- Free Writing Prospectus - Filing under Securities Act Rules 163/433 (FWP)
10 November 2009 - 9:28AM
Edgar (US Regulatory)
Filed Pursuant to Rule 433
Issuer Free Writing Prospectus dated November 9,
2009
Relating to Preliminary Prospectus Supplement
dated November 9, 2009
Registration Statement No. 333-155243
TransAlta Corporation
Pricing Term Sheet
Issuer:
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TransAlta
Corporation
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Expected
Ratings:
*
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Baa2/BBB
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Security
Type:
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SEC
registered senior unsecured notes
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Size:
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US$500,000,000
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Maturity:
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January 15,
2015
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Coupon:
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4.75%
per annum, payable semi-annually
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Price:
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99.783%
(US$498,915,000)
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Yield
to Maturity:
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4.795%
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Spread:
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+250
basis points
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Benchmark
Treasury:
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2.375%
due October 31, 2014
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Treasury
Yield/Price:
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2.295%/100-
12
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Settlement
Date:
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November 13,
2009
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Interest
Payment Dates:
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January 15
and July 15 of each year commencing July 15, 2010
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Make-Whole
Call:
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T+37.5
basis points
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CUSIP
No.:
ISIN
No.:
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89346D
AD9
US89346DAD93
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Joint
Book-Running
Managers:
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RBC
Capital Markets Corporation
HSBC
Securities (USA) Inc.
RBS
Securities Inc.
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Co-Managers:
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CIBC World
Markets Corp.
Scotia Capital
(USA) Inc.
Mitsubishi UFJ Securities (USA), Inc.
BNP Paribas
Securities Corp.
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*
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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.
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Please note that the third
paragraph on page S-15 of the Prospectus Supplement is hereby completed
and revised as follows: The pro forma earnings coverage ratios for the twelve
month period ended December 31, 2008 and the twelve month period ended September 30,
2009, giving effect to this offering and without the application of the net
proceeds from the sale of the Notes (assuming this offering took place on the
first date of the respective twelve month period), would have been 2.4x
and 1.8x, respectively.
The issuer has filed a
registration statement (including a prospectus) with the United States
Securities and Exchange Commission (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 RBC Capital Markets
Corporation at (212) 428-6670, HSBC Securities (USA) Inc. toll free at
1-866-811-8049 or RBS Securities Inc. toll free at 1-866-884-2071.
2
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