Issuer:
|
Kansas City Power & Light Company | |
Principal Amount:
|
$400,000,000 | |
Expected Ratings*:
|
Moody’s Investors Service, Inc.: Baa2 | |
| Standard & Poor’s Ratings Services: BBB | ||
Title of Securities:
|
5.30% Notes due 2041 | |
Trade Date:
|
September 15, 2011 | |
Settlement Date:
|
September 20, 2011 (T+3) | |
Maturity Date:
|
October 1, 2041 | |
Interest Payment Dates:
|
Semi-annually on April 1 and October 1, beginning April 1, 2012 | |
Coupon (Interest Rate):
|
5.30% | |
Yield to Maturity:
|
5.343% | |
Benchmark Treasury:
|
4.375% due May 15, 2041 | |
Benchmark Treasury Price / Yield:
|
119-10 / 3.343% | |
Spread to Benchmark Treasury:
|
+200 basis points | |
Price to Public:
|
99.358% of the principal amount, plus accrued interest, if any, from September 20, 2011, if settlement occurs after that date | |
Redemption Provision:
|
Prior to April 1, 2041, 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 30 basis points. On or after April 1, 2041, callable at any time at par. | |
CUSIP / ISIN :
|
485134 BM1 / US485134BM13 | |
Joint Book-Running Managers:
|
Barclays Capital Inc. | |
| RBS Securities Inc. | ||
| Wells Fargo Securities, LLC | ||
Senior Co-Manager:
|
Scotia Capital (USA) Inc. | |
Co-Managers:
|
BNY Mellon Capital Markets, LLC | |
| KeyBanc Capital Markets 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. |