<SEC-DOCUMENT>0001104659-21-077784.txt : 20210607
<SEC-HEADER>0001104659-21-077784.hdr.sgml : 20210607
<ACCEPTANCE-DATETIME>20210607172002
ACCESSION NUMBER:		0001104659-21-077784
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20210607
DATE AS OF CHANGE:		20210607

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Duke Energy CORP
		CENTRAL INDEX KEY:			0001326160
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC & OTHER SERVICES COMBINED [4931]
		IRS NUMBER:				202777218
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-233896
		FILM NUMBER:		211000415

	BUSINESS ADDRESS:	
		STREET 1:		550 SOUTH TRYON STREET
		STREET 2:		DEC45A
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		980-373-9093

	MAIL ADDRESS:	
		STREET 1:		550 SOUTH TRYON STREET
		STREET 2:		DEC45A
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Duke Energy Holding Corp.
		DATE OF NAME CHANGE:	20050628

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Deer Holding Corp.
		DATE OF NAME CHANGE:	20050504

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Duke Energy CORP
		CENTRAL INDEX KEY:			0001326160
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC & OTHER SERVICES COMBINED [4931]
		IRS NUMBER:				202777218
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		550 SOUTH TRYON STREET
		STREET 2:		DEC45A
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		980-373-9093

	MAIL ADDRESS:	
		STREET 1:		550 SOUTH TRYON STREET
		STREET 2:		DEC45A
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Duke Energy Holding Corp.
		DATE OF NAME CHANGE:	20050628

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Deer Holding Corp.
		DATE OF NAME CHANGE:	20050504
</SEC-HEADER>
<DOCUMENT>
<TYPE>FWP
<SEQUENCE>1
<FILENAME>a21-18340_4fwp.htm
<DESCRIPTION>FWP
<TEXT>


