Time of Sale Information
Final Term Sheet
Filed Pursuant to Rule 433(d)
Registration StatementNo. 333-216310
June 4, 2018
Issuer: | Tampa Electric Company | |
Principal Amount: | $350,000,000 | |
Maturity: | June 15, 2048 | |
Coupon: | 4.30% | |
Initial Price to Public: | 99.464% | |
Yield to Maturity: | 4.332% | |
Spread to Benchmark Treasury: | + 125 bps | |
Benchmark Treasury: | 3.00% due February 15, 2048 | |
Benchmark Treasury Yield: | 3.082% | |
Interest Payment Dates: | June 15 and December 15, commencing December 15, 2018 | |
Optional Redemption: | Make-whole call at any time prior to December 15, 2047 at a discount rate of Treasury plus 20 bps and, thereafter, at par | |
Settlement: | T+3; June 7, 2018 | |
Ratings*(Moody’s/S&P): | A3 / BBB+ | |
CUSIP: | 875127 BE1 | |
Joint Book-Running Managers: | J.P. Morgan Securities LLC RBC Capital Markets, LLC Scotia Capital (USA) Inc. MUFG Securities Americas Inc. Wells Fargo Securities, LLC | |
Co-Managers: | Merrill Lynch, Pierce, Fenner & Smith Incorporated BNY Mellon Capital Markets, LLC CIBC World Markets Corp. Morgan Stanley & Co. LLC SunTrust Robinson Humphrey, Inc. TD Securities (USA) 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 J.P. Morgan Securities LLC at212-834-4355, RBC Capital Markets, LLC at866-375-6829 or Scotia Capital (USA) Inc. at1-800-372-3930.