0001193125-16-589064.txt : 20160512 0001193125-16-589064.hdr.sgml : 20160512 20160512171011 ACCESSION NUMBER: 0001193125-16-589064 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20160512 DATE AS OF CHANGE: 20160512 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PPL Corp CENTRAL INDEX KEY: 0000922224 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 232758192 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-202290 FILM NUMBER: 161644888 BUSINESS ADDRESS: STREET 1: TWO N NINTH ST CITY: ALLENTOWN STATE: PA ZIP: 18101-1179 BUSINESS PHONE: 610-774-5151 MAIL ADDRESS: STREET 1: TWO N NINTH ST CITY: ALLENTOWN STATE: PA ZIP: 18101-1179 FORMER COMPANY: FORMER CONFORMED NAME: PPL CORP DATE OF NAME CHANGE: 20000214 FORMER COMPANY: FORMER CONFORMED NAME: PP&L RESOURCES INC DATE OF NAME CHANGE: 19941123 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PPL Corp CENTRAL INDEX KEY: 0000922224 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 232758192 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: TWO N NINTH ST CITY: ALLENTOWN STATE: PA ZIP: 18101-1179 BUSINESS PHONE: 610-774-5151 MAIL ADDRESS: STREET 1: TWO N NINTH ST CITY: ALLENTOWN STATE: PA ZIP: 18101-1179 FORMER COMPANY: FORMER CONFORMED NAME: PPL CORP DATE OF NAME CHANGE: 20000214 FORMER COMPANY: FORMER CONFORMED NAME: PP&L RESOURCES INC DATE OF NAME CHANGE: 19941123 FWP 1 d154647dfwp.htm FWP FWP

Filed pursuant to Rule 433

Registration Nos. 333-202290 and 333-202290-5

Free Writing Prospectus Dated May 12, 2016

Final Term Sheet

PPL CAPITAL FUNDING, INC.

$650,000,000

3.100% SENIOR NOTES DUE 2026

 

Issuer:

PPL Capital Funding, Inc.

 

Guarantor:

PPL Corporation

 

Size:

$650,000,000

 

Trade Date:

May 12, 2016

 

Settlement Date:

May 17, 2016 (T+3)

 

Maturity Date:

May 15, 2026

 

Interest Payment Dates:

Semi-annually in arrears on May 15 and November 15, commencing on November 15, 2016

 

Coupon:

3.100%

 

Price to Public:

99.872%

 

Benchmark Treasury:

1.625% due February 15, 2026

 

Benchmark Treasury Yield:

1.765%

 

Spread to Benchmark Treasury:

+135 basis points

 

Yield to Maturity:

3.115%

 

Optional Redemption:

Prior to February 15, 2026, the notes will be redeemable, in whole at any time or in part from time to time, at a redemption price equal to the greater of (1)100% of the principal amount of the notes being redeemed and (2) the sum of the present values of the remaining scheduled payments of principal and interest on the notes to be so redeemed (not including any portion of such payments of interest accrued to the date of redemption) discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate, plus 25 basis points, plus, in either of the above cases, accrued and unpaid interest on the principal amount being redeemed to, but not including, the date of redemption.

 

  On or after February 15, 2026, the notes will be redeemable at a redemption price equal to 100% of the principal amount of the notes being redeemed, plus accrued and unpaid interest on the principal amount being redeemed to, but not including, the date of redemption.

CUSIP / ISIN:

69352P AL7 / US69352PAL76

 

Joint Book-Running Managers:

Barclays Capital, Inc.

Credit Suisse Securities (USA) LLC

Mitsubishi UFJ Securities (USA), Inc.

Wells Fargo Securities, LLC

 

Co-Managers:

BNY Mellon Capital Markets, LLC

CIBC World Markets Corp.

UBS Securities LLC

U.S. Bancorp Investments, Inc.

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 from Barclays Capital, Inc. by calling 1-888-603-5847, Credit Suisse Securities (USA), LLC by calling 1-800-221-1037, Mitsubishi UFJ Securities (USA), Inc. by calling 1-877-649-6848, or Wells Fargo Securities, LLC by calling 1-800-645-3751 or emailing wfscustomerservice@wellsfargo.com.