Filed Pursuant to Rule 433
Registration No. 333-134406
Free Writing Prospectus dated February 4, 2009
El Paso Corporation
February 4, 2009
PRICING TERM SHEET
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Issuer: |
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El Paso Corporation |
Security: |
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8.250% Senior Notes due 2016 |
Size: |
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$500,000,000 |
Maturity: |
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February 15, 2016 |
Coupon: |
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8.250% |
Price to Public: |
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95.535% |
Yield to Maturity: |
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9.125% |
Spread to Benchmark Treasury: |
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+ 664 bps |
Benchmark Treasury: |
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4.50% due February 15, 2016 |
Interest Payment Dates: |
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February 15 and August 15,
commencing August 15, 2009 |
Make-Whole Call: |
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T+ 50 bps |
Settlement: |
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T+3; February 9, 2009 |
CUSIP: |
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28336L BT5 |
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
Morgan Stanley toll-free at 1-866-718-1649.
This pricing term sheet supplements the preliminary form of prospectus supplement issued by El Paso
Corporation on February 4, 2009 relating to its Prospectus dated May 23, 2006.