Filed Pursuant to Rule 433
Registration Statement No. 333-180105-01
Dated March 11, 2013
Final Term Sheet
Kansas City Power & Light Company
3.15% Notes due 2023
| Issuer: | Kansas City Power & Light Company | |
| Principal Amount: | $300,000,000 | |
| Expected Ratings*: | Moody’s Investors Service, Inc.: Baa2 Standard & Poor’s Ratings Services: BBB | |
| Title of Securities: | 3.15% Notes due 2023 | |
| Trade Date: | March 11, 2013 | |
| Settlement Date: | March 14, 2013 | |
| Maturity Date: | March 15, 2023 | |
| Interest Payment Dates: | Semi-annually on March 15 and September 15, beginning September 15, 2013 | |
| Coupon (Interest Rate): | 3.15% | |
| Yield to Maturity: | 3.161% | |
| Benchmark Treasury: | 2.00% due February 15, 2023 | |
| Benchmark Treasury Price / Yield: | 99-14+ / 2.061% | |
| Spread to Benchmark Treasury: | +110 basis points | |
| Price to Public: | 99.906% of the principal amount, plus accrued interest, if any, from March 14, 2013, if settlement occurs after that date | |
| Redemption Provision: | Prior to December 15, 2022, callable at any time at a make-whole premium of the greater of (i) 100% of the principal amount or (ii) discounted present value at Treasury Rate plus 20 basis points.
On or after December 15, 2022, callable at any time at par. | |
| CUSIP / ISIN : | 485134 BN9 / US485134BN95 | |
| Joint Book-Running Managers: | BNP Paribas Securities Corp. Merrill Lynch, Pierce, Fenner & Smith Incorporated Mitsubishi UFJ Securities (USA), Inc. | |
| Co-Managers: | BNY Mellon Capital Markets, LLC Scotia Capital (USA) Inc. | |
*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 Web site at www.sec.gov. Alternatively, BNP Paribas Securities Corp., Merrill Lynch, Pierce, Fenner & Smith Incorporated or Mitsubishi UFJ Securities (USA), Inc. can arrange to send you the prospectus if you request it by calling BNP Paribas Securities Corp. toll-free at 1-800-854-5674, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-800-294-1322 or Mitsubishi UFJ Securities (USA), Inc. toll-free at 1-877-649-6848.