Filed pursuant to Rule 433
Relating to Preliminary Prospectus Supplement dated March 13, 2017
to Prospectus dated December 19, 2014
Registration No. 333-201153
VIRGINIA ELECTRIC AND POWER COMPANY
FINAL TERM SHEET
March 13, 2017
| 2017 Series A 3.50% Senior Notes Due 2027 | ||
| Principal Amount: |
$750,000,000 | |
| Expected Ratings (Moody’s/S&P/Fitch)*: |
A2 (stable outlook)/ BBB+ (stable outlook)/ A (stable outlook) | |
| Trade Date: |
March 13, 2017 | |
| Settlement Date: |
March 16, 2017 | |
| Final Maturity Date: |
March 15, 2027 | |
| Interest Payment Dates: |
March 15 and September 15 | |
| First Interest Payment Date: |
September 15, 2017 | |
| Make-Whole Call: |
T+15 bps prior to December 15, 2026 | |
| Par Call: |
On or after December 15, 2026 | |
| Treasury Benchmark: |
2.250% due February 15, 2027 | |
| Benchmark Yield: |
2.611% | |
| Spread to Benchmark: |
+90 bps | |
| Reoffer Yield: |
3.511% | |
| Coupon: |
3.50% | |
| Price to Public: |
99.908% | |
| Proceeds to Company Before Expenses: |
99.258% | |
| CUSIP/ISIN: |
927804 FX7/US927804FX73 | |
| Joint Book-Running Managers: |
Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC | |
| Co-Managers: |
CastleOak Securities, L.P. and Loop Capital Markets 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 March 13, 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:
| Deutsche Bank Securities Inc. | 1-800-503-4611 (toll free) | |
| J.P. Morgan Securities LLC |
1-212-834-4533 (collect) | |
| Wells Fargo Securities, LLC |
1-800-645-3751 (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.