Entergy Mississippi LLC
03/04/2026 | Press release | Distributed by Public on 03/04/2026 15:52
Free Writing Prospectus (Form FWP)
Filed Pursuant to Rule 433
Registration No. 333-289302-02
ENTERGY MISSISSIPPI, LLC
$650,000,000
First Mortgage Bonds,
5.05% Series due April 15, 2036
Final Terms and Conditions
March 4, 2026
| Issuer: | Entergy Mississippi, LLC | |
| Security Type: | First Mortgage Bonds (SEC Registered) | |
| Expected Ratings(1): |
A2 (stable outlook) by Moody's Investors Service, Inc. A (stable outlook) by S&P Global Ratings |
|
| Trade Date: | March 4, 2026 | |
| Settlement Date (T+2)(2): | March 6, 2026 | |
| Principal Amount: | $650,000,000 | |
| Interest Rate: | 5.05% | |
| Interest Payment Dates: | April 15 and October 15 of each year | |
| First Interest Payment Date: | October 15, 2026 | |
| Final Maturity Date: | April 15, 2036 | |
| Optional Redemption Terms: | In whole or in part, make-whole call at any time prior to January 15, 2036 at a discount rate of Treasury plus 15 bps and, thereafter, at 100% of the principal amount of the bonds being redeemed plus accrued and unpaid interest thereon to the redemption date. | |
| Call for Tax Credit Event: | Upon a notice of redemption, in whole but not in part, at 101% of the principal amount of the bonds plus accrued and unpaid interest thereon to the redemption date (provided, that such notice may be issued no later than December 31, 2026, for a redemption no less than 10 days after such notice). | |
| Benchmark Treasury: | 4.125% due February 15, 2036 | |
| Benchmark Treasury Price: | 100-11+ | |
| Benchmark Treasury Yield: | 4.080% | |
| Spread to Benchmark Treasury: | +97 bps | |
| Re-offer Yield: | 5.050% | |
| Price to Public: | 99.992% of the principal amount | |
| Net Proceeds After Underwriting Discount and Before Expenses: | $645,723,000 | |
| CUSIP / ISIN: | 29366W AH9 / US29366WAH97 | |
| Joint Book-Running Managers: |
BNY Mellon Capital Markets, LLC BofA Securities, Inc. Mizuho Securities USA LLC SMBC Nikko Securities America, Inc. U.S. Bancorp Investments, Inc. |
|
| Co-Manager: | Independence Point Securities LLC | |
______________________
| (1) |
A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. Rating outlook is assigned at the issuer level and not to individual securities and may be subject to revision at any time. |
| (2) |
It is expected that delivery of the bonds will be made on or about March 6, 2026, which will be the second business day following the date hereof (such settlement being referred to as "T+2"). Under Rule 15c6-1 under the Securities Exchange Act of 1934, trades in the secondary market generally are required to settle in one business day (T+1), unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the bonds more than one business day prior to the scheduled settlement date will be required, by virtue of the fact that the bonds will initially settle in T+2, to specify an alternative settlement arrangement at the time of any such trade to prevent a failed settlement. Purchasers of the bonds who wish to trade the bonds more than one business day prior to the scheduled settlement date 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 website at www.sec.gov.
2
Alternatively, a copy of the prospectus for the offering can be obtained by calling (i) BNY Mellon Capital Markets, LLC toll-free at 1-800-269-6864, (ii) BofA Securities, Inc. toll-free at 1-800-294-1322, (iii) Mizuho Securities USA LLC toll-free at 1-866-271-7403, (iv) SMBC Nikko Securities America, Inc. toll free at 1-888-868-6856 or (v) U.S. Bancorp Investments, Inc. toll-free at 1-877-558-2607.
3
Entergy Mississippi LLC published this content on March 04, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on March 04, 2026 at 21:52 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]