Pricing Term Sheet
Filed Pursuant to Rule 433(d)
Registration No. 333-225349
June 4, 2018
| Issuer: | WEC Energy Group, Inc. |
| Security: | 3.375% Senior Notes due June 15, 2021 |
| Principal Amount: | $600,000,000 |
| Maturity: | June 15, 2021 |
| Coupon: | 3.375% |
| Initial Price to Public: | 99.959% per Senior Note |
| Yield to Maturity: | 3.389% |
| Spread to Benchmark Treasury: | +75 basis points |
| Benchmark Treasury: | UST 2.625% due May 15, 2021 |
| Benchmark Treasury Yield: | 2.639% |
| Interest Payment Dates: | June 15 and December 15, commencing December 15, 2018 |
| Optional Redemption: | The Senior Notes are redeemable, at the option of the Issuer, in whole at any time or in part from time to time, at a “make-whole” redemption price equal to the greater of (1) 100% of the principal amount of the Senior Notes being redeemed or (2) the sum of the present values of the remaining scheduled payments of principal and interest on the Senior Notes being redeemed (exclusive of interest accrued to the date of redemption), discounted to the redemption date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 12.5 basis points, plus, in each case, accrued and unpaid interest to, but not including, the redemption date. |
| Trade Date: | June 4, 2018 |
| Expected Settlement Date: | T+3, June 7, 2018 |
| Expected Ratings* (Moody’s/S&P/Fitch): | A3 (on review for downgrade) / BBB+ (stable) / BBB+ (stable) |
| CUSIP / ISIN: | 92939U AA4 / US92939UAA43 |
| Joint Book-Running Managers: |
J.P. Morgan Securities LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated Wells Fargo Securities, LLC
|
| Senior Co-Manager: | Goldman Sachs & Co. LLC |
| Co-Manager: | Samuel A. Ramirez & Company, Inc. |
* 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.
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 J.P. Morgan Securities LLC collect at 1-212-834-4533, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-800-294-1322 or Wells Fargo Securities, LLC toll-free at 1-800-645-3751.