0000754737-12-000006.txt : 20120123 0000754737-12-000006.hdr.sgml : 20120123 20120123134237 ACCESSION NUMBER: 0000754737-12-000006 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120123 DATE AS OF CHANGE: 20120123 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SOUTH CAROLINA ELECTRIC & GAS CO CENTRAL INDEX KEY: 0000091882 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 570248695 STATE OF INCORPORATION: SC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-163075-01 FILM NUMBER: 12538854 BUSINESS ADDRESS: STREET 1: 100 SCANA PARKWAY STREET 2: MAIL CODE B123 CITY: CAYCE STATE: SC ZIP: 29033 BUSINESS PHONE: 803-217-9000 MAIL ADDRESS: STREET 1: 220 OPERATION WAY STREET 2: MAIL CODE B123 CITY: CAYCE STATE: SC ZIP: 29033 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SOUTH CAROLINA ELECTRIC & GAS CO CENTRAL INDEX KEY: 0000091882 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 570248695 STATE OF INCORPORATION: SC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 100 SCANA PARKWAY STREET 2: MAIL CODE B123 CITY: CAYCE STATE: SC ZIP: 29033 BUSINESS PHONE: 803-217-9000 MAIL ADDRESS: STREET 1: 220 OPERATION WAY STREET 2: MAIL CODE B123 CITY: CAYCE STATE: SC ZIP: 29033 FWP 1 fmbtermsheet.htm FMB TERM SHEET fmbtermsheet.htm

 
 
Filed pursuant to Rule 433
Registration Statement No. 333-163075-01
South Carolina Electric & Gas Company

FINAL TERM SHEET

Dated:  January 23, 2012

 
Issuer:
 South Carolina Electric & Gas Company
 
Name of Securities:
First Mortgage Bonds, 4.350% Series due February 1, 2042
 
Size:
$250,000,000
 
Expected Ratings:
Moody’s: A3 (stable outlook); S&P: A (stable outlook); Fitch: A (stable outlook). A securities rating is not a recommendation to buy, sell or hold securities and may be subject to review, revision, suspension, reduction or withdrawal at any time by the assigning rating agency.
 
Maturity:
February 1, 2042
 
Coupon (Interest Rate):
4.350%
 
Yield to Maturity:
4.355%
 
Spread to Benchmark Treasury:
+125 basis points (1.25%)
 
Benchmark Treasury:
UST 3.750% due August 15, 2041
 
Benchmark Treasury Price and Yield:
112-13; 3.105%
 
Interest Payment Dates:
February 1 and August 1, commencing August 1, 2012
 
Make-Whole Redemption Provision:
Prior to August 1, 2041, make-whole call at Adjusted Treasury Rate +20 basis points
 
Par Redemption Provision:
On or after August 1, 2041
 
Underwriters’ Discount or Commission:
0.875%
 
Net Proceeds to Issuer:
$247,605,000, plus accrued interest from January 30, 2012
 
Price to Public:
99.917%, plus accrued interest from January 30, 2012
 
 
 
 
 
 
 
Settlement Date:
January 30, 2012 (T+5)
 
Denominations:
$1,000 x $1,000
 
CUSIP:
837004 CF5
 
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 Web site at www.sec.gov.  Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling:
 
Credit Suisse Securities (USA) LLC   –                                            1-800-221-1037 (toll free)
 
Mogan Stanley & Co. LLC -                                                             1-866-718-1649 (toll free)
 
UBS Securities LLC   –                                                                      1-877-827-6444, ext. 561-3884 (toll free)
 
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