0001193125-17-201589.txt : 20170612 0001193125-17-201589.hdr.sgml : 20170612 20170612172333 ACCESSION NUMBER: 0001193125-17-201589 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20170612 DATE AS OF CHANGE: 20170612 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PUBLIC SERVICE CO OF COLORADO CENTRAL INDEX KEY: 0000081018 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 840296600 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-203664-04 FILM NUMBER: 17907398 BUSINESS ADDRESS: STREET 1: 1800 LARIMER STREET CITY: DENVER STATE: CO ZIP: 80202 BUSINESS PHONE: 3035717511 MAIL ADDRESS: STREET 1: P O BOX 840 STE 300 CITY: DENVER STATE: CO ZIP: 80201 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PUBLIC SERVICE CO OF COLORADO CENTRAL INDEX KEY: 0000081018 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 840296600 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 1800 LARIMER STREET CITY: DENVER STATE: CO ZIP: 80202 BUSINESS PHONE: 3035717511 MAIL ADDRESS: STREET 1: P O BOX 840 STE 300 CITY: DENVER STATE: CO ZIP: 80201 FWP 1 d407816dfwp.htm FWP FWP

Free Writing Prospectus

Filed Pursuant to Rule 433

Registration Statement No. 333-203664-04

PUBLIC SERVICE COMPANY OF COLORADO

(a Colorado corporation)

$400,000,000 3.80% FIRST MORTGAGE BONDS, SERIES NO. 30 DUE 2047

 

Issuer:    Public Service Company of Colorado (a Colorado corporation)
Issue Format:    SEC Registered
Expected Ratings*:    A1/A/A+ (Stable/Stable/Stable) (Moody’s/Standard & Poor’s/Fitch)
Security Type:    First Mortgage Bonds
Pricing Date:    June 12, 2017
Settlement Date:    June 19, 2017 (T+5)
Interest Payment Dates:    Each June 15 and December 15, commencing December 15, 2017
Principal Amount:    $400,000,000
Maturity Date:    June 15, 2047
Reference Benchmark:    3.000% due February 15, 2047
Benchmark Price:    102-16+
Benchmark Yield:    2.873%
Re-offer Spread:    +95 bps
Re-offer Yield:    3.823%
Coupon:    3.80%
Price to Public:    99.592% of principal amount
Net Proceeds to Issuer:    $394,868,000 (before transaction expenses)
Make-Whole Call:    Prior to December 15, 2046 (the par call date), T+15 bps (calculated to the par call date)
Par Call:    On or after December 15, 2046 at par
CUSIP/ISIN:    744448CN9 / US744448CN95
Minimum Denominations:    $1,000
Joint Book-Running Managers:           

BNP Paribas Securities Corp.

J.P. Morgan Securities LLC

RBC Capital Markets, LLC

Scotia Capital (USA) Inc.

* 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 BNP Paribas Securities Corp., toll free at 1-800-854-5674, J.P. Morgan Securities LLC, collect at 1-212-834-4533, RBC Capital Markets, LLC, toll-free at 1-866-375-6829 and Scotia Capital (USA) Inc., toll-free at 1-800-372-3930.