FWP 1 d309902dfwp.htm FREE WRITING PROSPECTUS Free Writing Prospectus

Issuer Free Writing Prospectus

Filed Pursuant to Rule 433

Registration Statement No. 333-161379

 

LOGO

$400,000,000

4.05% First and Refunding Mortgage Bonds, Series 2012A,

Due 2042

 

SUMMARY OF TERMS

 

Security:    4.05% First and Refunding Mortgage Bonds, Series 2012A, Due 2042
Issuer:    Southern California Edison Company
Principal Amount:    $400,000,000
Ratings of Securities*:    A1 / A / A+ (Moody’s / S&P / Fitch)
Trade Date:    March 8, 2012
Settlement Date:    March 13, 2012 (T+3)
Maturity:    March 15, 2042
Benchmark US Treasury:    3.125% due November 15, 2041
Benchmark US Treasury Yield:    3.169%
Spread to Benchmark US Treasury:    T + 95 bps
Reoffer Yield:    4.119%
Coupon:    4.05%
Coupon Payment Dates:    March 15 and September 15
First Coupon Payment Date:    September 15, 2012
Public Offering Price:    98.818%
Optional Redemption:    Callable at any time prior to September 15, 2041, in whole or in part, at a “make whole” premium of 15 bps. At any time on or after September 15, 2041, callable, in whole or in part, at 100% of the principal amount of the bonds being redeemed plus accrued and unpaid interest thereon to but excluding the date of redemption.
CUSIP/ISIN:    842400 FV0/US842400FV09
Joint Book-running Managers:   

Citigroup Global Markets Inc. (“Citigroup”)

Mitsubishi UFJ Securities (USA), Inc. (“Mitsubishi UFJ Securities”)

RBS Securities Inc. (“RBS”)

Loop Capital Markets LLC

Co-managers:   

BNP Paribas Securities Corp.

SunTrust Robinson Humphrey, Inc.

Wells Fargo Securities, LLC

Muriel Siebert & Co., Inc.

Scotia Capital (USA) Inc.

U.S. Bancorp Investments, Inc.

CastleOak Securities, L.P.

Mischler Financial Group, Inc.

Apto Partners, 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, Citigroup, Mitsubishi UFJ Securities and RBS can arrange to send you the prospectus if you request it by calling Citigroup at 1-877-858-5407, Mitsubishi UFJ Securities at 1-877-649-6848 or RBS at 1-866-884-2071.