Final Term Sheet
Filed Pursuant to Rule 433(d)
Registration Statement No. 333-179719-02
September 19, 2012
Issuer: | Tampa Electric Company | |
Principal Amount: | $250,000,000 | |
Maturity: | September 15, 2022 | |
Coupon: | 2.600% | |
Initial Price to Public: | 99.878% | |
Yield to Maturity: | 2.614% | |
Spread to Benchmark Treasury: | +83 bps | |
Benchmark Treasury: | 1.625% due August 15, 2022 | |
Benchmark Treasury Yield: | 1.784% | |
Interest Payment Dates: | March 15 and September 15, commencing March 15, 2013 | |
Redemption Provisions: | ||
Optional Redemption: | Make-whole call at any time prior to June 15, 2022 at a discount rate of Treasury plus 15 bps and, thereafter, at par | |
Settlement: | T+7; September 28, 2012 | |
Ratings*(Moody’s/S&P/Fitch): | A3 / BBB+ / A- | |
CUSIP: | 875127BB7 | |
Joint Book-Running Managers: | Citigroup Global Markets Inc. J.P. Morgan Securities LLC Morgan Stanley & Co. LLC |
*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) and a prospectus supplement with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the prospectus supplement 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 and the prospectus supplement if you request it by calling Citigroup Global Markets Inc. at (877) 858-5407, J.P. Morgan Securities LLC collect at (212) 834-4533 or Morgan Stanley & Co. LLC at (866) 718-1649.
