Filed Pursuant to Rule 433
Registration No: 333-151119
$125,000,000 6.375% SENIOR NOTES DUE DECEMBER 1, 2015
FINAL TERMS AND CONDITIONS
Issuer: | Wisconsin Public Service Corporation |
Issue Format: | SEC Registered |
Ratings: | Aa3/A+ (Stable/Negative) |
Note Type: | Fallaway First Mortgage Bonds |
Total Principal Amount: | $125,000,000 |
Pricing Date: | December 1, 2008 |
Settlement Date: | December 5, 2008 (T+4) |
Maturity Date: | December 1, 2015 |
Interest Payment Dates: | Each June 1 and December 1, commencing on June 1, 2009 |
Reference Benchmark: | UST 4.500% due November 15, 2015 |
Benchmark Price: | 115-30 |
Benchmark Yield: | 2.030% |
Re-offer Spread: | 434.5 bps |
Re-offer Yield: | 6.375% |
Coupon: | 6.375% |
Re-offer / Issue Price: | 100.000% |
Make-Whole Call: | T+50 bps |
Minimum Denominations: | $1,000 x $1,000 |
Use of Proceeds: | Pay costs of construction or acquisition of utility capital assets; retire short-term indebtedness for construction, acquisition and other corporate utility purposes; or other general corporate utility purposes |
CUSIP: | 976843 BG6 |
Joint Bookrunners: | Banc of America Securities LLC, Citigroup Global Markets Inc., J.P. Morgan Securities Inc., and UBS Securities LLC |
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’s Website at www.sec.gov. Alternatively, the issuer, any underwriter or dealer participating in the offering will arrange to send you the prospectus if you request it by calling Banc of America Securities LLC at 1-800-294-1322; Citigroup Global Markets Inc. at 1-877-858-5407; J.P. Morgan Securities Inc. at 1-212-834-4533; or UBS Securities LLC at 1-877-827-6444, ext. 561-3884; or through your usual contact at Banc of America Securities LLC, Citigroup Global Markets Inc., J.P. Morgan Securities Inc., or UBS Securities LLC.