Filed pursuant to Rule 433
Registration No. 333-207836
April 30, 2018

PRICING TERM SHEET

Issuer:	Indiana Michigan Power Company
Expected Ratings*:	A3 (stable) by Moody’s Investors Service, Inc. A- (stable) by S&P Global Ratings
Designation:	Senior Notes, Series M, due 2028
Principal Amount:	$350,000,000
Maturity:	May 15, 2028
Coupon:	3.85%
Interest Payment Dates:	May 15 and November 15
First Interest Payment Date:	November 15, 2018
Treasury Benchmark:	2.75% due February 15, 2028
Treasury Yield:	2.938%
Reoffer Spread:	T+ 95 basis points
Yield to Maturity:	3.888%
Price to Public:	99.685% of the principal amount thereof
Transaction Date:	April 30, 2018
Settlement Date:	May 2, 2018 (T+2)
Redemption Terms:
Make-whole call:	Prior to February 15, 2028 at a discount rate of the Treasury Rate plus 15 basis points
Par call:	On or after February 15, 2028 at par
Minimum Denomination:	$2,000 and integral multiples of $1,000 in excess thereof
CUSIP/ISIN:	454889 AS5 / US454889AS52
Joint Book-Running Managers:	BNY Mellon Capital Markets, LLC Credit Agricole Securities (USA) Inc. Credit Suisse Securities (USA) LLC PNC Capital Markets 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, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by contacting BNY Mellon Capital Markets, LLC, toll-free at 1-800-269-6864, Credit Agricole Securities (USA) Inc., toll-free at 1-866-807-6030, Credit Suisse Securities (USA) LLC, toll-free at 1-800-221-1037 or PNC Capital Markets LLC, toll-free at 1-855-881-0697.