Company: TCPA
Filing Date: 2025-02-20
Form Type: SUPPL
Source: 0001193125-25-030844
Chunk: 51

Company: TRANSCANADA PIPELINES LTD
Filing Date: 2025-02-20
Form: SUPPL
Chunk 51
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 The representatives of the Underwriters have advised us that the Underwriters do not intend to confirm sales to any account over which they exercise discretionary authority. This prospectus supplement qualifies the distribution of the Notes in each of the provinces and territories of Canada solely for the purpose of registering the Notes in the U.S. pursuant to the multi-jurisdictional disclosure system adopted by the U.S. This prospectus supplement does not qualify the notes for distribution to purchasers in Canada, or to residents of Canada. Pursuant to the Underwriting Agreement, each Underwriter has agreed that it will only, directly or indirectly, offer, sell or deliver Notes in Canada or to residents of Canada pursuant to an available exemption from Canadian prospectus requirements. S-34

Commissions and Discounts

The representatives of the Underwriters have advised us that the Underwriters propose to offer the Notes to the public initially at the public
offering price specified on the cover page of this prospectus supplement and to dealers at a price that represents a concession not in excess of 0.60% of the principal amount of the Notes. The Underwriters may allow, and these dealers may re-allow, a concession of not more than 0.40% of the principal amount of the Notes to other dealers. After the Underwriters have made a reasonable effort to sell all of the Notes offered by this prospectus
supplement at the price specified herein, the offering price may be decreased and may be further changed from time to time to an amount not greater than the price specified on the cover page of this prospectus supplement. Thus, the prices paid for
Notes may vary from purchaser to purchaser and may vary during the period of distribution. In the event the offering price of the Notes is reduced, the compensation received by the Underwriters will be decreased by the amount by which the aggregate
price paid by the purchasers for the notes is less than the gross proceeds paid by the Underwriters to us for the Notes. Any such reduction will therefore not affect the proceeds we receive.

New Issue of Notes

The Notes are a new
issue of securities with no established trading market. The Notes will not be listed on any securities exchange or on any automated dealer quotation system. The Underwriters may make a market in the Notes after completion of the offering, but will
not be obligated to do so and may discontinue any market-making activities at any time without notice. No assurance can be given as to the liquidity of the trading market for the Notes or that an active public
market for the Notes