Obligation CentrePoint Energy 7% ( US15189TBH95 ) en USD

CentrePoint Energy

104.224 % ▼

Etats-unis

US15189TBH95 ( en USD )

7% par an ( paiement semestriel )

15/02/2055

Prospectus brochure de l'obligation CenterPoint Energy US15189TBH95 en USD 7%, échéance 15/02/2055

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15189TBH9

BBB- ( Qualité moyenne inférieure )

Baa3 ( Qualité moyenne inférieure )

15/02/2026 ( Dans 59 jours )

CenterPoint Energy est une entreprise de services publics majeure aux États-Unis, spécialisée dans la transmission et la distribution d'électricité et de gaz naturel auprès de millions de clients dans plusieurs États.

L'Obligation émise par CentrePoint Energy ( Etats-unis ) , en USD, avec le code ISIN US15189TBH95, paye un coupon de 7% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 15/02/2055

L'Obligation émise par CentrePoint Energy ( Etats-unis ) , en USD, avec le code ISIN US15189TBH95, a été notée Baa3 ( Qualité moyenne inférieure ) par l'agence de notation Moody's.

L'Obligation émise par CentrePoint Energy ( Etats-unis ) , en USD, avec le code ISIN US15189TBH95, a été notée BBB- ( Qualité moyenne inférieure ) par l'agence de notation Standard & Poor's ( S&P ).

FWP 1 d883534dfwp.htm FWP
Filed Pursuant to Rule 433
Registration No. 333-272025
August 12, 2024
PRICING TERM SHEET
(to Preliminary Prospectus Supplement, dated August 12, 2024)
This free writing prospectus relates only to the securities described below and should be read together with CenterPoint Energy, Inc.'s preliminary
prospectus supplement dated August 12, 2024 (the "Preliminary Prospectus Supplement"), the accompanying prospectus dated May 17, 2023 and the
documents incorporated and deemed to be incorporated by reference therein.
Issuer:
CenterPoint Energy, Inc. (the "Issuer")
Legal Format:
SEC Registered
Anticipated Ratings*:
Baa3 (negative) / BBB- (negative) / BB+ (negative) (Moody's / S&P / Fitch)
Security:
7.000% Fixed-to-Fixed Reset Rate Junior Subordinated
6.850% Fixed-to-Fixed Reset Rate Junior Subordinated
Notes, Series A, due 2055 (the "Series A Notes")
Notes, Series B, due 2055 (the "Series B Notes", and
together with the Series A Notes, the "Notes")
Principal Amount:
$400,000,000
$400,000,000
Maturity Date:
February 15, 2055
February 15, 2055
Interest Payment Dates:
February 15 and August 15 of each year, commencing
February 15 and August 15 of each year, commencing
February 15, 2025
February 15, 2025
Regular Record Dates
February 1 and August 1 of each year, immediately
February 1 and August 1 of each year, immediately
preceding any February 15 and August 15 interest
preceding any February 15 and August 15 interest
payment date, as the case may be.
payment date, as the case may be.
Ranking:
The Notes will be the Issuer's unsecured obligations and will rank junior and subordinate in right of payment to the
prior payment in full of the Issuer's existing and future Senior Indebtedness (including (i) any indebtedness the Issuer
may incur in the future under the Issuer's Second Amended and Restated Credit Agreement, dated December 6,
2022, by and among the Issuer, as borrower, JPMorgan Chase Bank, N.A., as administrative agent, the lenders and
other parties thereto (as amended, restated, supplemented or otherwise modified from time to time, the "Credit
Agreement"), (ii) the Issuer's $500 million aggregate principal amount of the Issuer's 2.50% Senior Notes due 2024,
(iii) the Issuer's $1 billion aggregate principal amount of 4.25% Convertible Senior Notes due 2026, (iv) the Issuer's
$400 million aggregate principal amount of 5.25% Senior Notes due 2026, (v) the Issuer's $500 million aggregate
principal amount of 1.45% Senior Notes due 2026, (vi) the Issuer's $150 million aggregate principal amount of
4.25% Senior Notes due 2028, (vii) the Issuer's $700 million aggregate principal amount of 5.40% Senior Notes due
2029, (viii) the Issuer's $400 million aggregate principal amount of 2.95% Senior Notes due 2030, (ix) the Issuer's
$500 million aggregate principal amount of 2.65% Senior Notes due 2031 and (x) the Issuer's $300 million aggregate
principal amount of 3.70% Senior Notes due 2049) as described in the Preliminary Prospectus Supplement. The
Notes will rank equally in right of payment with (x) the Issuer's existing 2.0% Zero-Premium Exchangeable
Subordinated Notes due 2029, (y) for a given series of the Notes, the Notes of the other series and (z) any future
unsecured indebtedness that the Issuer may incur from time to time if the terms of such indebtedness provide that it
ranks equally with the Notes in right of payment. See "Description of Notes--Ranking" in the Preliminary
Prospectus Supplement. For the definition of the term "Senior Indebtedness," see "Description of Notes--
Subordination" in the Preliminary Prospectus Supplement.
First Reset Date:
February 15, 2030 (the "First Series A Reset Date")
February 15, 2035 (the "First Series B Reset Date")
Interest Rate:
The Series A Notes will bear interest (i) from and
The Series B Notes will bear interest (i) from and
including August 14, 2024 to, but excluding, the First
including August 14, 2024 to, but excluding, the First
Series A Reset Date at rate of 7.000% and (ii) from and
Series B Reset Date at rate of 6.850% and (ii) from and
including the First Series A Reset Date during each Series including the First Series B Reset Date during each Series
A Interest Reset Period (as defined in the Preliminary
B Interest Reset Period (as defined in the Preliminary
Prospectus Supplement) at rate equal to the Five-Year
Prospectus Supplement) at rate equal to the Five-Year
Treasury Rate (as defined in the Preliminary Prospectus
Treasury Rate (as defined in the Preliminary Prospectus
Supplement) as of the most recent Series A Reset Interest Supplement) as of the most recent Series B Reset Interest
Determination Date (as defined in the Preliminary
Determination Date (as defined in the Preliminary
Prospectus Supplement), plus 3.254%.
Prospectus Supplement), plus 2.946%.

