Filed Pursuant to Rule 433
Registration No. 333-169315
Entergy Corporation
$550,000,000
3.625% Senior Notes due September 15, 2015
Final Terms and Conditions
September 13, 2010
Issuer: | Entergy Corporation | |
Security Type: | Senior Notes (SEC Registered) | |
Expected Ratings(1): | Baa3 (stable outlook) by Moody’s Investors Service BBB- (stable outlook) by Standard & Poor’s Ratings Services | |
Trade Date: | September 13, 2010 | |
Settlement Date (T+3): | September 16, 2010 | |
Principal Amount: | $550,000,000 | |
Coupon: | 3.625% | |
Coupon Payment Dates: | March 15 and September 15 of each year | |
First Payment Date: | March 15, 2011 | |
Final Maturity: | September 15, 2015 | |
Optional Redemption Terms: | Make-whole call at any time at a discount rate of Treasury plus 35 bps | |
UST Benchmark: | 1.250% due August 31, 2015 | |
Spread to UST Benchmark: | +212.5 bps | |
Treasury Price: | 98-23 ¼ | |
Treasury Yield: | 1.517% | |
Re-offer Yield: | 3.642% | |
Issue Price to Public: | 99.923% | |
Net Proceeds Before Expenses: | $546,276,500 | |
Joint Bookrunners: | Morgan Stanley & Co. Incorporated | |
Barclays Capital Inc. | ||
BNP Paribas Securities Corp. | ||
Citigroup Global Markets Inc. | ||
Goldman, Sachs & Co. | ||
J.P. Morgan Securities LLC | ||
RBS Securities Inc. | ||
Wells Fargo Securities, LLC | ||
Co-Managers: | BNY Mellon Capital Markets, LLC | |
Crédit Agricole Securities (USA) Inc. | ||
KeyBanc Capital Markets Inc. | ||
Mitsubishi UFJ Securities (USA), Inc. | ||
Mizuho Securities USA Inc. | ||
Scotia Capital (USA) Inc. | ||
CUSIP / ISIN: | 29364G AE3 / US29364GAE35 |
___________________________
1 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 website at www.sec.gov.
Alternatively, a copy of the prospectus for the offering can be obtained by calling (i) Morgan Stanley & Co. Incorporated toll free at 1-866-718-1649, (ii) BNP Paribas Securities Corp. toll free at 1-800-854-5674, (iii) Citigroup Global Markets Inc. toll free at 1-877-858-5407, and (iv) RBS Securities Inc. toll free at 1-866-884-2071.
Entergy Corporation
$450,000,000
5.125% Senior Notes due September 15, 2020
Final Terms and Conditions
September 13, 2010
Issuer: | Entergy Corporation | |
Security Type: | Senior Notes (SEC Registered) | |
Expected Ratings(1): | Baa3 (stable outlook) by Moody’s Investors Service BBB- (stable outlook) by Standard & Poor’s Ratings Services | |
Trade Date: | September 13, 2010 | |
Settlement Date (T+3): | September 16, 2010 | |
Principal Amount: | $450,000,000 | |
Coupon: | 5.125% | |
Coupon Payment Dates: | March 15 and September 15 of each year | |
First Payment Date: | March 15, 2011 | |
Final Maturity: | September 15, 2020 | |
Optional Redemption Terms: | Make-whole call at any time prior to June 15, 2020 at a discount rate of Treasury plus 40 bps and, thereafter, at par | |
UST Benchmark: | 2.625% due August 15, 2020 | |
Spread to UST Benchmark: | +237.5 bps | |
Treasury Price: | 98-29 | |
Treasury Yield: | 2.752% | |
Re-offer Yield: | 5.127% | |
Issue Price to Public: | 99.985% | |
Net Proceeds Before Expenses: | $447,007,500 | |
Joint Bookrunners: | Morgan Stanley & Co. Incorporated | |
Barclays Capital Inc. | ||
BNP Paribas Securities Corp. | ||
Citigroup Global Markets Inc. | ||
Goldman, Sachs & Co. | ||
J.P. Morgan Securities LLC | ||
RBS Securities Inc. | ||
Wells Fargo Securities, LLC | ||
Co-Managers: | BNY Mellon Capital Markets, LLC | |
Crédit Agricole Securities (USA) Inc. | ||
KeyBanc Capital Markets Inc. | ||
Mitsubishi UFJ Securities (USA), Inc. | ||
Mizuho Securities USA Inc. | ||
Scotia Capital (USA) Inc. | ||
CUSIP / ISIN: | 29364G AF0 / US29364GAF00 |
___________________________
1 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 website at www.sec.gov.
Alternatively, a copy of the prospectus for the offering can be obtained by calling (i) Morgan Stanley & Co. Incorporated toll free at 1-866-718-1649, (ii) BNP Paribas Securities Corp. toll free at 1-800-854-5674, (iii) Citigroup Global Markets Inc. toll free at 1-877-858-5407, and (iv) RBS Securities Inc. toll free at 1-866-884-2071.