Company: TCPA
Filing Date: 2025-02-19
Form Type: SUPPL
Source: 0001193125-25-029207
Chunk: 1

Company: TRANSCANADA PIPELINES LTD
Filing Date: 2025-02-19
Form: SUPPL
Chunk 1
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 on any day in the period commencing on (and including) , 20 (being the date falling three months prior to the Initial Interest Reset Date (as defined herein)) and ending on (and including) , 20 , and (ii) after , 20 , on any Interest Payment Date or Interest Reset Date, in each case, at a redemption price equal to 100% of the principal amount thereof, together with accrued and unpaid interest to, but excluding, the date fixed for redemption. At any time upon or following the occurrence of a Tax Event (as defined herein), we may, at our option, redeem all (but not less than all) of the Notes at a redemption price equal to 100% of the principal amount thereof, together with accrued and unpaid interest to, but excluding, the date fixed for redemption. At any time upon or following the occurrence of a Rating Event (as defined herein), we may, at our option, redeem all (but not less than all) of the Notes at a redemption price equal to 102% of the principal amount thereof, together with accrued and unpaid interest to, but excluding, the date fixed for redemption. See “ Description of the Notes”. Investing in the Notes involves risk. See “ Risk Factors ” beginning on page S-12of this prospectus supplement and beginning on page 27 of the accompanying prospectus. Under applicable Canadian securities legislation, we may be considered to be a connected issuer of Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and SMBC Nikko Securities America, Inc. (collectively, the “Underwriters”), each of which is, directly or indirectly, a subsidiary or affiliate of one of our lenders to which we are currently indebted. In addition, certain of the Underwriters, or their subsidiaries or affiliates, may be holders of the Trust Notes (as defined herein), the redemption price for which we intend to fund from the net proceeds from the offering. See “ Underwriting ” and “ Use of Proceeds ” in this prospectus supplement. We are permitted, under the multijurisdictional disclosure system adopted by the United States (“U.S.”) and Canada, to prepare this prospectus supplement and the accompanying prospectus in accordance with Canadian disclosure requirements. You should be aware that such requirements are different from those of the U.S. Financial statements incorporated by reference in the accompanying prospectus have been prepared in accordance with U.S. generally accepted accounting principles, which are referred to as “U.S. GAAP”. Owning the Notes