Filed pursuant to Rule 433
Relating to Preliminary Prospectus Supplement dated January 9, 2017
to Prospectus dated December 19, 2014
Registration No. 333-201149
DOMINION RESOURCES, INC.
FINAL TERM SHEET
January 9, 2017
2017 Series A 1.875% Senior Notes due 2019 |
2017 Series B 2.75% Senior Notes due 2022 | |||
Issuer: |
Dominion Resources, Inc. | Dominion Resources, Inc. | ||
Principal Amount: |
$400,000,000 | $400,000,000 | ||
Expected Ratings* (Moodys/S&P/Fitch): |
Baa2 (stable outlook)/ BBB (stable outlook)/ BBB+ (stable outlook) |
Baa2 (stable outlook)/ BBB (stable outlook)/ BBB+ (stable outlook) | ||
Trade Date: |
January 9, 2017 | January 9, 2017 | ||
Settlement Date: |
January 12, 2017 | January 12, 2017 | ||
Final Maturity Date: |
January 15, 2019 | January 15, 2022 | ||
Interest Payment Dates: |
January 15 and July 15 |
January 15 and July 15 | ||
First Interest Payment Date: |
July 15, 2017 | July 15, 2017 | ||
Optional Redemption: |
Make Whole Call at T+15 bps | Make Whole Call at T+15 bps prior to December 15, 2021; Par Call on or after December 15, 2021 | ||
Treasury Benchmark: |
1.25% due December 31, 2018 | 2.00% due December 31, 2021 | ||
Benchmark Yield: |
1.19% | 1.881% | ||
Spread to Benchmark: |
+72 bps | +90 bps | ||
Reoffer Yield: |
1.91% | 2.781% | ||
Coupon: |
1.875% | 2.75% | ||
Price to Public: |
99.931% | 99.856% | ||
Proceeds to the Company Before Expenses: |
99.681% | 99.256% | ||
CUSIP/ISIN: |
25746UCQ0/ US25746UCQ04 |
25746UCR8/ US25746UCR86 | ||
Joint Book-Running Managers: |
Barclays Capital Inc., Citigroup Global Markets Inc. and UBS 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, including the preliminary prospectus supplement dated January 9, 2017, 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 and preliminary prospectus supplement if you request them by calling:
Barclays Capital Inc. | 1-888-603-5847 (toll free) | |
Citigroup Global Markets Inc. |
1-800-831-9146 (toll free) | |
UBS Securities LLC |
1-888-827-7275 (toll free) |
* | Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. |