FWP 1 a03613.htm NEW ORLEANS, INC. a03613.htm
 
Filed Pursuant to Rule 433
Registration No. 333-169315-06


Entergy New Orleans, Inc.
 
$100,000,000
First Mortgage Bonds,
3.90% Series due July 1, 2023
 
Final Terms and Conditions
 
June 18, 2013
 
 
Issuer:
  
Entergy New Orleans, Inc.
     
Security Type:
  
First Mortgage Bonds (SEC Registered)
     
Expected Ratings(1):
  
Baa3 (stable outlook) by Moody’s Investors Service
A- (stable outlook) by Standard & Poor’s Ratings Services
     
Trade Date:
  
June 18, 2013
     
Settlement Date (T+3):
  
June 21, 2013
     
Principal Amount:
  
$100,000,000
     
Coupon:
  
3.90%
     
Coupon Payment Dates:
  
January 1 and July 1 of each year
     
First Payment Date:
  
January 1, 2014
     
Final Maturity Date:
  
July 1, 2023
     
Optional Redemption Terms:
  
Make-whole call at any time prior to April 1, 2023 at a discount rate of Treasury plus 30 bps and, thereafter, at par
     
UST Benchmark:
  
1.75% due May 15, 2023
     
Spread to UST Benchmark:
  
+175 bps
     
Treasury Price:
  
96-03 3/4
     
Treasury Yield:
  
2.188%
     
Re-offer Yield:
  
3.938%
     
Issue Price to Public:
  
99.687%
     
Net Proceeds Before Expenses:
  
$99,037,000
     
Joint Book-Running Managers:
  
Merrill Lynch, Pierce, Fenner & Smith
                     Incorporated
   
Morgan Stanley & Co. LLC
   
Wells Fargo Securities, LLC
     
CUSIP / ISIN:
  
29364PAN3 / US29364PAN33
     
_________________________ 
 
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) Merrill Lynch, Pierce, Fenner & Smith Incorporated toll free at 1-800-294-1322, (ii) Morgan Stanley & Co. LLC toll free at 1-866-718-1649 or (iii) Wells Fargo Securities, LLC toll free at 1-800-326-5897.