FWP 1 a08710.htm a08710.htm
Filed Pursuant to Rule 433
Registration No. 333-155584


Entergy New Orleans, Inc.
 
$25,000,000
 
First Mortgage Bonds,
5.10% Series due December 1, 2020
 
Final Terms and Conditions
 
November 17, 2010
 
Issuer:
 
Entergy New Orleans, Inc.
     
Security Type:
 
First Mortgage Bonds (SEC Registered)
     
Expected Ratings(1):
 
Baa3 (stable outlook) by Moody’s Investors Service
BBB+ (stable outlook) by Standard & Poor’s Ratings Services
     
Trade Date:
 
November 17, 2010
     
Settlement Date (T+4):
 
November 23, 2010
     
Principal Amount:
 
$25,000,000
     
Coupon:
 
5.10%
     
Coupon Payment Dates:
 
June 1 and December 1 of each year
     
First Payment Date:
 
June 1, 2011
     
Final Maturity:
 
December 1, 2020
     
Optional Redemption Terms:
 
Make-whole call at any time prior to September 1, 2020 at a discount rate of Treasury plus 35 bps and, thereafter, at par
     
UST Benchmark:
 
2.625% due November 15, 2020
     
Spread to UST Benchmark:
 
225 bps
     
Treasury Price:
 
97-26+
     
Treasury Yield:
 
2.877%
     
Re-offer Yield:
 
5.127%
     
Issue Price to Public:
 
99.789%
     
Underwriter:
 
BNP Paribas Securities Corp.
     
CUSIP / ISIN:
 
29364PAM5 / US29364PAM59
     
_________________________ 
 
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 BNP Paribas Securities Corp. toll free at 1-800-854-5674.