Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-176855
Sempra Energy
Final Term Sheet
June 10, 2014
3.55% Notes due 2024
This free writing prospectus relates only to the securities described below and should be read together with Sempra Energy’s preliminary prospectus supplement dated June 10, 2014 (the “Preliminary Prospectus Supplement”), the accompanying prospectus dated September 15, 2011 and the documents incorporated and deemed to be incorporated by reference therein.
| Issuer: |
Sempra Energy (the “Company”) | |
| Securities Offered: |
3.55% Notes due 2024 | |
| Aggregate Principal Amount Offered: |
$500,000,000 | |
| Interest Payment Dates: |
June 15 and December 15, commencing December 15, 2014 | |
| Coupon: |
3.55%, accruing from June 13, 2014 | |
| Maturity: |
June 15, 2024 | |
| Yield to Maturity: |
3.585% | |
| Spread to Benchmark Treasury: |
+ 95 basis points | |
| Benchmark Treasury: |
2.50% due May 15, 2024 | |
| Benchmark Treasury Yield: |
2.635% | |
| Optional Redemption Provision: |
Prior to March 15, 2024, make whole call at Adjusted Treasury Rate (as defined in the Preliminary Prospectus Supplement) +15 basis points. On and after March 15, 2024, 100% of the principal amount. See the Preliminary Prospectus Supplement for the definition of “Adjusted Treasury Rate” and for further terms and provisions applicable to optional redemption. | |
| Price to Public: |
99.708%, plus accrued interest, if any | |
| Trade Date: |
June 10, 2014 | |
| Settlement Date: |
June 13, 2014 (T+3) | |
| CUSIP: |
816851AV1 | |
| ISIN: |
US816851AV10 | |
| Anticipated Rating1: |
Baa1 (stable) by Moody’s Investors Service BBB+ (stable) by Standard & Poor’s Ratings Services BBB+ (stable) by Fitch Ratings | |
| Joint Book-Running Managers: |
Deutsche Bank Securities Inc. J.P. Morgan Securities LLC Wells Fargo Securities, LLC Credit Suisse Securities (USA) LLC | |
| Co-Managers: |
Goldman, Sachs & Co. U.S. Bancorp Investments, Inc. | |
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 website 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 Deutsche Bank Securities Inc. toll-free at 1-800-503-4611, by calling J.P. Morgan Securities LLC collect at 1-212-834-4533, or by calling Wells Fargo Securities, LLC toll-free at 1-800-326-5897.
| 1 | Note: A securities rating is not a recommendation to buy, sell or hold securities and is subject to revision or withdrawal at any time. |
2