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Issuer:
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Entergy Arkansas, Inc.
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Security Type:
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First Mortgage Bonds (SEC Registered)
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Expected Ratings(1):
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A3 (stable outlook) by Moody’s Investors Service
A- (stable outlook) by Standard & Poor’s Ratings Services
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Trade Date:
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March 10, 2014
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Settlement Date (T+4):
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March 14, 2014
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Principal Amount:
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$375,000,000
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Coupon:
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3.70%
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Interest Payment Dates:
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June 1 and December 1 of each year
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First Interest Payment Date:
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June 1, 2014
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Maturity Date:
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June 1, 2024
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Optional Redemption Terms:
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Make-whole call at any time prior to March 1, 2024 at a discount rate of Treasury plus 15 bps and, thereafter, at par
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Benchmark Treasury:
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2.75% due February 15, 2024
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Spread to Benchmark Treasury:
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+93 bps
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Treasury Price / Yield:
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99-24 / 2.779%
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Yield to Maturity:
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3.709%
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Price to Public:
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99.928%
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Net Proceeds Before Expenses:
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$372,292,500
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Joint Book-Running Managers:
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Mitsubishi UFJ Securities (USA), Inc.
Wells Fargo Securities, LLC
BNY Mellon Capital Markets, LLC
CIBC World Markets Corp.
Stephens Inc.
SunTrust Robinson Humphrey, Inc.
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Co-Managers:
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U.S. Bancorp Investments, Inc.
The Williams Capital Group, L.P.
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CUSIP / ISIN:
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29364D AS9/ US29364DAS99
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1 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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