Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
October 02 2015 - 6:03AM
Edgar (US Regulatory)
Final Term Sheet
Filed Pursuant to Rule 433
Registration No. 333-202292
October 1, 2015
ENBRIDGE ENERGY PARTNERS, L.P.
$500,000,000 4.375% Notes due 2020
$500,000,000 5.875% Notes due 2025
$600,000,000 7.375% Notes due 2045
| Issuer: |
Enbridge Energy Partners, L.P. |
| Ratings*: |
Moody’s: Baa3 (stable outlook)
S&P: BBB (stable outlook) |
| Note Type: |
Senior Unsecured Notes |
| Pricing Date: |
October 1, 2015 |
| Settlement Date: |
October 6, 2015 (T+3) |
| Principal Amount: |
$500,000,000 aggregate principal amount of the 4.375% Notes due 2020 (the “2020 Notes”), $500,000,000 aggregate principal amount of the 5.875% Notes due 2025 (the “2025 Notes”) and $600,000,000 aggregate principal amount of the 7.375% Notes due 2045 (the “2045 Notes”) |
| Maturity Date: |
2020 Notes – October 15, 2020
2025 Notes – October 15, 2025
2045 Notes – October 15, 2045 |
| Benchmark Treasury: |
2020 Notes – UST 1.375% due September
30, 2020
2025 Notes – UST 2.000% due August
15, 2025
2045 Notes – UST 3.000% due May 15,
2045 |
| Benchmark Yield: |
2020 Notes – 1.370%
2025 Notes – 2.046%
2045 Notes – 2.862% |
| Spread to Benchmark Treasury: |
2020 Notes – 312.5 basis points
2025 Notes – 387.5 basis points
2045 Notes – 462.5 basis points |
| Yield to Maturity: |
2020 Notes – 4.495%
2025 Notes – 5.921%
2045 Notes – 7.487% |
| Coupon: |
2020 Notes – 4.375%
2025 Notes – 5.875%
2045 Notes – 7.375% |
| Public Offering Price: |
2020 Notes – 99.464%
2025 Notes – 99.654%
2045 Notes – 98.665% |
| Make-Whole Premium: |
2020 Notes – + 50 basis points
2025 Notes – + 50 basis points
2045 Notes – + 50 basis points
|
| Par Call: |
2020 Notes - At any time on or after September
15, 2020
2025 Notes - At any time on or after July
15, 2025
2045 Notes - At any time on or after April
15, 2045
|
| Interest Payment Period: |
Semi-Annually |
| Interest Payment Dates: |
April 15 and October 15, commencing April 15, 2016 |
| Denominations: |
$2,000 and integral multiples of $1,000 in excess thereof |
| CUSIP: |
2020 Notes - 29250R AV8
2025 Notes - 29250R AW6
2045 Notes - 29250R AX4
|
| ISIN: |
2020 Notes - US29250RAV87
2025 Notes - US29250RAW60
2045 Notes - US29250RAX44
|
| Joint Book-Running Managers: |
Deutsche Bank Securities Inc.
BNP Paribas Securities Corp.
Citigroup Global Markets Inc.
Morgan Stanley & Co. LLC
Mizuho Securities USA Inc.
SMBC Nikko Securities America, Inc.
Mitsubishi UFJ Securities (USA), Inc.
DNB Markets, Inc.
Wells Fargo Securities, LLC
Barclays Capital Inc.
Credit Agricole Securities (USA) Inc. |
| Co-Managers: |
Bank of China Ltd.
BB&T Capital Markets, a division of BB&T
Securities, LLC |
* 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.
************************
The issuer has filed a registration statement
(including a preliminary prospectus supplement and a prospectus) with the SEC for the offering to which this communication relates.
Before you invest, you should read the preliminary prospectus supplement and 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 http://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 800-503-4611, BNP Paribas Securities Corp. toll free at 800-854-5674, Citigroup Global Markets Inc.
toll free at 800-831-9146 or Morgan Stanley & Co. LLC toll free at 866-718-1649.
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