FWP 1 d603851dfwp.htm FWP FWP

Issuer Free Writing Prospectus

Filed Pursuant to Rule 433

Registration Statement No. 333-183045

 

LOGO

$600,000,000

3.50% First and Refunding Mortgage Bonds, Series 2013C,

Due 2023

SUMMARY OF TERMS

 

 

 

Security:    3.50% First and Refunding Mortgage Bonds, Series 2013C, due 2023
Issuer:    Southern California Edison
Principal Amount:    $600,000,000
Ratings of Securities*:    A1 / A / A+ (Moody’s / S&P / Fitch)
Trade Date:    September 25, 2013
Settlement Date:    October 2, 2013 (T + 5)
Maturity:    October 1, 2023
Benchmark US Treasury:    2.500% due August 15, 2023
Benchmark US Treasury Yield:    2.621%
Spread to Benchmark US Treasury:    T + 90 bps
Reoffer Yield:    3.521%
Coupon:    3.50%
Coupon Payment Dates:    April 1 and October 1
First Coupon Payment Date:    April 1, 2014
Public Offering Price:    99.824%
Optional Redemption:    Callable at any time prior to July 1, 2023, in whole or in part, at a “make whole” redemption premium of 15 bps. At any time on or after July 1, 2023, 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 FY4 / US842400FY48
Joint Book-running Managers:   

Barclays Capital Inc. (“Barclays”)

J.P. Morgan Securities LLC (“J.P. Morgan”)

Loop Capital Markets LLC (“Loop”)

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

BNP Paribas Securities Corp.

BNY Mellon Capital Markets, LLC

RBS Securities Inc.

Wells Fargo Securities, LLC

Co-managers:   

Citigroup Global Markets Inc.

PNC Capital Markets LLC

CastleOak Securities, L.P.

C.L. King & Associates, Inc.

Mischler Financial Group, Inc.

Samuel A. Ramirez & Company, Inc.

The Williams Capital Group, L.P.

Blaylock Robert Van, LLC

Guzman & Co.

Kota Global Securities Inc.

Lebenthal & Co., LLC

MFR Securities, Inc.

Concurrent Offerings:   

$200,000,000 Floating Rate First and Refunding Mortgage Bonds, Series 2013B, Due 2014 $800,000,000 4.65% First and Refunding Mortgage Bonds, Series 2013D, Due 2043

The settlement of the Series 2013C Notes is not contingent on the settlement of either of the concurrent offerings.

 

* 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, Barclays, J.P. Morgan, Loop or Mitsubishi can arrange to send you the prospectus if you request it by calling Barclays at 1-888-603-5847, J.P. Morgan at 1-212-834-4533, Loop at 1-888-294-8898 or Mitsubishi at 1-877-649-6848.

 

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