<SEC-DOCUMENT>0000891092-17-007970.txt : 20171102
<SEC-HEADER>0000891092-17-007970.hdr.sgml : 20171102
<ACCEPTANCE-DATETIME>20171102163439
ACCESSION NUMBER:		0000891092-17-007970
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20171102
DATE AS OF CHANGE:		20171102

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUBLIC SERVICE ENTERPRISE GROUP INC
		CENTRAL INDEX KEY:			0000788784
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC & OTHER SERVICES COMBINED [4931]
		IRS NUMBER:				222625848
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-200352
		FILM NUMBER:		171172932

	BUSINESS ADDRESS:	
		STREET 1:		CORPORATE ACCOUNTING SERVICES
		STREET 2:		80 PARK PLAZA, 9TH FLOOR
		CITY:			NEWARK
		STATE:			NJ
		ZIP:			07102-4194
		BUSINESS PHONE:		973-430-7000

	MAIL ADDRESS:	
		STREET 1:		CORPORATE ACCOUNTING SERVICES
		STREET 2:		80 PARK PLAZA, 9TH FLOOR
		CITY:			NEWARK
		STATE:			NJ
		ZIP:			07102-4194

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUBLIC SERVICE ENTERPRISE GROUP INC
		CENTRAL INDEX KEY:			0000788784
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC & OTHER SERVICES COMBINED [4931]
		IRS NUMBER:				222625848
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		CORPORATE ACCOUNTING SERVICES
		STREET 2:		80 PARK PLAZA, 9TH FLOOR
		CITY:			NEWARK
		STATE:			NJ
		ZIP:			07102-4194
		BUSINESS PHONE:		973-430-7000

