Filed Pursuant to Rule 433
Registration No. 333-192562
February 25, 2014
U.S.$1,250,000,000
TransCanada PipeLines Limited
4.625% Senior Notes due 2034
|
Issuer: |
|
TransCanada PipeLines Limited |
|
|
|
|
|
Security: |
|
4.625% Senior Notes due 2034 |
|
|
|
|
|
Size: |
|
U.S.$1,250,000,000 |
|
|
|
|
|
Maturity Date: |
|
March 1, 2034 |
|
|
|
|
|
Coupon: |
|
4.625% |
|
|
|
|
|
Interest Payment Dates: |
|
March 1 and September 1, commencing September 1, 2014 |
|
|
|
|
|
Price to Public: |
|
99.548% |
|
|
|
|
|
Benchmark Treasury: |
|
3.75% due November 15, 2043 |
|
|
|
|
|
Benchmark Treasury Yield: |
|
3.66% |
|
|
|
|
|
Spread to Benchmark Treasury: |
|
+100 basis points |
|
|
|
|
|
Yield: |
|
4.66% |
|
|
|
|
|
Redemption: |
|
At any time prior to December 1, 2033, at the greater of par or a discount rate of Treasury plus 15 basis points |
|
|
|
|
|
At Par Redemption: |
|
On or after December 1, 2033 |
|
|
|
|
|
Trade Date: |
|
February 25, 2014 |
|
|
|
|
|
Expected Settlement Date: |
|
February 28, 2014 (T+3) |
|
|
|
|
|
CUSIP: |
|
89352HAM1 |
|
|
|
|
|
ISIN: |
|
US89352HAM16 |
|
|
|
|
|
Joint Bookrunners: |
|
HSBC Securities (USA) Inc. |
|
|
|
|
|
Co-Managers: |
|
Citigroup Global Markets Inc. Deutsche Bank Securities Inc. Mitsubishi UFJ Securities (USA), Inc. Mizuho Securities USA Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated Credit Suisse Securities (USA) 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 HSBC Securities (USA) Inc. toll free at (866) 811-8049 or J.P. Morgan Securities LLC collect at 212-834-4533.