Filed Pursuant to Rule 433
Registration No. 333-137182
November 28, 2007
Final Term Sheet
EnCana Corporation
5.90% Notes due 2017
6.50% Notes due 2038
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Issuer: |
EnCana Corporation |
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5.90% Notes due 2017 |
6.50% Notes due 2038 |
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Principal Amount: |
$700,000,000 |
$800,000,000 |
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Maturity Date: |
December 1, 2017 |
February 1, 2038 |
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Interest Payment Dates: |
June 1 and December 1, beginning June 1, 2008 |
February 1 and August 1, beginning August 1, 2008 |
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Pricing Benchmark: |
UST 4.25% due November 15, 2017 |
UST 4.75% due February 15, 2037 |
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Benchmark Yield: |
4.023% |
4.416% |
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Spread: |
+190 bps |
+210 bps |
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Yield to Maturity: |
5.923% |
6.516% |
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Coupon: |
5.90% |
6.50% |
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Public Offering Price: |
99.829% |
99.769% |
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Optional Redemption: |
Make whole call UST +30 bps |
Make whole call UST +35 bps |
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CUSIP: |
292505AF1 |
292505AG9 |
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ISIN: |
US292505AF14 |
US292505AG96 |
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Trade Date: |
November 28, 2007 |
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Settlement Date (T+4): |
December 4, 2007. It is expected that delivery of the notes will be made against payment therefor on or about December 4, 2007, which will be the fourth business day following the date of pricing of the notes. Under Rule 15c6-1 under the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in three business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade notes on the date of pricing will be required, by virtue of the fact that the notes initially will settle T+4, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of notes who wish to trade notes on the date of pricing should consult their own advisor. |
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Anticipated Ratings: |
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Joint Book-Running Managers: |
Citigroup Global Markets Inc. |
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Lead Manager: |
CIBC World Markets Corp. |
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Co-Managers: |
ABN AMRO Incorporated Banc of America Securities LLC BNP Paribas Securities Corp. Deutsche Bank Securities Inc. HSBC Securities (USA) Inc. Lazard Capital Markets LLC Barclays Capital Inc. Credit Suisse Securities (USA) LLC Goldman, Sachs & Co. J.P. Morgan Securities Inc. Lehman Brothers Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated Morgan Stanley & Co. Incorporated RBC Capital Markets Corporation Scotia Capital (USA) Inc. Wachovia Capital Markets, 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.
This communication is intended for the sole use of the person to whom it is provided by us.
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 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 if you request it by calling Citigroup Global Markets Inc. at toll-free at (877) 858-5407 or UBS Securities LLC collect at (212) 821-3884.
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