 | |
Coupon (Interest Rate): | 6.50% | |
Yield to Maturity: | 6.538% | |
Spread to Benchmark Treasury: | +265 basis points (2.65%) | |
Benchmark Treasury: | 4.00% due August 15, 2018 | |
Benchmark Treasury Price and Yield: | 100-29/3.888% | |
Interest Payment Dates: | May 1 and November 1, commencing May 1, 2009 | |
Redemption Provision: | Make whole call at Adjusted Treasury Rate +40 basis points (0.40%) | |
Underwriters' Discount or Commission: | ..650% | |
Net Proceeds to Issuer: | $297,189,000 | |
Price to Public: | 99.713% | |
Settlement Date: | October 2, 2008 (T+5) | |
Denominations: | $1,000 × $1,000 | |
CUSIP: | 837004 CC2 |
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:
| Banc of America Securities LLC— | 1-(800)-294-1322 (toll free) | |
Credit Suisse Securities (USA) LLC— | 1-(800)-221-1037 (toll free) | |
Wachovia Capital Markets, LLC— | 1-(800) 326-5897 (toll free) |
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