Reset Period:
The period from and including the Series A First Reset
The period from and including the Series B First Reset
Date to but excluding the next following Series A Reset
Date to but excluding the next following Series B Reset
Date and thereafter each period from and including a
Date and thereafter each period from and including a
Series A Reset Date to but excluding the next following
Series B Reset Date to but excluding the next following
Series A Reset Date, or the maturity date, or the date of
Series B Reset Date, or the maturity date, or the date of
redemption or repayment, as the case may be.
redemption or repayment, as the case may be.
Reset Date:
The First Series A Reset Date and February 15 of every
The First Series B Reset Date and February 15 of every
fifth year after 2030
fifth year after 2035
Optional Interest Deferral:
Cumulative deferral for one or more deferral periods of up to 20 consecutive semi-annual interest payment periods
(as defined in the Preliminary Prospectus Supplement).
Optional Redemption Terms
Par Call:
In whole or in part on one or more occasions at a price
In whole or in part on one or more occasions at a price
equal to 100% of the principal amount being redeemed,
equal to 100% of the principal amount being redeemed,
plus accrued and unpaid interest to, but excluding, the
plus accrued and unpaid interest to, but excluding, the
redemption date (i) on any day in the period commencing redemption date (i) on any day in the period commencing
on the date falling 90 days prior to the First Series A
on the date falling 90 days prior to the First Series B
Reset Date and ending on and including the First Series A Reset Date and ending on and including the First Series B
Reset Date and (ii) after the First Series A Reset Date, on Reset Date and (ii) after the First Series B Reset Date, on
any interest payment date.
any interest payment date.
Tax Event Call:
In whole, but not in part, at 100% of the principal amount of the applicable series of the Notes, plus accrued and
unpaid interest to, but excluding, the redemption date, at any time within 120 days after the occurrence of a tax event
with respect to such series of the Notes.
Rating Agency Event Call:
In whole, but not in part, at 102% of the principal amount of the applicable series of the Notes, plus accrued and
unpaid interest to, but excluding, the redemption date, at any time within 120 days after the occurrence of a rating
agency event with respect to such series of the Notes.
CUSIP/ISIN:
15189T BH9 / US15189TBH95
15189T BJ5 / US15189TBJ51
Par Amount:
$1,000
Denominations:
$2,000 and integral multiples of $1,000 in excess thereof
Trade Date:
August 12, 2024
Expected Settlement Date**:
August 14, 2024 (T+2)
Joint Book-Running Managers:
Barclays Capital Inc.
Goldman Sachs & Co. LLC
J.P. Morgan Securities LLC
Mizuho Securities USA LLC
Morgan Stanley & Co. LLC
BNP Paribas Securities Corp.
RBC Capital Markets, LLC
Truist Securities, Inc.
U.S. Bancorp Investments, Inc.

The terms "Series A Interest Reset Period," "Series B Interest Reset Period," "Five-Year Treasury Rate," "Reset Interest Determination Date," "Series A
Reset Date," "Series B Reset Date," "Senior Indebtedness," "interest payment periods," "tax event" and "rating agency event" have the meanings given
in the Preliminary Prospectus Supplement. Other capitalized terms used and not defined herein have the meanings assigned in the Preliminary
Prospectus Supplement.
*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 expects that delivery of the Notes offered hereby will be made against payment therefor on or about August 14, 2024, which will be the
second business day following the date of pricing of the Notes (this settlement cycle being referred to as "T+2"). 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, unless the parties to such trade
expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes on the initial pricing date of the Notes will be required, by virtue of the
fact that the Notes initially will settle in T+2, to specify alternative settlement arrangements at the time of any such trade to prevent a failed settlement
and should consult their own advisors.
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 Capital Inc. toll-free at (888) 603-5847, Goldman Sachs & Co. LLC toll-free at (866) 471-2526, J.P. Morgan Securities LLC collect at (212)
834-4533, Mizuho Securities USA LLC toll-free at (866) 271-7403 or Morgan Stanley & Co. LLC toll-free at (866) 718-1649.