- Free Writing Prospectus - Filing under Securities Act Rules 163/433 (FWP)
March 09 2010 - 5:05PM
Edgar (US Regulatory)
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Filed Pursuant to Rule 433
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Issuer Free Writing Prospectus
dated March 9, 2010
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Relating to Preliminary
Prospectus Supplement dated March 9, 2010
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Registration Statement
No. 333-155243
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TransAlta Corporation
Pricing Term Sheet
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Issuer:
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TransAlta
Corporation
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Expected
Ratings:
*
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Baa2
(Stable)/BBB (Stable)
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Security
Type:
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SEC
registered senior unsecured notes
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Size:
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US$300,000,000
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Maturity:
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March 15,
2040
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Coupon:
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6.500%
per annum, payable semi-annually
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Price:
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98.648%
(US$295,944,000)
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Net
Proceeds:
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US$293,319,000
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Yield
to Maturity:
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6.604%
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Spread:
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+190
basis points
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Benchmark
Treasury:
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4.375%
due November 15, 2039
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Treasury
Yield/Price:
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4.704%/94-24+
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Trade
Date:
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March 9,
2010
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Settlement
Date:
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March 12,
2010
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Interest
Payment Dates:
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March 15
and September 15 of each year commencing September 15, 2010, to the
persons in whose names the Notes are registered at the close of business on
the preceding March 1 or September 1, respectively.
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Make-Whole
Call:
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T+30
basis points
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Selling
Concession and Re-allowance:
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Not
to exceed 0.50% and 0.30%, respectively.
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*
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.
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CUSIP
No.: ISIN No.:
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89346D
AE7
US89346DAE76
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Joint
Book-Running
Managers:
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Citigroup
Global Markets Inc.
HSBC
Securities (USA) Inc.
Wells
Fargo Securities, LLC
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Co-Managers:
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Banc
of America Securities LLC
CIBC
World Markets Corp.
Mitsubishi UFJ
Securities (USA), Inc.
RBC Capital
Markets Corporation
RBS Securities
Inc.
Scotia Capital
(USA) Inc.
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The issuer has filed a
registration statement (including a prospectus) with the United States
Securities and Exchange Commission (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 Citigroup Global Markets
Inc. toll free at 1-877-858-5407, HSBC Securities (USA) Inc. toll free at
1-866-811-8049 or Wells Fargo Securities, LLC toll free at 1-800-326-5897.
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