Obbligazione Duchess Energy 3.4% ( US26441CBE49 ) in USD

Duchess Energy

100 USD ▲

Stati Uniti

US26441CBE49 ( in USD )

3.4% per anno ( pagato 2 volte l'anno)

14/06/2029

Prospetto opuscolo dell'obbligazione Duke Energy US26441CBE49 en USD 3.4%, scadenza 14/06/2029

1 000 USD

600 000 000 USD

26441CBE4

BBB ( Lower medium grade - Investment-grade )

Baa2 ( Lower medium grade - Investment-grade )

15/06/2026 ( In 125 giorni )

Duke Energy è una delle maggiori compagnie di servizi energetici degli Stati Uniti, operante nella produzione e distribuzione di energia elettrica e gas naturale.

The Obbligazione issued by Duchess Energy ( United States ) , in USD, with the ISIN code US26441CBE49, pays a coupon of 3.4% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 14/06/2029

The Obbligazione issued by Duchess Energy ( United States ) , in USD, with the ISIN code US26441CBE49, was rated Baa2 ( Lower medium grade - Investment-grade ) by Moody's credit rating agency.

The Obbligazione issued by Duchess Energy ( United States ) , in USD, with the ISIN code US26441CBE49, was rated BBB ( Lower medium grade - Investment-grade ) by Standard & Poor's ( S&P ) credit rating agency.

