Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses
01 November 2024 - 8:19AM
Edgar (US Regulatory)
Issuer Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-281010
$550,000,000
5.25% Senior Notes Due 2032
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| SUMMARY OF TERMS |
| Security: |
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5.25% Senior Notes Due 2032 (the “Notes”) |
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| Issuer: |
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Edison International (“EIX”) |
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| Principal Amount: |
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$550,000,000 |
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| Expected Ratings of Securities*: |
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Baa2, BBB-, BBB (Stable / Stable / Stable) (Moody’s / S&P / Fitch) |
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| Trade Date: |
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October 31, 2024 |
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| Settlement Date**: |
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November 5, 2024 (T+3) |
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| Maturity Date: |
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March 15, 2032 |
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| Benchmark US Treasury: |
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3.625% due September 30, 2031 |
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| Benchmark US Treasury Price: |
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96-161⁄4 |
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| Benchmark US Treasury Yield: |
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4.212% |
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| Spread to Benchmark US Treasury: |
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T + 105 basis points |
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| Reoffer Yield: |
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5.262% |
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| Coupon: |
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5.25% per annum |
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| Coupon Payment Dates: |
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March 15 and September 15 |
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| First Coupon Payment Date: |
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March 15, 2025 (short first interest period) |
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| Public Offering Price: |
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99.934% of Principal Amount |
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| Optional Redemption: |
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Callable at any time prior to January 15, 2032 in whole or in part, at the greater of (a) a “make whole” premium of T+20 bps and (b) 100% of the principal amount of the notes being redeemed plus, in either case,
accrued and unpaid interest to but excluding the date of redemption. At any time on or after January 15, 2032, callable, in whole or in part, at 100% of the principal amount of the notes being redeemed plus accrued and unpaid interest to but
excluding the date of redemption. |
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| CUSIP/ISIN: |
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281020BB2 / US281020BB24 |
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| Joint Book-Running Managers: |
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Barclays Capital Inc. (“Barclays”)
BNY Mellon Capital Markets, LLC (“BNY Capital Markets”)
RBC Capital Markets, LLC (“RBC Capital Markets”) |
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| Co-Managers: |
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AmeriVet Securities, Inc. Loop Capital Markets
LLC Stern Brothers & Co. |
| * |
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. |
| ** |
Under Rule 15c6-1 of the Securities Exchange Act of 1934, as
amended, trades in the secondary market generally are required to settle in one business day (“T+1”), unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes on the Trade Date or
the following business day will be required, by virtue of the fact that the Notes initially will not settle in T+1, to specify an alternative settlement cycle at the time of any such trade to prevent a failed settlement and should consult their own
advisor. |
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 Barclays at 1-888-603-5847, BNY Capital Markets at
1-800-269-6864 and RBC Capital Markets at 1-866-375-6829.
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