Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Nos. 333-168901
and 333-168901-02
March 16, 2011
AGL CAPITAL CORPORATION/AGL RESOURCES INC.
Pricing Term Sheet for 2041 Senior Notes
| Issuer: | AGL Capital Corporation | |
| Guarantor: | AGL Resources Inc. | |
| Ratings: | Baa1/BBB+/A- | |
| Security Type: | Senior Notes | |
| Size: | $500,000,000 | |
| Maturity: | March 15, 2041 | |
| Coupon: | 5.875% | |
| Price to Public: | 99.833% of principal amount | |
| Benchmark Treasury:
Benchmark Treasury Yield:
Spread to Benchmark Treasury:
Yield to Maturity:
Trade Date: |
UST 4.250% due November 15, 2040
4.387%
+150 bps
5.887%
March 16, 2011 | |
| Interest Payment Dates: | March 15 and September 15 of each year, commencing September 15, 2011 | |
| Par Redemption | Any time after September 15, 2040 at a redemption price equal to 100% of the principal amount, plus accrued and unpaid interest. | |
| Make Whole Redemption: | T+25 bps | |
| Settlement: | March 21, 2011 (T+3) | |
| CUSIP/ISIN: | 001192AH6 / US001195AH64 | |
| Book-Running Managers: | Goldman, Sachs & Co. Morgan Stanley & Co. Incorporated RBS Securities Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated | |
| Co-Managers: | Credit Agricole Securities (USA) Inc. Deutsche Bank Securities Inc. Mitsubishi UFJ Securities (USA), Inc. Scotia Capital (USA) Inc. SunTrust Robinson Humphrey, Inc. U.S. Bancorp Investments, Inc. Wells Fargo Securities, 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 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 Goldman, Sachs & Co., at 1-866-471-2526, Morgan Stanley & Co. Incorporated, at 1-866-718-1649, RBS Securities Inc., at 1-866-884-2071 or Merrill Lynch, Pierce, Fenner & Smith Incorporated, at 1-800-294-1322.
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