https://www.sec.gov/Archives/edgar/data/1326160/00010474691900349...
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TABLE OF CONTENTS
Table of Contents Prospectus
Filed pursuant to Rule 424(b)(5)
Registration No. 333-213765
CALCULATION OF REGISTRATION FEE
Proposed maximum
Proposed maximum
Title of each class of securities
Amount to be
offering price per
aggregate offering
Amount of
to be registered
registered
unit
price
registration fee(1)
3.40% Senior Notes due
2029
$600,000,000
99.848%
$599,088,000
$72,609.47
4.20% Senior Notes due
2049
$600,000,000
99.542%
$597,252,000
$72,386.94
Total Senior Notes
$1,200,000,000
$1,196,340,000
$144,996.41
(1)
The filing fee, calculated in accordance with Rule 457(r) under the Securities Act of 1933, as amended, has been transmitted to
the Securities and Exchange Commission in connection with the securities offered by means of this prospectus supplement.
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PROSPECTUS SUPPLEMENT
(To Prospectus dated March 25, 2019)
$1,200,000,000
$600,000,000 3.40% Senior Notes due 2029
$600,000,000 4.20% Senior Notes due 2049
Duke Energy Corporation is offering $1,200,000,000 aggregate principal amount of Senior Notes in two series. We are offering
$600,000,000 aggregate principal amount of 3.40% Senior Notes due 2029 (the "2029 Notes") and $600,000,000 aggregate principal
amount of 4.20% Senior Notes due 2049 (the "2049 Notes," and together with the 2029 Notes, the "Notes"). The per annum interest
rate on the 2029 Notes will be 3.40% and the per annum interest rate on the 2049 Notes will be 4.20%.
We will pay interest on the Notes semi-annually in arrears on June 15 and December 15 of each year, beginning on December 15,
2019. The 2029 Notes will mature as to principal on June 15, 2029 and the 2049 Notes will mature as to principal on June 15, 2049
We may redeem the Notes of any series at our option at any time, in whole or in part and from time to time, as described in this
prospectus supplement under the caption "Description of the Notes--Optional Redemption." The Notes will not have the benefit of
any sinking fund. The Notes will be our direct, unsecured and unsubordinated obligations, ranking equally in priority with all of our
existing and future unsecured and unsubordinated indebtedness and senior in right of payment to all of our existing and future
subordinated debt.
The Notes will not be listed on any securities exchange or included in any automated quotation system. Currently, there is no
public market for the Notes. Please read the information provided under the caption "Description of the Notes" in this prospectus
supplement and "Description of Debt Securities" in the accompanying prospectus for a more detailed description of the Notes.
Investing in the Notes involves risks. See "Risk Factors" beginning on page S-7 of this prospectus
supplement.
Proceeds to Duke
Price to
Underwriting
Energy Corporation
Public(1)
Discount(2)
Before Expenses
Per 2029 Note
99.848%
0.650%
99.198%
Total 2029 Notes
$ 599,088,000 $ 3,900,000 $
595,188,000
Per 2049 Note
99.542%
0.875%
98.667%
Total 2049 Notes
$ 597,252,000 $ 5,250,000 $
592,002,000
(1)
Plus accrued interest from June 7, 2019, if settlement occurs after that date.
(2)
The underwriters have agreed to make a payment to us in an amount equal to $1,950,000, including in respect of expenses
incurred by us in connection with these offerings. See "Underwriting (Conflicts of Interest)."
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these
securities or passed upon the adequacy or accuracy of this prospectus supplement or the accompanying prospectus. Any representation
to the contrary is a criminal offense.
We expect the Notes to be ready for delivery only in book-entry form through the facilities of The Depository Trust Company for
the accounts of its participants, including Clearstream Banking, S.A. and Euroclear Bank S.A./N.V., on or about June 7, 2019.
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Joint Book-Running Managers
MUFG
Mizuho
PNC Capital
Scotiabank
TD Securities
Securities
Markets LLC
Co-Managers
Loop Capital Markets
KeyBanc Capital Markets
Regions Securities LLC
Junior Co-Managers
CastleOak Securities, L.P.
Great Pacific Securities
Siebert Cisneros Shank & Co., L.L.C.
The date of this prospectus supplement is June 4, 2019.
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You should rely only on the information contained in or incorporated by reference in this prospectus supplement, the
accompanying prospectus and any free writing prospectus authorized by us. We have not, and the underwriters have not,
authorized anyone to provide you with information that is different. If anyone provides you with different or inconsistent
information, you should not rely on it. We are not, and the underwriters are not, making an offer to sell these securities in any
jurisdiction where the offer is not permitted. You should not assume that the information contained in or incorporated by
reference in this prospectus supplement, the accompanying prospectus or any free writing prospectus authorized by us is
accurate as of any date other than the date of the document containing the information or such other date as may be specified
therein. Our business, financial condition, liquidity, results of operations and prospects may have changed since those
respective dates.
TABLE OF CONTENTS
Prospectus Supplement
Page
About This Prospectus Supplement
S-1
Prospectus Supplement Summary
S-3
Risk Factors
S-7
Cautionary Statement Regarding Forward-Looking Information
S-8
Use of Proceeds
S-11
Description of the Notes
S-12
Certain U.S. Federal Income Tax Considerations for Non-U.S.Holders
S-15
Book-Entry System
S-18
Underwriting (Conflicts of Interest)
S-22
Legal Matters
S-27
Where You Can Find More Information
S-27
Prospectus
Page
References to Additional Information
i
