FWP-SCHEDULEDfinal
File pursuant to Rule 433
Registration Statement No. 333-163075-01


South Carolina Electric & Gas Company

FINAL TERM SHEET

Dated: July 10, 2012

Issuer:
South Carolina Electric & Gas Company
Name of Securities:
First Mortgage Bonds, 4.350% Series due February 1, 2042
Size:
$250,000,000
Expected Ratings:
Moody’s: A3 (stable outlook); S&P: A (stable outlook); Fitch: A (stable outlook). A securities rating is not a recommendation to buy, sell or hold securities and may be subject to review, revision, suspension, reduction or withdrawal at any time by the assigning rating agency.
Trade Date:
July 10, 2012
Settlement Date:
July 13, 2012 (T+3)
Maturity:
February 1, 2042
Coupon (Interest Rate):
4.350%
Benchmark Treasury:
3.125% due February 15, 2042
Benchmark Treasury Price / Yield:
110-20 / 2.608%
Re-Offer Spread:
+125 basis points (1.25%)
Re-Offer Yield:
3.858%
Interest Payment Dates:
February 1 and August 1, commencing August 1, 2012
Make-Whole Redemption Provision:
Prior to August 1, 2041, make-whole call at Adjusted Treasury Rate +20 basis points
Par Redemption Provision:
On or after August 1, 2041


Underwriting Discount:
0.875%
Net Proceeds to Issuer (before expenses):
$269,382,500, plus accrued interest from, and including, January 30, 2012
Price to Public:
108.628%, plus accrued interest from, and including, January 30, 2012 to, but excluding, July 13, 2012. The total amount of accrued interest on July 13, 2012 will be $4,923,958.33.
Denominations:
$1,000 x $1,000
CUSIP:
837004 CF5
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:
BB&T Capital Markets,
  a division of Scott & Stringfellow, LLC -
 

1-804-787-8221 (collect)
Mizuho Securities USA Inc. -
 
1-866-271-7403 (toll free)
Wells Fargo Securities, LLC -
 
   1-800-326-5897 (toll free)

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