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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">&nbsp;</font></i></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><i><font size="2" face="Times New Roman" style="font-size:11.0pt;font-style:italic;font-weight:bold;">Filed pursuant to Rule 433</font></i></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><i><font size="2" face="Times New Roman" style="font-size:11.0pt;font-style:italic;font-weight:bold;">June 7, 2021</font></i></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><i><font size="2" face="Times New Roman" style="font-size:11.0pt;font-style:italic;font-weight:bold;">Relating to</font></i></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><i><font size="2" face="Times New Roman" style="font-size:11.0pt;font-style:italic;font-weight:bold;">Preliminary Prospectus Supplement dated June 7, 2021</font></i></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><i><font size="2" face="Times New Roman" style="font-size:11.0pt;font-style:italic;font-weight:bold;">to</font></i></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><i><font size="2" face="Times New Roman" style="font-size:11.0pt;font-style:italic;font-weight:bold;">Prospectus dated September 23, 2019</font></i></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><i><font size="2" face="Times New Roman" style="font-size:11.0pt;font-style:italic;font-weight:bold;">Registration Statement No. 333-233896</font></i></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:11.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Duke Energy Corporation<br> $500,000,000 Floating Rate Senior Notes due 2023</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">$1,000,000,000 2.55% Senior Notes due 2031<br> $750,000,000 3.30% Senior Notes due 2041<br> $750,000,000 3.50% Senior Notes due 2051</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p align="center" style="line-height:95%;margin:0in 0in 12.0pt;text-align:center;"><u><font size="3" face="Times New Roman" style="font-size:12.0pt;line-height:95%;">Pricing Term Sheet</font></u></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Issuer:</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Duke Energy Corporation (the &#147;<b>Issuer</b>&#148;)</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Trade Date:</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">June&nbsp;7, 2021</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Settlement:</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">June&nbsp;10, 2021 (T+3)</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Expected Ratings (Moody&#146;s/S&amp;P)</font><font size="1" style="font-size:8.0pt;position:relative;top:-4.0pt;">*</font><font size="3" style="font-size:12.0pt;">:</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Baa2 (Stable) / BBB (Stable)</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Security Description:</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Floating Rate Senior Notes due 2023 (the   &#147;<b>Floating Rate Notes</b>&#148;)<br>   2.55% Senior Notes due 2031 (the &#147;<b><font style="font-weight:bold;">2031</font> Fixed Rate Notes</b>&#148;)<br>   3.30% Senior Notes due 2041 (the &#147;<b><font style="font-weight:bold;">2041</font> Fixed Rate Notes</b>&#148;)<br>   3.50% Senior Notes due 2051 (the &#147;<b><font style="font-weight:bold;">2051</font> Fixed Rate Notes</b>&#148; and together   with the 2031 Fixed Rate Notes and the 2041 Fixed Rate Notes, the &#147;<b>Fixed Rate Notes</b>&#148;)</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Principal Amount:</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Floating Rate   Notes</font><font size="3" style="font-size:12.0pt;">: $500,000,000<br>   2031 Fixed Rate Notes: $1,000,000,000<br>   2041 Fixed Rate Notes: $750,000,000<br>   2051 Fixed Rate Notes: $750,000,000</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Interest Payment Dates:</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="3" color="black" face="Times New Roman" style="background:white;color:black;font-size:12.0pt;">Floating Rate Notes:   Payable quarterly in arrears on March 10, June 10, September 10 and December   10, beginning on September 10, 2021.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Fixed Rate Notes: Payable semi-annually in arrears on </font><font size="3" style="font-size:12.0pt;">June 15 and December 15 of each year,   beginning on December 15, 2021</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Maturity Date:</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Floating Rate   Notes</font><font size="3" style="font-size:12.0pt;">: June&nbsp;10, 2023<br>   2031 Fixed Rate Notes: June&nbsp;15, 2031<br>   2041 Fixed Rate Notes: June&nbsp;15, 2041<br>   2051 Fixed Rate Notes: June&nbsp;15, 2051</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Benchmark Treasury:</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Floating Rate   Notes</font><font size="3" style="font-size:12.0pt;">: N/A<br>   2031 Fixed Rate Notes: 1.625% due May&nbsp;15, 2031<br>   2041 Fixed Rate Notes: 2.250% due May&nbsp;15, 2041<br>   2051 Fixed Rate Notes: 1.875% due February&nbsp;15, 2051</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Benchmark Treasury Yield:</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Floating Rate   Notes: N/A</font><font size="3" style="font-size:12.0pt;"><br>   2031 Fixed Rate Notes: 1.565%<br>   2041 Fixed Rate Notes: 2.167%<br>   2051 Fixed Rate Notes: 2.252%</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Spread to Benchmark Treasury:</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Floating Rate   Notes: N/A</font><font size="3" style="font-size:12.0pt;"><br>   2031 Fixed Rate Notes: +100 bps<br>   2041 Fixed Rate Notes: +115 bps<br>   2051 Fixed Rate Notes: +125 bps</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Yield to Maturity:</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Floating Rate   Notes: N/A</font><font size="3" style="font-size:12.0pt;"><br>   2031 Fixed Rate Notes: 2.565%<br>   2041 Fixed Rate Notes: 3.317%<br>   2051 Fixed Rate Notes: 3.502%</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Coupon:</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Floating Rate   Notes</font><font size="3" style="font-size:12.0pt;">: Floating rate based on Compounded SOFR   plus 0.25%; calculated quarterly<br>   2031 Fixed Rate Notes: 2.55% <br>   2041 Fixed Rate Notes: 3.30% <br>   2051 Fixed Rate Notes: 3.50% </font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Price to the Public:</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Floating Rate   Notes: 100% per Floating Rate Note (plus accrued interest, if any, from   June&nbsp;10, 2021)</font><font size="3" style="font-size:12.0pt;"><br> &nbsp;2031 Fixed Rate Notes: 99.868% per   2031 Fixed Rate Note (plus accrued interest, if any, from June&nbsp;10, 2021)<br>   2041 Fixed Rate Notes: 99.752% per 2041 Fixed Rate Note (plus accrued   interest, if any, from June&nbsp;10, 2021)<br>   2051 Fixed Rate Notes: 99.963% per 2051 Fixed Rate Note (plus accrued   interest, if any, from June&nbsp;10, 2021)</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Redemption   Provisions:</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="3" color="black" face="Times New Roman" style="color:black;font-size:12.0pt;">The Floating Rate Notes may not be redeemed prior to   their maturity.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="3" color="black" face="Times New Roman" style="color:black;font-size:12.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Each series of   Fixed Rate Notes may be redeemed at any time before the applicable Par Call   Date (as set forth in the table below), in whole or in part and from time to   time, at a redemption price equal to the greater of&nbsp; (1)&nbsp;100% of the principal amount of   such series of Fixed Rate Notes being redeemed and (2)&nbsp;the sum of the   present values of the remaining scheduled payments of principal and interest   on such series of Fixed Rate Notes being redeemed that would be due if such   series of Fixed Rate Notes matured on the applicable Par Call Date (exclusive   of interest accrued to the redemption date), discounted to the redemption   date on a semi-annual basis (assuming a 360-day year consisting of twelve   30-day months) at the Treasury Rate (as defined in the </font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
