Filed Pursuant to Rule 433
Registration No. 333-235546
October 7, 2021
U.S.$1,250,000,000
TransCanada PipeLines Limited
1.000% Senior Notes due 2024
Issuer: | TransCanada PipeLines Limited |
Security: | 1.000% Senior Notes due 2024 |
Size: | U.S.$1,250,000,000 |
Maturity Date: | October 12, 2024 |
Coupon: | 1.000% |
Interest Payment Dates: | April 12 and October 12, commencing on April 12, 2022 |
Price to Public: | 99.971% |
Benchmark Treasury: | 0.375% due September 15, 2024 |
Benchmark Treasury Price and Yield: | 99-14¾/0.560% |
Spread to Benchmark Treasury: | 45 basis points |
Yield: | 1.010% |
Optional Redemption: | At any time at the greater of par or a discount rate of Treasury plus 10 basis points |
At Par Redemption: | On or after September 12, 2024 |
Trade Date: | October 7, 2021 |
Expected Settlement Date: | October 12, 2021 (T+2) |
CUSIP: | 89352H BB4 |
ISIN: | US89352HBB42 |
Joint Bookrunners: | Mizuho Securities USA LLC HSBC Securities (USA) Inc. |
Co-Managers: | Citigroup Global Markets Inc. Deutsche Bank Securities Inc. J.P. Morgan Securities LLC Credit Suisse Securities (USA) 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 www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Mizuho Securities USA LLC collect at +1 (866) 271-7403 or HSBC Securities (USA) Inc. toll free at +1 (866) 811-8049.
U.S.$1,000,000,000
TransCanada PipeLines Limited
2.500% Senior Notes due 2031
Issuer: | TransCanada PipeLines Limited |
Security: | 2.500% Senior Notes due 2031 |
Size: | U.S.$1,000,000,000 |
Maturity Date: | October 12, 2031 |
Coupon: | 2.500% |
Interest Payment Dates: | April 12 and October 12, commencing on April 12, 2022 |
Price to Public: | 99.342% |
Benchmark Treasury: | 1.250% due August 15, 2031 |
Benchmark Treasury Price and Yield: | 97-01+/1.575% |
Spread to Benchmark Treasury: | 100 basis points |
Yield: | 2.575% |
Optional Redemption: | At any time at the greater of par or a discount rate of Treasury plus 15 basis points |
At Par Redemption: | On or after July 12, 2031 |
Trade Date: | October 7, 2021 |
Expected Settlement Date: | October 12, 2021 (T+2) |
CUSIP: | 89352H BC2 |
ISIN: | US89352HBC25 |
Joint Bookrunners: | Mizuho Securities USA LLC HSBC Securities (USA) Inc. |
Co-Managers: | Citigroup Global Markets Inc. Deutsche Bank Securities Inc. J.P. Morgan Securities LLC Credit Suisse Securities (USA) 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 www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Mizuho Securities USA LLC collect at +1 (866) 271-7403 or HSBC Securities (USA) Inc. toll free at +1 (866) 811-8049.