Filed Pursuant to Rule 433
Registration No. 333-177789
October 2, 2013
U.S.$625,000,000
TransCanada PipeLines Limited
3.750% Senior Notes due 2023
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Issuer: |
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TransCanada PipeLines Limited |
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Security: |
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3.750% Senior Notes due 2023 |
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Size: |
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U.S.$625,000,000 |
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Maturity Date: |
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October 16, 2023 |
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Coupon: |
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3.750% |
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Interest Payment Dates: |
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April 16 and October 16, commencing April 16, 2014 |
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Price to Public: |
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99.371% |
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Benchmark Treasury: |
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2.500% due August 2023 |
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Benchmark Treasury Yield: |
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2.626% |
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Spread to Benchmark Treasury: |
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+120 basis points |
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Yield: |
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3.826% |
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Redemption: |
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At any time prior to July 16, 2023, at the greater of par or a discount rate of Treasury plus 20 basis points |
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At Par Redemption: |
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On or after July 16, 2023 |
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Trade Date: |
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October 2, 2013 |
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Expected Settlement Date: |
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October 7, 2013 (T+3) |
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CUSIP: |
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89352H AK5 |
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ISIN: |
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CA89352HAK55 |
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Anticipated Ratings: |
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A3 by Moody’s Investors Service, Inc. A- by Standard & Poor’s Ratings Services A (low) DBRS Limited |
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Joint Bookrunners: |
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Deutsche Bank Securities Inc. J.P. Morgan Securities LLC |
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Co-Managers: |
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Citigroup Global Markets Inc. HSBC Securities (USA) Inc. Mitsubishi UFJ Securities (USA), Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated Mizuho Securities USA, Inc. UBS Securities 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) 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 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 if you request it by calling Deutsche Bank Securities Inc. toll free at (800) 503-4611 or J.P. Morgan Securities LLC collect at (212) 834-4533.
Filed Pursuant to Rule 433
Registration No. 333-177789
October 2, 2013
U.S.$625,000,000
TransCanada PipeLines Limited
5.000% Senior Notes due 2043
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Issuer: |
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TransCanada PipeLines Limited |
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Security: |
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5.000% Senior Notes due 2043 |
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Size: |
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U.S.$625,000,000 |
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Maturity Date: |
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October 16, 2043 |
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Coupon: |
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5.000% |
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Interest Payment Dates: |
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April 16 and October 16, commencing April 16, 2014 |
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Price to Public: |
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99.291% |
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Benchmark Treasury: |
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2.875% due May 2043 |
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Benchmark Treasury Yield: |
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3.746% |
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Spread to Benchmark Treasury: |
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+130 basis points |
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Yield: |
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5.046% |
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Redemption: |
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At any time prior to April 16, 2043, at the greater of par or a discount rate of Treasury plus 20 basis points |
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At Par Redemption: |
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On or after April 16, 2043 |
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Trade Date: |
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October 2, 2013 |
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Expected Settlement Date: |
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October 7, 2013 (T+3) |
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CUSIP: |
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89352H AL3 |
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ISIN: |
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CA89352HAL39 |
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Anticipated Ratings: |
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A3 by Moody’s Investors Service, Inc. A- by Standard & Poor’s Ratings Services A (low) DBRS Limited |
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Joint Bookrunners: |
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Deutsche Bank Securities Inc. J.P. Morgan Securities LLC |
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Co-Managers: |
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Citigroup Global Markets Inc. HSBC Securities (USA) Inc. Mitsubishi UFJ Securities (USA), Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated Mizuho Securities USA, Inc. UBS Securities 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) 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 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 if you request it by calling Deutsche Bank Securities Inc. toll free at (800) 503-4611 or J.P. Morgan Securities LLC collect at (212) 834-4533.