Filed pursuant to Rule 433
Relating to Preliminary Prospectus Supplement dated March 20, 2018
to Prospectus dated September 11, 2017
Registration No. 333-219085
VIRGINIA ELECTRIC AND POWER COMPANY
FINAL TERM SHEET
| 2018 Series A 3.80% Senior Notes | ||
| Principal Amount: | $700,000,000 | |
| Expected Rating (Moody’s/S&P/Fitch)*: | A2 (stable outlook) / BBB+ (negative outlook) / A (stable outlook) | |
| Trade Date: | March 20, 2018 | |
| Settlement Date: | March 22, 2018 (T+2) | |
| Final Maturity Date: | April 1, 2028 | |
| Interest Payment Dates: | April 1 and October 1 | |
| First Interest Payment Date: | October 1, 2018 | |
| Make-Whole Call: | T+15 bps prior to January 1, 2028 | |
| Par Call: | On or after January 1, 2028 | |
| Treasury Benchmark: | 2.75% due February 15, 2028 | |
| Benchmark Yield: | 2.878% | |
| Spread to Benchmark: | +95 bps | |
| Reoffer Yield: | 3.828% | |
| Coupon: | 3.80% | |
| Price to Public: | 99.768% | |
| Proceeds to Company Before Expenses: | 99.118% | |
| CUSIP/ISIN: | 927804 FZ2 / US927804FZ22 | |
| Joint Book-Running Managers: | BNP Paribas Securities Corp.; Credit Suisse Securities (USA) LLC; and U.S. Bancorp Investments, Inc. | |
| Co-Managers: | BB&T Capital Markets, a division of BB&T Securities, LLC; and C.L. King & Associates, Inc. | |
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 20, 2018, 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:
| BNP Paribas Securities Corp. | 1-800-854-5674 (toll free) | |
| Credit Suisse Securities (USA) LLC | 1-800-221-1037 (toll free) | |
| U.S. Bancorp Investments, Inc. | 1-877-558-2607 (toll free) |
| * | 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. |