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Issuer:
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Entergy Mississippi, Inc.
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Security Type:
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First Mortgage Bonds (SEC Registered)
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Expected Ratings(1):
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A3 (stable outlook) by Moody’s Investors Service
A- (stable outlook) by Standard & Poor’s Ratings Services
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Trade Date:
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March 18, 2014
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Settlement Date (T+3):
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March 21, 2014
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Principal Amount:
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$100,000,000
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Coupon:
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3.75%
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Interest Payment Dates:
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January 1 and July 1 of each year
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First Interest Payment Date:
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July 1, 2014
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Maturity Date:
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July 1, 2024
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Optional Redemption Terms:
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Make-whole call at any time prior to April 1, 2024 at a discount rate of Treasury plus 15 bps and, thereafter, at par
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Benchmark Treasury:
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2.75% due February 15, 2024
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Spread to Benchmark Treasury:
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+108 bps
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Treasury Price / Yield:
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2.674%
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Yield to Maturity:
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3.754%
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Price to Public:
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99.970%
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Net Proceeds Before Expenses:
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$99,320,000
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Sole Book-Running Manager:
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Goldman, Sachs & Co.
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Co-Managers:
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CastleOak Securities, L.P.
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Drexel Hamilton, LLC
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Mischler Financial Group, Inc.
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Regions Securities LLC
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Samuel A. Ramirez & Company, Inc.
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CUSIP / ISIN:
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29364N AS7 / US29364N AS71
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1 A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
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