Filed Pursuant to Rule 433
Registration No. 333-193695-02
May 13, 2016
PRICING TERM SHEET
(to Preliminary Prospectus Supplement dated May 13, 2016)
| Issuer: |
CenterPoint Energy Houston Electric, LLC | |
| Security: |
1.85% General Mortgage Bonds, Series Y, due 2021 | |
| Legal Format: |
SEC Registered | |
| Anticipated Ratings*: |
A1/A/A (Moody’s/S&P/Fitch) | |
| Size: |
$300,000,000 | |
| Trade Date: |
May 13, 2016 | |
| Expected Settlement Date: |
May 18, 2016 | |
| Maturity Date: |
June 1, 2021 | |
| Interest Payment Dates: |
June 1 and December 1, commencing December 1, 2016 | |
| Coupon: |
1.85% | |
| Price to Public: |
99.875% | |
| Benchmark Treasury: |
1.375% due April 30, 2021 | |
| Benchmark Treasury Yield: |
1.206% | |
| Spread to Benchmark Treasury: |
+67 basis points | |
| Re-offer Yield: |
1.876% | |
| Optional Redemption: |
Prior to May 1, 2021, greater of 100% or make-whole at a discount rate of Treasury plus 12.5 basis points (calculated to May 1, 2021); and on or after May 1, 2021, 100% plus, in either case, accrued and unpaid interest. | |
| CUSIP: |
15189X AP3 | |
| Joint Book-Running Managers: |
Citigroup Global Markets Inc. | |
| Credit Suisse Securities (USA) LLC | ||
| Wells Fargo Securities, LLC | ||
| Senior Co-Manager: |
PNC Capital Markets LLC | |
| Co-Managers: |
Academy Securities, Inc. | |
| MFR Securities, Inc. | ||
| Samuel A. Ramirez & Company, Inc. | ||
| The Williams Capital Group, L.P. | ||
*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 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 Citigroup Global Markets Inc. toll free at 1-800-831-9146, Credit Suisse Securities (USA) LLC toll free at 1-800-221-1037 or Wells Fargo Securities, LLC toll free at 1-800-645-3751.