-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, SO36md3pA+aGCdFEE3xdsJCorBUS9KrENhBQ6uvY5OQFJpel4mry+8cJXOIqYEHm 8EcUch6h8yFHNxRApPLd/w== 0001104659-11-002138.txt : 20110120 0001104659-11-002138.hdr.sgml : 20110120 20110120142057 ACCESSION NUMBER: 0001104659-11-002138 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110120 DATE AS OF CHANGE: 20110120 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: 11538252 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 a11-2953_3fwp.htm FWP

 

Filed Pursuant to Rule 433

Registration Statement No. 333-163075-01

 

South Carolina Electric & Gas Company

 

FINAL TERM SHEET

 

Dated:  January 20, 2011

 

Issuer:

 

South Carolina Electric & Gas Company

 

 

 

Name of Securities:

 

First Mortgage Bonds, 5.450% Series due February 1, 2041

 

 

 

Size:

 

$250,000,000

 

 

 

Expected Ratings:

 

Moody’s: A3 (negative 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, 2041

 

 

 

Coupon (Interest Rate):

 

5.450%

 

 

 

Yield to Maturity:

 

5.475%

 

 

 

Spread to Benchmark Treasury:

 

+90 basis points (0.90%)

 

 

 

Benchmark Treasury:

 

UST 3.875% due August 15, 2040

 

 

 

Benchmark Treasury Price and Yield:

 

88-23; 4.575%

 

 

 

Interest Payment Dates:

 

February 1 and August 1, commencing August 1, 2011

 

 

 

Make-Whole Redemption Provision:

 

Prior to August 1, 2040, make whole call at Adjusted Treasury Rate +15 basis points (0.15%)

 


 

Par Redemption Provision:

 

On or after August 1, 2040

 

 

 

Underwriters’ Discount or Commission:

 

0.875%

 

 

 

Net Proceeds to Issuer:

 

$246,895,000, plus accrued interest from January 27, 2011

 

 

 

Price to Public:

 

99.633%, plus accrued interest from January 27, 2011

 

 

 

Settlement Date:

 

January 27, 2011 (T+5)

 

 

 

Denominations:

 

$1,000 x $1,000

 

 

 

CUSIP:

 

837004 CE8

 

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:

 

Merrill Lynch, Pierce, Fenner & Smith
Incorporated —

 

1-800-294-1322 (toll free)

 

 

 

BB&T Capital Markets,
a division of Scott & Stringfellow, LLC —

 

804-787-8221 (collect)

 

 

 

Credit Suisse Securities (USA) LLC —

 

1-800-221-1037 (toll free)

 

 

 

TD Securities (USA) LLC —

 

1-800-263-5292 (toll free)

 

Any disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded.  Such disclaimers or other notices were automatically generated as a result of this communication being sent via Bloomberg or another email system.

 

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