0001193125-20-251175.txt : 20200922 0001193125-20-251175.hdr.sgml : 20200922 20200922150559 ACCESSION NUMBER: 0001193125-20-251175 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200922 DATE AS OF CHANGE: 20200922 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: XCEL ENERGY INC CENTRAL INDEX KEY: 0000072903 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 410448030 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-224333 FILM NUMBER: 201189461 BUSINESS ADDRESS: STREET 1: 414 NICOLLET MALL CITY: MINNEAPOLIS STATE: MN ZIP: 55401 BUSINESS PHONE: 6123305500 MAIL ADDRESS: STREET 1: 414 NICOLLET MALL CITY: MINNEAPOLIS STATE: MN ZIP: 55401 FORMER COMPANY: FORMER CONFORMED NAME: NORTHERN STATES POWER CO /MN/ DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: XCEL ENERGY INC CENTRAL INDEX KEY: 0000072903 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 410448030 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 414 NICOLLET MALL CITY: MINNEAPOLIS STATE: MN ZIP: 55401 BUSINESS PHONE: 6123305500 MAIL ADDRESS: STREET 1: 414 NICOLLET MALL CITY: MINNEAPOLIS STATE: MN ZIP: 55401 FORMER COMPANY: FORMER CONFORMED NAME: NORTHERN STATES POWER CO /MN/ DATE OF NAME CHANGE: 19920703 FWP 1 d899463dfwp.htm FWP FWP

Free Writing Prospectus

Filed Pursuant to Rule 433

Registration Statement No. 333-224333

XCEL ENERGY INC.

(a Minnesota corporation)

$500,000,000 0.50% SENIOR NOTES, SERIES DUE OCTOBER 15, 2023

 

Issuer:

    Xcel Energy Inc. (a Minnesota corporation)

Issue Format:

    SEC Registered

Expected Ratings*:

    Baa1/BBB+/BBB+ (Moody’s/Standard & Poor’s/Fitch)

Security Type:

    Senior Notes

Pricing Date:

    September 22, 2020

Settlement Date:

    September 25, 2020 (T+3)

Principal Amount:

    $500,000,000

Maturity Date:

    October 15, 2023

Interest Payment Dates:

    Semi-annually on April 15 and October 15, beginning on April 15, 2021

Reference Benchmark:

    0.125% due September 15, 2023

Benchmark Price:

    99-29+

Benchmark Yield:

    0.151%

Spread to Benchmark Treasury:

    +38 bps

Yield to Maturity:

    0.531%

Coupon:

    0.50%

Price to Public:

    99.906% of the principal amount

Net Proceeds to Issuer:

    $497,780,000 (after deducting the underwriting discount but before transaction expenses)

Make-Whole Call:

    Prior to September 15, 2023 (the par call date), T+10 bps (calculated to the par call date)

Par Call:

    On or after September 15, 2023, at par

Minimum Denominations:

    $2,000 and integral multiples of $1,000 in excess thereof

CUSIP/ISIN:

    98389B AZ3 / US98389BAZ31

Joint Book-Running Managers:

   

Citigroup Global Markets Inc.

J.P. Morgan Securities LLC

Morgan Stanley & Co. 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 website at www.sec.gov. Alternatively, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Citigroup Global Markets Inc. toll-free at 1-800-831-9146, J.P. Morgan Securities LLC collect at 1-212-834-4533 or Morgan Stanley & Co. LLC toll-free at 1-866-718-1649.