# EDGAR Filing Document

**Accession Number:** 0000081020
**File Stem:** 0001104659-23-034993
**Filing Date:** 2023-3
**Character Count:** 6476
**Document Hash:** 4f96a78d007be259135471fa1d3623f7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-034993.hdr.sgml**: 20230321

**ACCESSION NUMBER**: 0001104659-23-034993

**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:** Duke Energy Indiana, LLC
- **CENTRAL INDEX KEY:** 0000081020
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC SERVICES [4911]
- **IRS NUMBER:** 350594457
- **STATE OF INCORPORATION:** IN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-267583-04
- **FILM NUMBER:** 23749311

**BUSINESS ADDRESS:**
- **STREET 1:** 526 SOUTH CHURCH STREET
- **STREET 2:** EC03T
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28202
- **BUSINESS PHONE:** 704-594-6200

**MAIL ADDRESS:**
- **STREET 1:** 526 SOUTH CHURCH STREET
- **STREET 2:** EC03T
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Duke Energy Indiana, Inc.
- **DATE OF NAME CHANGE:** 20061003

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PSI ENERGY INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PUBLIC SERVICE CO OF INDIANA INC
- **DATE OF NAME CHANGE:** 19900509
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Duke Energy Indiana, LLC
- **CENTRAL INDEX KEY:** 0000081020
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC SERVICES [4911]
- **IRS NUMBER:** 350594457
- **STATE OF INCORPORATION:** IN
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 526 SOUTH CHURCH STREET
- **STREET 2:** EC03T
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28202
- **BUSINESS PHONE:** 704-594-6200

**MAIL ADDRESS:**
- **STREET 1:** 526 SOUTH CHURCH STREET
- **STREET 2:** EC03T
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Duke Energy Indiana, Inc.
- **DATE OF NAME CHANGE:** 20061003

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PSI ENERGY INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PUBLIC SERVICE CO OF INDIANA INC
- **DATE OF NAME CHANGE:** 19900509

***Filed pursuant to Rule 433***

***March*** ***21, 2023***

***Relating to***

***Preliminary Prospectus Supplement dated March*** ***21, 2023 to***

***Prospectus dated September 23, 2022***

***Registration Statement No. 333-267583-04***

**DUKE ENERGY indiana, LLC<br> $500,000,000 FIRST MORTGAGE BONDS, SERIES** **AAAA, 5.40%, DUE APRIL 1, 2053**

<u>Pricing Term Sheet</u>

---

| | |
|:---|:---|
| Issuer: | Duke Energy Indiana, LLC (the "**Issuer**") |
| Trade Date: | March 21, 2023 |
| Settlement Date: | March 23, 2023; T+2 |
| Security Description: | First Mortgage Bonds, Series AAAA, 5.40%, Due April 1, 2053 (the "**Mortgage Bonds**") |
| Expected Ratings (Moody's/S&P):\* | Aa3 (Stable) / A (Stable) |
| Interest Payment Dates: | April 1 and October 1 of each year, beginning on October 1, 2023 |
| Principal Amount: | $500000000 |
| Maturity Date: | April 1, 2053 |
| Coupon: | 5.40% |
| Benchmark Treasury: | 4.000% due November 15, 2052 |
| Benchmark Treasury Price: | 105-08 |
| Benchmark Treasury Yield: | 3.706% |
| Spread to Benchmark Treasury: | +170 bps |
| Yield to Maturity: | 5.406% |
| Price to Public: | 99.910% per Mortgage Bond |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Redemption Provisions/ Make-Whole Call:<br>| Prior to October 1, 2052 (the date that is six months prior to the maturity date of the Mortgage Bonds (the "**Par Call Date**")), the Issuer may redeem the Mortgage Bonds at its option, in whole or in part, at any time and from time to time, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of: (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption date (assuming the Mortgage Bonds matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 30 basis points less (b) interest accrued to the redemption date; and 100% of the principal amount of the Mortgage Bonds to be redeemed, plus, in either case, accrued and unpaid interest thereon to, but excluding the redemption date.<br>On or after the Par Call Date, the Issuer may redeem the Mortgage Bonds at its option, in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the Mortgage Bonds to be redeemed plus accrued and unpaid interest thereon to, but excluding, the redemption date. |
| CUSIP / ISIN: | 26443T AD8 / US26443TAD81 |
| Joint Book-Running Managers: | BofA Securities, Inc.<br> Citigroup Global Markets Inc.<br> SMBC Nikko Securities America, Inc.<br> TD Securities (USA) LLC<br> Truist Securities, Inc.<br> Credit Suisse Securities (USA) LLC<br> Mizuho Securities USA LLC |
| Co-Managers: | Regions Securities LLC<br> Academy Securities, Inc.<br> Great Pacific Securities<br> Mischler Financial Group, Inc.<br> Samuel A. Ramirez & Company, Inc. |

---

<sup>\* Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision, suspension or withdrawal at any time. Each credit rating should be evaluated independently of any other credit rating.</sup>

**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 BofA Securities, Inc. toll-free at (800) 294-1322 or by email at dg.prospectus_requests@bofa.com; Citigroup Global Markets Inc. toll-free at (800) 831-9146; SMBC Nikko Securities America, Inc. toll-free at 1-888-868-6856; TD Securities (USA) LLC toll-free at 1-855-495-9846 or Truist Securities, Inc. toll-free at 1-800-685-4786.**