Time of Sale Information
Final Term Sheet
Filed Pursuant to Rule 433(d)
Registration Statement No. 333-202565-01
May 15, 2015
| Issuer: | Tampa Electric Company | |
| Principal Amount: | $250,000,000 | |
| Maturity: | May 15, 2045 | |
| Coupon: | 4.200% | |
| Initial Price to Public: | 99.814% | |
| Yield to Maturity: | 4.211% | |
| Spread to Benchmark Treasury: | + 127 bps | |
| Benchmark Treasury: | 3.000% due November 15, 2044 | |
| Benchmark Treasury Yield: | 2.941% | |
| Interest Payment Dates: | May 15 and November 15, commencing November 15, 2015 | |
| Optional Redemption: | Make-whole call at any time prior to November 15, 2044 at a discount rate of Treasury plus 20 bps and, thereafter, at par | |
| Settlement: | T+3; May 20, 2015 | |
| Ratings*(Moody’s/S&P/Fitch): | A2 / BBB+ / A- | |
| CUSIP: | 875127 BD3 | |
| Joint Book-Running Managers: | BNY Mellon Capital Markets, LLC Mitsubishi UFJ Securities (USA), Inc. RBC Capital Markets, LLC SunTrust Robinson Humphrey, Inc. | |
| Co-Managers: | Fifth Third Securities, Inc. Scotia Capital (USA) Inc. The Williams Capital Group, L.P. |
| * | 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 BNY Mellon Capital Markets, LLC at 800-269-6864, Mitsubishi UFJ Securities (USA), Inc. at 877-649-6848, RBC Capital Markets, LLC at 866-375-6829 or SunTrust Robinson Humphrey, Inc. at 800-685-4786.