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<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="3" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Preliminary   Prospectus Supplement) plus a number of basis points equal to the applicable   Make-Whole Spread (as set forth in the table below), plus, in each case,   accrued and unpaid interest on the principal amount of such series of Fixed   Rate Notes being redeemed to, but excluding, such redemption date.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Each series of   Fixed Rate Notes may be redeemed at any time on or after the applicable Par   Call Date, in whole or in part and from time to time, at a redemption price   equal to 100% of the principal amount of such series of Fixed Rate Notes   being redeemed plus accrued and unpaid interest on the principal amount of   such series of Fixed Rate Notes being redeemed to, but excluding, such   redemption date.</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="3" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="24%" valign="top" style="border:none;padding:0in 5.75pt 10.1pt 5.75pt;width:24.52%;">
<p style="margin:0in 0in .0001pt;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Series</font></u></b></p>    </td>
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<p style="margin:0in 0in .0001pt;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Par Call Date</font></u></b></p>    </td>
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<p style="margin:0in 0in .0001pt;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Make-Whole Spread</font></u></b></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="3" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2031 Fixed Rate Notes</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">March&nbsp;15, 2031</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15 bps</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="3" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2041 Fixed Rate Notes</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">December&nbsp;15, 2040</font></p>    </td>
<td width="23%" valign="top" style="border:none;border-right:solid windowtext 1.0pt;padding:0in 5.75pt 10.1pt 5.75pt;width:23.94%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">20 bps</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="3" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="24%" valign="top" bgcolor="#F2F2F2" style="background:#F2F2F2;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.75pt 10.1pt 5.75pt;width:24.52%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2051 Fixed Rate Notes</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">December&nbsp;15, 2050</font></p>    </td>
<td width="23%" valign="top" bgcolor="#F2F2F2" style="background:#F2F2F2;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.75pt 10.1pt 5.75pt;width:23.94%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">20 bps</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Denominations:</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">$2,000 or any integral multiple of   $1,000 in excess thereof</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">CUSIP / ISIN:</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Floating Rate Notes: 26441C BK0 /   US26441CBK09<br>   2031 Fixed Rate Notes: 26441C BL8 / US26441CBL81<br>   2041 Fixed Rate Notes: 26441C BM6 / US26441CBM64<br>   2051 Fixed Rate Notes: 26441C BN4 / US26441CBN48</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Joint Book-Running Managers:</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Barclays   Capital Inc.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">BofA   Securities,&nbsp;Inc.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">PNC   Capital Markets LLC</font></p>
<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">RBC   Capital Markets, LLC</font></p>
<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Wells   Fargo Securities, LLC<br>   Citigroup Global Markets Inc.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Credit   Suisse Securities (USA) LLC</font></p>
<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">J.P.   Morgan Securities LLC</font></p>
<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Mizuho   Securities USA LLC</font></p>
<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Morgan Stanley&nbsp;&amp; Co. LLC</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Co-Managers:</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">BNY   Mellon Capital Markets, LLC<br>   KeyBanc Capital Markets Inc.<br>   Siebert Williams Shank&nbsp;&amp; Co., LLC<br>   Academy Securities,&nbsp;Inc.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">C.L.   King&nbsp;&amp; Associates,&nbsp;Inc.<br>   Great Pacific Securities</font></p>
<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Mischler   Financial Group,&nbsp;Inc.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">Samuel A. Ramirez&nbsp;&amp;   Company,&nbsp;Inc.<br>   WR Securities, LLC</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
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<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">___________________________</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">* Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision, suspension or withdrawal at any time. Each credit rating should be evaluated independently of any other credit rating.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;text-justify:inter-ideograph;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The Issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates.&#160; 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.&#160; You may get these documents for free by visiting EDGAR on the SEC Web site at <u>www.sec.gov</u>.&#160; 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 Barclays Capital Inc. toll-free at (888) 603-5847; BofA Securities,&nbsp;Inc. toll-free at (800) 294-1322 or by email at dg.prospectus_requests@bofa.com; PNC Capital Markets LLC toll-free at (855) 881-0697; RBC Capital Markets, LLC toll-free at (866) 375-6829; or Wells Fargo Securities, LLC toll-free at (800) 645-3751.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-align:justify;text-justify:inter-ideograph;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ANY DISCLAIMER OR OTHER NOTICE THAT MAY&nbsp;APPEAR BELOW IS NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMER OR NOTICE WAS AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT BY BLOOMBERG OR ANOTHER EMAIL SYSTEM.</font></b></p>
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