Filed pursuant to Rule 433
Registration No. 333-190388-01
August 6, 2013
Laclede Gas Company
Pricing Term Sheet
$100,000,000 2.000% Series First Mortgage Bonds due 2018
$250,000,000 3.400% Series First Mortgage Bonds due 2023
$100,000,000 4.625% Series First Mortgage Bonds due 2043
| Issuer: | Laclede Gas Company | |||||
| Ratings (Moody’s / S&P / Fitch)*: | A2 / A / A | |||||
| Ratings Outlooks (Moody’s / S&P / Fitch)*: | Stable / Stable / Stable | |||||
| Security Type: | First Mortgage Bonds | |||||
| Bonds due 2018 | Bonds due 2023 | Bonds due 2043 | ||||
| Pricing Date: | August 6, 2013 | August 6, 2013 | August 6, 2013 | |||
| Settlement Date: | August 13, 2013 | August 13, 2013 | August 13, 2013 | |||
| Maturity Date: | August 15, 2018 | August 15, 2023 | August 15, 2043 | |||
| Interest Payment Dates: | February 15 and August 15, beginning February 15, 2014 | February 15 and August 15, beginning February 15, 2014 | February 15 and August 15, beginning February 15, 2014 | |||
| Principal Amount: | $100,000,000 | $250,000,000 | $100,000,000 | |||
| Benchmark: | 1.375% due July 31, 2018 | 1.750% due May 15, 2023 | 3.125% due February 15, 2043 | |||
| Benchmark Price / Yield: | 99-31 1/4 / 1.380% | 92-13 / 2.636% | 89-15+ / 3.714% | |||
| Spread to Benchmark: | + 70 bps | + 80 bps | + 95 bps | |||
| Yield to Maturity: | 2.080% | 3.436% | 4.664% | |||
| Coupon: | 2.000% | 3.400% | 4.625% | |||
| Public Offering Price: | 99.622% | 99.697% | 99.373% | |||
| Optional Redemption: | T + 10 bps | T + 15 bps | T + 15 bps | |||
| CUSIP / ISIN: | 505588BH5 / US505588BH57 | 505588BJ1 / US505588BJ14 | 505588BK8 / US505588BK86 | |||
| Book-Running Manager: | Wells Fargo Securities, LLC | |||||
| Senior Co-Manager: | U.S. Bancorp Investments, Inc. | |||||
| Co-Managers: | Commerce Bank – Capital Markets Group Fifth Third Securities, Inc. UMB Financial Services, 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 preliminary prospectus supplement and a prospectus) and a prospectus supplement with the U.S. Securities and Exchange Commission (SEC) for the offering to which this communication relates. Before you invest, you should read the prospectus supplement for this offering, the issuer’s prospectus in that registration statement and any 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 searching the SEC online data base (EDGAR) on the SEC web site at http://www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus supplement and prospectus if you request it by calling Wells Fargo Securities, LLC toll-free at 1-800-326-5897 or e-mailing cmClientsupport@wellsfargo.com.