About This Prospectus
i
Forward-looking Statements
ii
The Company
1
Risk Factors
1
Use of Proceeds
2
Description of Common Stock
2
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Description of Preferred Stock
2
Description of Depositary Shares
3
Description of Debt Securities
4
Plan of Distribution
11
Experts
12
Validity of the Securities
12
Where You Can Find More Information
12
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ABOUT THIS PROSPECTUS SUPPLEMENT
This document is in two parts. The first part is this prospectus supplement, which describes the specific terms of these offerings.
The second part, the accompanying prospectus, gives more general information, some of which does not apply to these offerings.
If the description of the offerings varies between this prospectus supplement and the accompanying prospectus, you should rely
on the information contained in or incorporated by reference in this prospectus supplement.
It is important for you to read and consider all information contained in or incorporated by reference in this prospectus
supplement and the accompanying prospectus in making your investment decision. You should also read and consider the information
contained in the documents to which we have referred you in "Where You Can Find More Information" in this prospectus supplement
and the accompanying prospectus.
Unless we have indicated otherwise, or the context otherwise requires, references in this prospectus supplement and the
accompanying prospectus to "Duke Energy," "we," "us" and "our" or similar terms are to Duke Energy Corporation and its
subsidiaries.
Notice to Prospective Investors in the European Economic Area
None of this prospectus supplement, the accompanying prospectus or any related free writing prospectus is a prospectus for the
purposes of the Prospectus Directive (as defined below). This prospectus supplement, the accompanying prospectus and any related
free writing prospectus have been prepared on the basis that any offer of the Notes in any Member State of the European Economic
Area (the "EEA") which has implemented the Prospectus Directive (each, a "Relevant Member State") will only be made to a legal
entity which is a qualified investor under the Prospectus Directive ("Qualified Investors"). Accordingly, any person making or
intending to make an offer in that Relevant Member State of Notes which are the subject of one of the offerings contemplated in this
prospectus supplement, the accompanying prospectus and any related free writing prospectus may only do so with respect to Qualified
Investors. Neither Duke Energy Corporation nor the underwriters have authorized, nor do they authorize, the making of any offer of
Notes other than to Qualified Investors. The expression "Prospectus Directive" means Directive 2003/71/EC (as amended or
superseded), and includes any relevant implementing measure in the Relevant Member State.
Prohibition of Sales to EEA Retail Investors--The Notes are not intended to be offered, sold or otherwise made available to
and should not be offered, sold or otherwise made available to any retail investor in the EEA. For these purposes, a retail investor
means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU, as amended
("MiFID II"); or (ii) a customer within the meaning of Directive (EU) 2016/97, as amended or superseded (the "Insurance Distribution
Directive"), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or
(iii) not a qualified investor as defined in the Prospectus Directive. Consequently no key information document required by Regulation
(EU) No 1286/2014, as amended (the "PRIIPs Regulation") for offering or selling the Notes or otherwise making them available to
retail investors in the EEA has been prepared and therefore offering or selling the Notes or otherwise making them available to any
retail investor in the EEA may be unlawful under the PRIIPs Regulation.
Notice to Prospective Investors in the United Kingdom
The communication of this prospectus supplement, the accompanying prospectus, any related free writing prospectus, and any
other document or materials relating to the issue of the Notes offered hereby is not being made, and such documents and/or materials
have not been approved, by an
S-1
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authorized person for the purposes of section 21 of the United Kingdom's Financial Services and Markets Act 2000, as amended (the
"FSMA"). Accordingly, such documents and/or materials are not being distributed to, and must not be passed on to, the general public
in the United Kingdom. The communication of such documents and/or materials as a financial promotion is only being made to those
persons in the United Kingdom who have professional experience in matters relating to investments and who fall within the definition
of investment professionals (as defined in Article 19(5) of the FSMA (Financial Promotion) Order 2005, as amended (the "Financial
Promotion Order")), or who fall within Article 49(2)(a) to (d) of the Financial Promotion Order, or who are any other persons to whom
it may otherwise lawfully be made under the Financial Promotion Order (all such persons together being referred to as "relevant
persons"). In the United Kingdom, the Notes offered hereby are only available to, and any investment or investment activity to which
this prospectus supplement, the accompanying prospectus and any related free writing prospectus relates will be engaged in only with,
relevant persons. Any person in the United Kingdom that is not a relevant person should not act or rely on this prospectus supplement,
the accompanying prospectus or any related free writing prospectus or any of their contents.
S-2
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PROSPECTUS SUPPLEMENT SUMMARY
The following summary is qualified in its entirety by, and should be read together with, the more detailed information that
