0001104659-20-042549.txt : 20200402 0001104659-20-042549.hdr.sgml : 20200402 20200402170245 ACCESSION NUMBER: 0001104659-20-042549 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200402 DATE AS OF CHANGE: 20200402 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TRANSCANADA PIPELINES LTD CENTRAL INDEX KEY: 0000099070 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION [4922] IRS NUMBER: 522179728 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-235546 FILM NUMBER: 20770016 BUSINESS ADDRESS: STREET 1: 450 - 1ST STREET SW STREET 2: PO BOX 1000 STATION M CITY: CALGARY ALBERTA STATE: A0 ZIP: T2P 5H1 BUSINESS PHONE: 4039206411 MAIL ADDRESS: STREET 1: 450 - 1ST STREET SW CITY: CALGARY ALBERTA STATE: A0 ZIP: T2P 5H1 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TRANSCANADA PIPELINES LTD CENTRAL INDEX KEY: 0000099070 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION [4922] IRS NUMBER: 522179728 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 450 - 1ST STREET SW STREET 2: PO BOX 1000 STATION M CITY: CALGARY ALBERTA STATE: A0 ZIP: T2P 5H1 BUSINESS PHONE: 4039206411 MAIL ADDRESS: STREET 1: 450 - 1ST STREET SW CITY: CALGARY ALBERTA STATE: A0 ZIP: T2P 5H1 FWP 1 a20-14103_3fwp.htm FWP

 

Filed Pursuant to Rule 433

Registration No. 333-235546

April 2, 2020

 

U.S.$1,250,000,000
TransCanada PipeLines Limited

 

4.100% Senior Notes due 2030

 

Issuer:

 

TransCanada PipeLines Limited

 

 

 

Security:

 

4.100% Senior Notes due 2030

 

 

 

Size:

 

U.S.$1,250,000,000

 

 

 

Maturity Date:

 

April 15, 2030

 

 

 

Coupon:

 

4.100%

 

 

 

Interest Payment Dates:

 

April 15 and October 15, commencing on October 15, 2020

 

 

 

Price to Public:

 

99.836%

 

 

 

Benchmark Treasury:

 

1.500% due February 15, 2030

 

 

 

Benchmark Treasury Price and Yield:

 

108-13/0.620%

 

 

 

Spread to Benchmark Treasury:

 

350 basis points

 

 

 

Yield:

 

4.120%

 

 

 

Optional Redemption:

 

At any time at the greater of par or a discount rate of Treasury plus 50 basis points

 

 

 

At Par Redemption:

 

On or after January 15, 2030

 

 

 

Trade Date:

 

April 2, 2020

 

 

 

Expected Settlement Date:

 

April 6, 2020 (T+2)

 

 

 

CUSIP:

 

89352HBA6

 

 

 

ISIN:

 

US89352HBA68

 

 

 

Joint Bookrunners:

 

J.P. Morgan Securities LLC
Citigroup Global Markets Inc.

 

 

 

Co-Managers:

 

Deutsche Bank Securities Inc.
MUFG Securities Americas Inc.
Credit Suisse Securities (USA) LLC
Mizuho Securities USA LLC
SMBC Nikko Securities America, Inc.
Barclays Capital Inc.
BofA Securities, Inc.
Wells Fargo Securities, LLC

 

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 J.P. Morgan Securities LLC collect at (212) 834-4533 or Citigroup Global Markets Inc. toll free at (800) 831-9146.