	MAIL ADDRESS:	
		STREET 1:		CORPORATE ACCOUNTING SERVICES
		STREET 2:		80 PARK PLAZA, 9TH FLOOR
		CITY:			NEWARK
		STATE:			NJ
		ZIP:			07102-4194
</SEC-HEADER>
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<TYPE>FWP
<SEQUENCE>1
<FILENAME>e76343fwp.htm
<DESCRIPTION>FINAL TERM SHEET
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: right"><I>Filed Pursuant to Rule 433<BR>
dated November 2, 2017<BR>
Relating to<BR>
Preliminary Prospectus Supplement<BR>
dated November 2, 2017 and<BR>
Prospectus dated November 18, 2014<BR>
Registration Statement No. 333-200352<BR>
<BR>
</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0in"><B>Final Term Sheet</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>$</B></FONT><B>700,000,000</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 20pt"><B>Public Service
Enterprise Group Incorporated</B></FONT><BR>
<BR>
<B>2.650<FONT STYLE="font-size: 11pt">% Senior Notes due 2022</FONT></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><BR>
November 2, 2017<BR>
<BR>
</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 1.8pt 5.4pt 6pt 1.8pt"><FONT STYLE="font-size: 10pt">Issuer:</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 6pt; padding-left: 10.45pt"><FONT STYLE="font-size: 10pt">Public Service Enterprise Group Incorporated</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 26%; padding: 1.8pt 5.4pt 6pt 1.8pt"><FONT STYLE="font-size: 10pt">Trade Date:</FONT></TD>
    <TD STYLE="width: 71%; padding-bottom: 6pt; padding-left: 10.45pt"><FONT STYLE="font-size: 10pt">November 2, 2017</FONT></TD>
    <TD STYLE="width: 3%; padding-bottom: 6pt; padding-left: 10.45pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 1.8pt 5.4pt 6pt 1.8pt"><FONT STYLE="font-size: 10pt">Settlement Date:</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; padding-left: 10.45pt"><FONT STYLE="font-size: 10pt">November 6, 2017 (T+2)</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; padding-left: 10.45pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 1.8pt 5.4pt 6pt 1.8pt"><FONT STYLE="font-size: 10pt">Proceeds to Issuer Before Expenses:</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; padding-left: 10.45pt"><FONT STYLE="font-size: 10pt">$694,911,000</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; padding-left: 10.45pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 1.8pt 5.4pt 6pt 1.8pt"><FONT STYLE="font-size: 10pt">Security:</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; padding-left: 10.45pt"><FONT STYLE="font-size: 10pt">2.650% Senior Notes due 2022 (the &ldquo;Notes&rdquo;)</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; padding-left: 10.45pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 1.8pt 5.4pt 6pt 1.8pt"><FONT STYLE="font-size: 10pt">Ratings*:</FONT></TD>
    <TD STYLE="padding: 1.8pt 1.8pt 6pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in">Baa1 (stable outlook) by Moody&rsquo;s Investor Service,
        Inc.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.15in">BBB (stable outlook) by S&amp;P Global Ratings</P></TD>
    <TD STYLE="padding: 1.8pt 1.8pt 6pt 0.15in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 1.8pt 5.4pt 6pt 1.8pt"><FONT STYLE="font-size: 10pt">Security Type:</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; padding-left: 10.45pt"><FONT STYLE="font-size: 10pt">Senior Unsecured Fixed Rate Notes</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; padding-left: 10.45pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 1.8pt 5.4pt 6pt 1.8pt"><FONT STYLE="font-size: 10pt">Principal Amount:</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; padding-left: 10.45pt"><FONT STYLE="font-size: 10pt">$700,000,000</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; padding-left: 10.45pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 1.8pt 5.4pt 6pt 1.8pt"><FONT STYLE="font-size: 10pt">Maturity Date:</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; padding-left: 10.45pt"><FONT STYLE="font-size: 10pt">November 15, 2022</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; padding-left: 10.45pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 1.8pt 5.4pt 6pt 1.8pt"><FONT STYLE="font-size: 10pt">Coupon:</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; padding-left: 10.45pt"><FONT STYLE="font-size: 10pt">2.650% per annum</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; padding-left: 10.45pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 1.8pt 5.4pt 6pt 1.8pt"><FONT STYLE="font-size: 10pt">Interest Payment Dates:</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; padding-left: 10.45pt"><FONT STYLE="font-size: 10pt">The 15th of each May and November, beginning May 15, 2018</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; padding-left: 10.45pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 1.8pt 5.4pt 6pt 1.8pt"><FONT STYLE="font-size: 10pt">Redemption Provisions:</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; padding-left: 0.15in"><FONT STYLE="font-size: 10pt">At any time prior to October 15, 2022 (one month prior to the maturity date), at a price equal to the greater of (a) 100% of the principal amount of the Notes being redeemed and (b) the sum of the present values of the remaining scheduled payments of principal of and interest on the Notes being redeemed that would be due if the Notes matured on October 15, 2022, exclusive of accrued interest 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 plus 12.5 basis points (0.125%), plus any accrued and unpaid interest on the principal amount of the Notes being redeemed to, but excluding, the redemption date.</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; padding-left: 0.15in">&nbsp;</TD></TR>
</TABLE>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 26%; padding: 1.8pt 5.4pt 6pt 1.8pt">&nbsp;</TD>
    <TD STYLE="width: 71%; padding-bottom: 6pt; padding-left: 0.15in"><FONT STYLE="font-size: 10pt">At any time on or after October 15, 2022, at a price equal to 100% of the principal amount of the Notes being redeemed, plus any accrued and unpaid interest on the principal amount of the Notes being redeemed to, but excluding, the redemption date.</FONT></TD>
    <TD STYLE="width: 3%; padding-bottom: 6pt; padding-left: 0.15in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 1.8pt 5.4pt 6pt 1.8pt"><FONT STYLE="font-size: 10pt">Benchmark Treasury:</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; padding-left: 10.45pt"><FONT STYLE="font-size: 10pt">2.000% due October 31, 2022</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; padding-left: 10.45pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 1.8pt 5.4pt 6pt 1.8pt"><FONT STYLE="font-size: 10pt">Benchmark Treasury Yield:</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; padding-left: 10.45pt"><FONT STYLE="font-size: 10pt">1.997%</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; padding-left: 10.45pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 1.8pt 5.4pt 6pt 1.8pt"><FONT STYLE="font-size: 10pt">Re-offer Spread to Benchmark:</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; padding-left: 10.45pt"><FONT STYLE="font-size: 10pt">68 basis points</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; padding-left: 10.45pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 1.8pt 5.4pt 6pt 1.8pt"><FONT STYLE="font-size: 10pt">Re-offer Yield:</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; padding-left: 10.45pt"><FONT STYLE="font-size: 10pt">2.677%</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; padding-left: 10.45pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 1.8pt 5.4pt 6pt 1.8pt"><FONT STYLE="font-size: 10pt">Price to Public:</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; padding-left: 10.45pt"><FONT STYLE="font-size: 10pt">99.873% of Principal Amount</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; padding-left: 10.45pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 1.8pt 5.4pt 6pt 1.8pt"><FONT STYLE="font-size: 10pt">CUSIP / ISIN:</FONT></TD>
    <TD STYLE="padding: 1.8pt 1.8pt 1.8pt 10.45pt"><FONT STYLE="font-size: 10pt">744573AL0 / US744573AL05</FONT></TD>
    <TD STYLE="padding: 1.8pt 1.8pt 1.8pt 10.45pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 1.8pt 5.4pt 6pt 1.8pt"><FONT STYLE="font-size: 10pt">Joint Book-Running Managers:</FONT></TD>
    <TD STYLE="padding: 1.8pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.45pt">Barclays Capital Inc.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.45pt">J.P. Morgan Securities LLC</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.45pt">Morgan Stanley &amp; Co. LLC</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.45pt">CIBC World Markets Corp.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.45pt">RBC Capital Markets, LLC</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.45pt">TD Securities (USA) LLC</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.45pt">&nbsp;</P></TD>
    <TD STYLE="padding: 1.8pt 1.8pt 1.8pt 10.45pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 1.8pt 5.4pt 6pt 1.8pt"><FONT STYLE="font-size: 10pt">Co-Managers:</FONT></TD>
    <TD STYLE="padding: 1.8pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.45pt">BNY Mellon Capital Markets, LLC</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.45pt">PNC Capital Markets LLC</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.45pt">U.S. Bancorp Investments, Inc.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.45pt">Loop Capital Markets LLC</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 10.45pt">&nbsp;</P></TD>
    <TD STYLE="padding: 1.8pt 1.8pt 1.8pt 10.45pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B><I>*&#9;</I></B>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.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt"><B><I>The Issuer has filed a registration statement (including
a prospectus) and a preliminary 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 preliminary prospectus supplement and the other
documents the Issuer has filed with the SEC for more complete information about the Issuer and the offering. You may get these
documents for free by visiting EDGAR on the SEC&rsquo;s website at www.sec.gov. Alternatively, any underwriter or any dealer participating
in the offering will arrange to send you these documents if you request them by calling Barclays Capital Inc. toll-free at 1-888-603-5847,
J.P. Morgan Securities LLC collect at 1-212-834-4533 or Morgan Stanley &amp; Co. LLC toll-free at 1-866-718-1649.</I></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt"></P>

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