FWP 1 d767752dfwp.htm FWP FWP

Filed Pursuant to Rule 433

Registration No. 333-230656

Free Writing Prospectus dated August 8, 2019

DTE ENERGY COMPANY

PRICING TERM SHEET

 

Issuer:    DTE Energy Company
Security:    2.529% 2016 Series C Senior Notes due 2024
Legal Format:    SEC Registered
Principal Amount:    $675,000,000
Maturity Date:    October 1, 2024
Trade Date:    August 8, 2019
Settlement Date:    August 13, 2019 (T+3)
Coupon:    2.529%, effective on and after the Settlement Date
Interest Payment Dates:    April 1 and October 1, commencing October 1, 2019
First Interest Payment Date:    October 1, 2019, which payment will include interest accrued at an annual rate of 1.50% from and including July 1, 2019 to but excluding the Settlement Date and at an annual rate of 2.529% from and including the Settlement Date to but excluding October 1, 2019
Benchmark Treasury:    1.75% due July 31, 2024
Benchmark Treasury Price / Yield:    101-01 34 / 1.536%
Spread to Benchmark Treasury:    100 bps
Reoffer Yield:    2.536%
Price to Public:    99.967%, plus accrued interest at an annual rate of 1.50% from and including July 1, 2019 to but excluding the Settlement Date
CUSIP/ISIN:    233331 AW7/US233331AW74
Anticipated Ratings
(Moody’s/S&P/Fitch):*
   Baa1 (Stable)/BBB (Stable)/BBB+ (Stable)
Remarketing Agents:   

Wells Fargo Securities, LLC

 

BMO Capital Markets Corp.

 

Morgan Stanley & Co. LLC

 

TD Securities (USA) 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.

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 included in that registration statement and other documents the issuer has filed with the SEC, including the preliminary prospectus supplement dated August 8, 2019, 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 remarketing agent or any dealer participating in the offering will arrange to send you the prospectus and preliminary prospectus supplement if you request them by calling Wells Fargo Securities, LLC at 1-800-645-3751, BMO Capital Markets Corp. at 1-866-864-7760, Morgan Stanley & Co. LLC at 1-866-718-1649 and TD Securities (USA) LLC at 1-855-495-9846.