Obligation Enbridge Energy 6.7% ( US29250NBZ78 ) en USD

Enbridge Energy

100 % ▲

Canada

US29250NBZ78 ( en USD )

6.7% par an ( paiement semestriel )

15/11/2053

Prospectus brochure de l'obligation Enbridge US29250NBZ78 en USD 6.7%, échéance 15/11/2053

15/05/2026 ( Dans 60 jours )

Enbridge est une société énergétique nord-américaine spécialisée dans le transport et le stockage de pétrole brut et de gaz naturel, ainsi que dans la production d'énergie renouvelable.

L'Obligation émise par Enbridge Energy ( Canada ) , en USD, avec le code ISIN US29250NBZ78, paye un coupon de 6.7% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 15/11/2053

FREE WRITING PROSPECTUS
Filed Pursuant to Rule 433
Registration No. 333-266405
November 6, 2023
This document does not provide full disclosure of all material facts relating to the securities offered. Investors should read the registration statement, any
amendment and any applicable prospectus supplement for disclosure of those facts, especially risk factors relating to the securities offered, before making
an investment decision.

ENBRIDGE INC.
5.900% Senior Notes due 2026
6.000% Senior Notes due 2028
6.200% Senior Notes due 2030
6.700% Senior Notes due 2053

Issuer:
Enbridge Inc.

Guarantors:
Spectra Energy Partners, LP
Enbridge Energy Partners, L.P.

Issue of Securities:
5.900% Senior Notes due 2026
6.000% Senior Notes due 2028 6.200% Senior Notes due 2030 6.700% Senior Notes due 2053
Principal Amount:
US$750,000,000
US$750,000,000
US$750,000,000
US$1,250,000,000
Coupon:
5.900%
6.000%
6.200%
6.700%
Interest Payment
Semi-annually on May 15 and
Semi-annually on May 15 and Semi-annually on May 15 and Semi-annually on May 15 and
Dates:
November 15, commencing on
November 15, commencing on November 15, commencing on November 15, commencing on
May 15, 2024.
May 15, 2024.
May 15, 2024.
May 15, 2024.
Maturity Date:
November 15, 2026
November 15, 2028
November 15, 2030
November 15, 2053
Treasury Benchmark: 4.625% due October 15, 2026
4.875% due October 31, 2028 4.875% due October 31, 2030 3.625% due May 15, 2053
U.S. Treasury Yield: 4.738%
4.605%
4.660%
4.840%
Spread to Treasury:
+1.170%
+1.420%
+1.570%
+1.870%
Re-offer Yield:
5.908%
6.025%
6.230%
6.710%
Initial Price to Public: 99.977%
99.892%
99.830%
99.870%
Minimum
Denominations:
US$2,000 x $1,000
US$2,000 x $1,000
US$2,000 x $1,000
US$2,000 x $1,000
On any date more than one
On any date more than one
On any date more than two
On any date more than six
month prior to the maturity date month prior to the maturity
months prior to the maturity
months prior to the maturity
for an amount equal to the
date for an amount equal to the date for an amount equal to the date for an amount equal to the
principal amount of the notes
principal amount of the notes
principal amount of the notes
principal amount of the notes
redeemed plus a make-whole
redeemed plus a make-whole
redeemed plus a make-whole
redeemed plus a make-whole
premium and accrued but unpaid premium and accrued but
premium and accrued but
premium and accrued but
interest to the redemption date.
unpaid interest to the
unpaid interest to the
unpaid interest to the

redemption date.
redemption date.
redemption date.
Optional

Redemption:
On any date that is on or after
On any date that is on or after On any date that is on or after On any date that is on or after
October 15, 2026, the date that is October 15, 2028, the date that September 15, 2030, the date
May 15, 2053, the date that is
one month prior to the maturity is one month prior to the
that is two months prior to the six months prior to the
date, for an amount equal to the maturity date, for an amount
maturity date, for an amount
maturity date, for an amount
principal amount of the notes
equal to the principal amount
equal to the principal amount
equal to the principal amount
redeemed plus accrued but
of the notes redeemed plus
of the notes redeemed plus
of the notes redeemed plus
unpaid interest to the redemption accrued but unpaid interest to
accrued but unpaid interest to accrued but unpaid interest to
date.
the redemption date.
the redemption date.
the redemption date.

Make-Whole
Premium:
U.S. Treasury +20 bps
U.S. Treasury +25 bps
U.S. Treasury +25 bps
U.S. Treasury +30 bps
CUSIP / ISIN:
29250N BW4 /
29250N BX2 /
29250N BY0 /
29250N BZ7 /
US29250NBW48
US29250NBX21
US29250NBY04
US29250NBZ78
Trade/Pricing Date:
November 6, 2023
Settlement Date*:
November 9, 2023 (T+3)
Joint Book-Running Morgan Stanley & Co. LLC
Managers:
RBC Capital Markets, LLC
Mizuho Securities USA LLC
MUFG Securities Americas Inc.
SMBC Nikko Securities America, Inc.
Wells Fargo Securities, LLC
Co-Managers:
BofA Securities, Inc.
Barclays Capital Inc.
Citigroup Global Markets Inc.
Deutsche Bank Securities Inc.
J.P. Morgan Securities LLC
Credit Agricole Securities (USA) Inc.
HSBC Securities (USA) Inc.
SG Americas Securities, LLC
Truist Securities, Inc.
Academy Securities, Inc.
Loop Capital Markets LLC
Samuel A. Ramirez & Company, Inc.
*The issuer expects that delivery of the Notes will be made against payment therefor on or about November 9, 2023, which will be the third business day
following the date of pricing of the Notes (this settlement cycle being herein referred to as "T+3"). Under Rule 15c6-1 under the U.S. 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 Notes more than two business days prior to the scheduled settlement date will be required,
by virtue of the fact that the Notes initially will settle in T+3, to specify an alternative settlement cycle at the time of any such trade to prevent a failed
settlement. Purchasers of the Notes who wish to make such trades should consult their own advisor.
Capitalized terms used and not defined herein have the meanings assigned in the issuer's Preliminary Prospectus Supplement, dated November 6, 2023.
The issuer and guarantors have 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 website at
www.sec.gov.

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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 Morgan Stanley & Co. LLC collect at 1-866-718-1649, RBC Capital Markets, LLC toll-free at 1-866-375-6829, Mizuho Securities USA
LLC toll-free at (866) 271-7403, MUFG Securities Americas Inc. toll-free at (877) 649-6848 or SMBC Nikko Securities America, Inc. toll-free at 1-
888-868-6856.
Not for retail investors in the European Economic Area ("EEA") or the United Kingdom. No key information document (KID) as required by Regulation
(EU) No 1286/2014 (as amended, the "PRIIPs Regulation") or as required by the PRIIPs Regulation as it forms part of domestic UK law by virtue of the
European Union (Withdrawal) Act 2018, as amended, has been prepared as not available to retail investors in the EEA or the United Kingdom,
respectively.
Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or notice was
automatically generated as a result of this communication being sent by Bloomberg or another email system.

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