Obligation Edison International 5.375% ( US281020AS67 ) en USD

Edison International

91.29 % ▲

Etas-Unis

US281020AS67 ( en USD )

5.375% par an ( paiement semestriel )

Perpétuelle

Prospectus brochure de l'obligation Edison International US281020AS67 en USD 5.375%, échéance Perpétuelle

1 000 USD

1 250 000 000 USD

281020AS6

BB+ ( Spéculatif )

N/A

15/09/2024 ( Dans 121 jours )

L'Obligation émise par Edison International ( Etas-Unis ) , en USD, avec le code ISIN US281020AS67, paye un coupon de 5.375% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le Perpétuelle
L'Obligation émise par Edison International ( Etas-Unis ) , en USD, avec le code ISIN US281020AS67, a été notée BB+ ( Spéculatif ) par l'agence de notation Standard & Poor's ( S&P ).

FWP 1 d124362dfwp.htm FWP
Issuer Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-231121
$1,250,000,000
5.375% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series A
SUMMARY OF TERMS
Security:
5.375% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series A (the "Series A Preferred Stock")
Issuer:
Edison International ("EIX")
Size:
1,250,000 shares of Series A Preferred Stock
Aggregate Liquidation
$1,250,000,000
Preference:
Anticipated Ratings*:
Ba2 / BB+ / BB (Moody's / S&P / Fitch)
Trade Date:
March 2, 2021
Settlement Date**:
March 9, 2021 (T+5)
Maturity:
Perpetual (unless redeemed by EIX as described below under "Optional Redemption")
Public Offering Price:
$1,000 per share
Liquidation Preference:
$1,000 per share
Dividend Rate (Cumulative):
From and including the Settlement Date to, but excluding, March 15, 2026 (the "First Reset Date"), 5.375% per
annum. For each Reset Period (as defined in the preliminary prospectus supplement dated March 2, 2021 relating to
the Series A Preferred Stock (the "Preliminary Prospectus")) on and after the First Reset Date, a per annum rate equal
to the Five-year U.S. Treasury Rate (as defined in the Preliminary Prospectus) as of the most recent Reset Dividend
Determination Date (as defined in the Preliminary Prospectus), plus a spread of 4.698%.
Dividend Payment Dates:
March 15 and September 15 of each year, commencing on September 15, 2021.
Optional Redemption:
EIX may, at its option, redeem the Series A Preferred Stock:
·in whole or in part, from time to time, on any day during any Par Call Period at a redemption price in cash
equal to $1,000 per share; or
·in whole but not in part, at any time within 120 days after the conclusion of any review or appeal process
instituted by EIX following the occurrence of a Ratings Event (as defined in the Preliminary Prospectus),
or, if no review or appeal process is available or sought with respect to such Ratings Event, at any time
within 120 days after the occurrence of such Ratings Event, at a redemption price in cash equal to $1,020
per share,
plus, in each case, but subject to certain exceptions, all accumulated and unpaid dividends (whether or not declared)
to, but excluding, such redemption date.
Par Call Period:
With respect to the First Reset Date, the period from and including March 9, 2026 through and including the First
Reset Date.
With respect to any Reset Date after the First Reset Date, the period from and including the December 15
immediately preceding such Reset Date through and including such Reset Date.
Reset Date:
The First Reset Date and March 15 of every fifth year after 2026.
Listing:
None.
CUSIP/ISIN:
281020AS6/ US281020AS67

Joint Book-Running
Wells Fargo Securities, LLC ("Wells Fargo Securities")
Managers:
BofA Securities, Inc. ("BofA")
J.P. Morgan Securities LLC ("J.P. Morgan")
RBC Capital Markets, LLC ("RBC")
Barclays Capital Inc.
Citigroup Global Markets Inc.
Credit Suisse Securities (USA) LLC
Morgan Stanley & Co. LLC
Co-Managers:
AmeriVet Securities, Inc.
Blaylock Van, LLC
MFR Securities, Inc.
Penserra Securities LLC
Siebert Williams Shank & Co., LLC
*
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
two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Series A
Preferred Stock on the Trade Date and the next two business days will be required, by virtue of the fact that the Series A Preferred Stock
initially will not settle in T+2, 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 Wells Fargo Securities at 1-800-645-3751, BofA at 1-800-294-1322, J.P. Morgan at 1-212-834-4533 or RBC at
1-866-375-6829.
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