Filed under Rule 433
File No. 333-195496
Final Term Sheet
February 8, 2017
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Issuer: |
CMS Energy Corporation |
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Security: |
3.45% Senior Notes due 2027 |
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Aggregate Principal Amount Offered: |
$350,000,000 |
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Maturity Date: |
August 15, 2027 |
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Coupon: |
3.45% |
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Yield to Maturity: |
3.467% |
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Spread to Benchmark Treasury: |
+110 basis points |
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Benchmark Treasury Security: |
2.00% due November 15, 2026 |
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Benchmark Treasury Price and Yield: |
96-26; 2.367% |
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Interest Payment Dates: |
February 15 and August 15 |
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First Interest Payment Date: |
August 15, 2017 |
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Public Offering Price: |
99.851% |
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Optional Redemption: |
Make-whole call at any time prior to May 15, 2027 at the Treasury rate plus 20 basis points and, thereafter, at par |
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Trade Date: |
February 8, 2017 |
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Settlement Date: |
February 13, 2017 (T+3) |
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Expected Ratings: |
Baa2 / BBB / BBB (Moody’s / S&P / Fitch) |
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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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Joint Book-Running Managers: |
BNP Paribas Securities Corp. |
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J.P. Morgan Securities LLC |
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Mizuho Securities USA Inc. |
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MUFG Securities Americas Inc. |
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RBC Capital Markets, LLC |
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CUSIP/ISIN: |
125896 BS8 / US125896BS82 |
CMS Energy Corporation has filed a registration statement (including a prospectus, as supplemented) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus (as supplemented) in that registration statement and other documents CMS Energy Corporation has filed with the SEC for more complete information about CMS Energy Corporation and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, CMS Energy Corporation, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling BNP Paribas Securities Corp. toll-free at (800) 854-5674, J.P. Morgan Securities LLC collect at (212) 834-4533, Mizuho Securities USA Inc. toll-free at (866) 271-7403, MUFG Securities Americas Inc. toll-free at (877) 649-6848 and RBC Capital Markets, LLC toll-free at (866) 375-6829.