# EDGAR Filing Document

**Accession Number:** 0000050172
**File Stem:** 0000050172-23-000006
**Filing Date:** 2023-3
**Character Count:** 4183
**Document Hash:** b964de83e6059953f3ea613d80f8ead5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000050172-23-000006.hdr.sgml**: 20230321

**ACCESSION NUMBER**: 0000050172-23-000006

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230321

**DATE AS OF CHANGE**: 20230321

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** INDIANA MICHIGAN POWER CO
- **CENTRAL INDEX KEY:** 0000050172
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC SERVICES [4911]
- **IRS NUMBER:** 350410455
- **STATE OF INCORPORATION:** IN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-268880
- **FILM NUMBER:** 23749817

**BUSINESS ADDRESS:**
- **STREET 1:** 1 RIVERSIDE PLAZA
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215
- **BUSINESS PHONE:** 614-716-1000

**MAIL ADDRESS:**
- **STREET 1:** 1 RIVERSIDE PLAZA
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INDIANA MICHIGAN ELECTRIC CO/IN
- **DATE OF NAME CHANGE:** 19871104
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** INDIANA MICHIGAN POWER CO
- **CENTRAL INDEX KEY:** 0000050172
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC SERVICES [4911]
- **IRS NUMBER:** 350410455
- **STATE OF INCORPORATION:** IN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** 1 RIVERSIDE PLAZA
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215
- **BUSINESS PHONE:** 614-716-1000

**MAIL ADDRESS:**
- **STREET 1:** 1 RIVERSIDE PLAZA
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INDIANA MICHIGAN ELECTRIC CO/IN
- **DATE OF NAME CHANGE:** 19871104

Filed pursuant to Rule 433

Registration No. 333-268880

March 21, 2023

**PRICING TERM SHEET**

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| | |
|:---|:---|
| Issuer: | Indiana Michigan Power Company |
| Expected Ratings\*: | A3 (Stable) by Moody's Investors Service, Inc.<br>A- (Stable) by S&P Global Ratings, a division of S&P Global Inc.<br>A (Stable) by Fitch Ratings, Inc. |
| Designation: | Senior Notes, Series P, due 2053 |
| Principal Amount: | $500000000 |
| Maturity: | April 1, 2053 |
| Coupon: | 5.625% |
| Interest Payment Dates: | April 1 and October 1 |
| First Interest Payment Date: | October 1, 2023 |
| Treasury Benchmark: | 4.00% due November 15, 2052 |
| Treasury Yield: | 3.727% |
| Reoffer Spread: | T+ 190 basis points |
| Yield to Maturity: | 5.627% |
| Price to Public: | 99.969% of the principal amount thereof |
| Transaction Date: | March 21, 2023 |
| Settlement Date: | March 23, 2023 (T+2) |
| Redemption Terms: |  |
| &nbsp;&nbsp;&nbsp;Make-whole call: | Prior to October 1, 2052 at a discount rate of the Treasury Rate plus 30 basis points |
| &nbsp;&nbsp;&nbsp;Par call: | On or after October 1, 2052 at par |
| Minimum Denomination: | $2,000 and integral multiples of $1,000 in excess thereof |
| CUSIP/ISIN: | 454889 AV8 / US454889AV81 |
| Joint Book-Running Managers: | BofA Securities, Inc.<br>Citigroup Global Markets Inc.<br>PNC Capital Markets LLC<br>RBC Capital Markets, LLC |
| Senior Co-Manager: | TD Securities (USA) LLC |
| Co-Manager: | C. L. King & Associates, 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 contacting BofA Securities, Inc. toll-free at 1-800-294-1322 or Citigroup Global Markets Inc. toll free at 1-800-831-9146 or PNC Capital Markets LLC toll-free at 1-855-881-0697 or RBC Capital Markets, LLC toll free at 1-866-375-6829.**

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