FWP 1 a02618.htm FWP Document


Filed Pursuant to Rule 433
Registration No. 333-213335-06

Entergy Arkansas, Inc.
$250,000,000
First Mortgage Bonds,
4.00% Series due June 1, 2028

Final Terms and Conditions

May 8, 2018
Issuer:
 
Entergy Arkansas, Inc.
 
 
 
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:
 
May 8, 2018
 
 
 
Settlement Date (T+3) (2):
 
May 11, 2018
 
 
 
Principal Amount:
 
$250,000,000
 
 
 
Interest Rate:
 
4.00%
 
 
 
Interest Payment Dates:
 
June 1 and December 1 of each year
 
 
 
First Interest Payment Date:
 
December 1, 2018
 
 
 
Final Maturity Date:
 
June 1, 2028
 
 
 
Optional Redemption Terms:
 
Make-whole call at any time prior to March 1, 2028 at a discount rate of Treasury plus 20 bps and, thereafter, at par
 
 
 
Benchmark Treasury:
 
2.75% due February 15, 2028
 
 
 
Benchmark Treasury Price:
 
98-02+
 
 
 
Benchmark Treasury Yield:
 
2.978%
 
 
 
Spread to Benchmark Treasury:
 
103 bps
 
 
 
Re-offer Yield:
 
4.008%
 
 
 
Price to Public:
 
99.932% of the principal amount
 
 
 
Net Proceeds Before Expenses:
 
$248,205,000
 
 
 
CUSIP / ISIN:
 
29364D AV2 / US29364DAV29
 
 
 
Joint Book-Running Managers:
 
Barclays Capital Inc.
BNY Mellon Capital Markets, LLC
KeyBanc Capital Markets Inc.
SMBC Nikko Securities America, Inc.
Stephens Inc.





    
(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.
(2) It is expected that delivery of the bonds will be made on or about May 11, 2018, which will be the third business day (T+3) following the date hereof. Under Rule 15c6-1 under the Securities Exchange Act of 1934, trades in the secondary market generally are required to settle in two business days (T+2), unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the bonds on the date hereof will be required to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of the bonds who wish to trade the bonds on the date hereof should consult their own advisors.
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) Barclays Capital Inc. toll-free at 1-888-603-584 (ii) BNY Mellon Capital Markets, LLC toll-free at 1-800-269-6864, (iii) KeyBanc Capital Markets Inc. toll-free at 1-866-227-6479, (iv) SMBC Nikko Securities America, Inc. toll-free at 1-888-868-6856 or (v) Stephens Inc. toll-free at 1-800-643-9691.