FWP 1 a06514.htm FWP a06514


Filed Pursuant to Rule 433
Registration No. 333-190911-07



Entergy Louisiana, LLC
$250,000,000
First Mortgage Bonds,
4.95% Series due January 15, 2045
Final Terms and Conditions
November 18, 2014
Issuer:
 
Entergy Louisiana, LLC
 
 
 
Security Type:
 
First Mortgage Bonds (SEC Registered)
 
 
 
Expected Ratings(1):
 
A2 (stable outlook) by Moody’s Investors Service
A- (stable outlook) by Standard & Poor’s Ratings Services
 
 
 
Trade Date:
 
November 18, 2014
 
 
 
Settlement Date (T+3):
 
November 21, 2014
 
 
 
Principal Amount:
 
$250,000,000
 
 
 
Coupon:
 
4.95%
 
 
 
Coupon Payment Dates:
 
January 15 and July 15 of each year
 
 
 
First Payment Date:
 
July 15, 2015
 
 
 
Final Maturity Date:
 
January 15, 2045
 
 
 
Optional Redemption Terms:
 
Make-whole call at any time prior to January 15, 2025 at a discount rate of Treasury plus 30 bps and, thereafter, at par
 
 
 
UST Benchmark:
 
3.125% due August 15, 2044
 
 
 
Spread to UST Benchmark:
 
+192 bps
 
 
 
Treasury Price:
 
10112
 
 
 
Treasury Yield:
 
3.054%
 
 
 
Re-offer Yield:
 
4.974%
 
 
 
Issue Price to Public:
 
99.616%




 
 
 
Net Proceeds Before Expenses:
 
$246,852,500
 
 
 
Joint Book-Running Managers:
 
BNP Paribas Securities Corp.
Mitsubishi UFJ Securities (USA), Inc.
Mizuho Securities USA Inc.
RBS Securities Inc.
Scotia Capital (USA) Inc.
 
 
 
Co-Managers:
 
Regions Securities LLC
U.S. Bancorp Investments, Inc.
CastleOak Securities, L.P.
Mischler Financial Group, Inc.
 
 
 
CUSIP / ISIN:
 
29364W AV0 / US29364WAV00
 
 
 
_________________________ 
1 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 website at www.sec.gov.

Alternatively, a copy of the prospectus for the offering can be obtained by calling (i) BNP Paribas Securities Corp. toll free at 1-800-854-5674, (ii) Mitsubishi UFJ Securities (USA), Inc. at 1-877-649-6848, (iii) Mizuho Securities USA Inc. toll free at 1-866-271-7403, (iv) RBS Securities Inc. toll-free at 1-866-884-2071 or (v) Scotia Capital (USA) Inc. toll free at 1-800-372-3930.