Filed pursuant to Rule 433
Relating to Preliminary Prospectus Supplement dated March 11, 2019
to Prospectus dated June 30, 2017
Registration No. 333-219088
DOMINION ENERGY, INC.
FINAL TERM SHEET
March 11, 2019
| 2019 Series A 4.60% |
2018 Series B 4.25% | |||
| Issuer: | Dominion Energy, Inc. | Dominion Energy, Inc. | ||
| Principal Amount: | $400,000,000 | $200,000,000 (Reopening of notes issued on June 5, 2018) | ||
| Expected Ratings (Moody’s/S&P/Fitch)*: | Baa2 (stable outlook) BBB (stable outlook) BBB+ (stable outlook) |
Baa2 (stable outlook) BBB (stable outlook) BBB+ (stable outlook) | ||
| Trade Date: | March 11, 2019 | March 11, 2019 | ||
| Settlement Date (T+2): | March 13, 2019 | March 13, 2019 | ||
| Final Maturity Date: | March 15, 2049 | June 1, 2028 | ||
| Interest Payment Dates: | March 15 and September 15 | June 1 and December 1 | ||
| First Interest Payment Date: | September 15, 2019 | June 1, 2019 | ||
| Optional Redemption: | Make Whole Call at T+ 25 bps prior to September 15, 2048; Par Call on or after September 15, 2048 | Make Whole Call at T+25 bps prior to March 1, 2028; Par Call on or after March 1, 2028 | ||
| Treasury Benchmark: | 3.375% due November 15, 2048 | 2.625% due February 15, 2029 | ||
| Benchmark Yield: | 3.022% | 2.641% | ||
| Spread to Benchmark: | +158 bps | +123 bps | ||
| Reoffer Yield: | 4.602% | 3.871% | ||
| Coupon: | 4.60% | 4.25% | ||
| Price to Public: | 99.967% | 102.847%, plus accrued interest from, and including, December 1, 2018 to, but excluding, March 13, 2019. The total amount of accrued interest on March 13, 2019 will be $2,408,333.33. | ||
| Proceeds to the Company Before Expenses: | 99.092% | 102.197%, plus accrued interest from, and including, December 1, 2018 to, but excluding, March 13, 2019. | ||
| CUSIP/ISIN: | 25746UCZ0/US25746UCZ03 | 25746UCY3/US25746UCY38 | ||
| Joint Book-Running Managers: | Scotia Capital (USA) Inc. SMBC Nikko Securities America, Inc. TD Securities (USA) LLC |
Scotia Capital (USA) Inc. SMBC Nikko Securities America, Inc. TD Securities (USA) LLC | ||
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, including the preliminary prospectus supplement dated March 11, 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 underwriter or any dealer participating in the offering will arrange to send you the prospectus and preliminary prospectus supplement if you request them by calling:
| Scotia Capital (USA) Inc. | 1-800-372-3930 (toll free) | |
| SMBC Nikko Securities America, Inc. | 1-888-868-6856 (toll free) | |
| TD Securities (USA) LLC | 1-855-495-9846 (toll free) |
| * | A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. |