is included elsewhere in this prospectus supplement and the accompanying prospectus, as well as the information that is
incorporated or deemed to be incorporated by reference in this prospectus supplement and the accompanying prospectus. See
"Where You Can Find More Information" in this prospectus supplement for information about how you can obtain the
information that is incorporated or deemed to be incorporated by reference in this prospectus supplement and the
accompanying prospectus. Investing in the Notes involves risks. See "Risk Factors" in this prospectus supplement.
Duke Energy Corporation
Duke Energy, together with its subsidiaries, is a diversified energy company with both regulated and unregulated utility
operations. We conduct business through the following operating business segments: Electric Utilities and Infrastructure, Gas
Utilities and Infrastructure, and Commercial Renewables.
Duke Energy's Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public
utilities of Duke Energy Carolinas, LLC, Duke Energy Progress, LLC, Duke Energy Florida, LLC, Duke Energy Indiana, LLC
and Duke Energy Ohio, Inc. Duke Energy's Electric Utilities and Infrastructure segment provides retail electric service through
the generation, transmission, distribution and sale of electricity to approximately 7.7 million customers within the Southeast and
Midwest regions of the U.S. The service territory is approximately 95,000 square miles across six states with a total estimated
population of 24 million people. The operations include electricity sold wholesale to municipalities, electric cooperative utilities
and other load-serving entities. Duke Energy's Electric Utilities and Infrastructure segment is also a joint owner of certain
electric transmission projects.
Duke Energy's Gas Utilities and Infrastructure segment conducts natural gas operations primarily through the regulated
public utilities of Piedmont Natural Gas Company, Inc. and Duke Energy Ohio, Inc. Duke Energy's Gas Utilities and
Infrastructure segment serves residential, commercial, industrial and power generation natural gas customers, including
customers served by municipalities who are wholesale customers. Duke Energy's Gas Utilities and Infrastructure segment has
over 1.6 million customers, including more than 1.1 million customers located in North Carolina, South Carolina and Tennessee,
and an additional 531,000 customers located within southwestern Ohio and northern Kentucky.
Duke Energy's Commercial Renewables segment primarily acquires, develops, builds, operates and owns wind and solar
renewable generation throughout the continental U.S. The portfolio includes nonregulated renewable energy and energy storage
businesses. This segment's renewable energy includes utility-scale wind and solar generation assets, distributed solar generation
assets and a battery storage project, which total 2,991 megawatts across 19 states from 21 wind facilities, 100 solar facilities and
one battery storage facility. Revenues are primarily generated by selling the power produced from renewable generation through
long-term contracts to utilities, electric cooperatives, municipalities and commercial and industrial customers. In most instances,
these customers have obligations under state-mandated renewable energy portfolio standards or similar state or local renewable
energy goals.
Duke Energy is a Delaware corporation. The address of Duke Energy's principal executive offices is 550 South Tryon
Street, Charlotte, North Carolina 28202-1803 and its telephone number is (704) 382-3853. Duke Energy's common stock is
listed and trades on the New York Stock Exchange under the symbol "DUK."
The foregoing information about Duke Energy is only a general summary and is not intended to be comprehensive. For
additional information about Duke Energy, you should refer to the information described under the caption "Where You Can
Find More Information" in this prospectus supplement.
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The Offerings
Issuer
Duke Energy Corporation
Securities Offered
We are offering $600 million aggregate principal amount
of 2029 Notes and $600 million aggregate principal
amount of 2049 Notes.
Maturity Dates
The 2029 Notes will mature on June 15, 2029.
The 2049 Notes will mature on June 15, 2049.
Interest Rates
The per annum interest rate on the 2029 Notes will be
3.40%.
The per annum interest rate on the 2049 Notes will be
4.20%.
Interest Payment Dates
Interest on the Notes of each series will be payable semi-
annually in arrears on June 15 and December 15 of each
year, beginning on December 15, 2019.
Ranking
The Notes will be two new series of our direct, unsecured
and unsubordinated obligations, ranking equally in
priority with all of our existing and future unsecured and
unsubordinated indebtedness and senior in right of
payment to all of our existing and future subordinated
debt. At March 31, 2019, we had approximately
$16.8 billion of outstanding indebtedness, consisting of
approximately $15.8 billion of unsecured and
unsubordinated indebtedness and $1.0 billion of
unsecured junior subordinated indebtedness. Our
Indenture (as defined herein) contains no restrictions on
the amount of additional indebtedness that we may issue
under it.
The Notes will be structurally subordinated to all
liabilities and any preferred stock of our subsidiaries. At
March 31, 2019, our subsidiaries had approximately
$40.4 billion of indebtedness, payment upon
approximately $650 million of which is guaranteed by
Duke Energy Corporation. All of such guarantees were
granted to the holders of certain unsecured debt of our
subsidiary Duke Energy Carolinas, LLC, in connection
with changes in our corporate structure relating to the
closing of our merger with Cinergy Corp. in 2006.
S-4
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