# EDGAR Filing Document

**Accession Number:** 0000081033
**File Stem:** 0001193125-23-078112
**Filing Date:** 2023-3
**Character Count:** 4749
**Document Hash:** 3c79c99c3a426c4e989e5accf77c562c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-078112.hdr.sgml**: 20230324

**ACCESSION NUMBER**: 0001193125-23-078112

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230324

**DATE AS OF CHANGE**: 20230323

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PUBLIC SERVICE ELECTRIC & GAS CO
- **CENTRAL INDEX KEY:** 0000081033
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC & OTHER SERVICES COMBINED [4931]
- **IRS NUMBER:** 221212800
- **STATE OF INCORPORATION:** NJ
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-250829
- **FILM NUMBER:** 23757348

**BUSINESS ADDRESS:**
- **STREET 1:** CORPORATE ACCOUNTING SERVICES
- **STREET 2:** 80 PARK PLAZA, 9TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102-4194
- **BUSINESS PHONE:** 973-430-7000

**MAIL ADDRESS:**
- **STREET 1:** CORPORATE ACCOUTNING SERVICES
- **STREET 2:** 80 PARK PLAZA, 9TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102-4194
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PUBLIC SERVICE ELECTRIC & GAS CO
- **CENTRAL INDEX KEY:** 0000081033
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC & OTHER SERVICES COMBINED [4931]
- **IRS NUMBER:** 221212800
- **STATE OF INCORPORATION:** NJ
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** CORPORATE ACCOUNTING SERVICES
- **STREET 2:** 80 PARK PLAZA, 9TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102-4194
- **BUSINESS PHONE:** 973-430-7000

**MAIL ADDRESS:**
- **STREET 1:** CORPORATE ACCOUTNING SERVICES
- **STREET 2:** 80 PARK PLAZA, 9TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102-4194

***Filed pursuant to Rule 433***

***dated March 23, 2023***

***Relating to***

***Preliminary Pricing Supplement dated March 23, 2023***

***to Prospectus Supplement dated March 9, 2022 and***

***Prospectus dated November 20, 2020***

***Registration Statement No. 333-250829***

**<u>Pricing Term Sheet for 5.125% Secured Medium-Term Notes, Series P, due March 15, 2053 (Green Bond)</u>**

**PUBLIC SERVICE ELECTRIC AND GAS COMPANY (PSE&G)** 

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| | |
|:---|:---|
|  <br> Issuer: Public Service Electric and Gas Company<br> Trade Date: March 23, 2023 | <br> Maturity Date: March 15, 2053<br> CUSIP: 74456QCM6 |
|  Original Issue Date/Settlement Date: March 27, 2023 | Joint Book-Running Managers: |
|  Principal Amount: $400,000,000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BofA Securities, Inc. ($61000000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Price to Public: 99.941% of Principal Amount, plus<br> accrued interest, if any, from March 27, 2023 if settlement<br> occurs after that date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MUFG Securities Americas Inc. ($61000000)<br> RBC Capital Markets, LLC ($61000000)<br> U.S. Bancorp Investments, Inc. ($61000000) |
|  Interest Rate: 5.125% per annum | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNP Paribas Securities Corp. ($46000000) |
|  Interest Payment Dates: March 15 and September 15, commencing September 15, 2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNY Mellon Capital Markets, LLC ($46000000)<br> CIBC World Markets Corp. ($46000000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Redemption: As specified in Preliminary Pricing Supplement<br> dated March 23, 2023. Make whole amount prior to<br> September 15, 2052 to be determined at a discount rate<br> equal to the Treasury Rate plus 25 basis points (0.250%). | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Co-Managers:<br> Academy Securities, Inc. ($9000000)<br> Loop Capital Markets LLC ($9000000) |

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***The issuer has filed a registration statement (including a prospectus, a prospectus supplement and a preliminary pricing supplement) with the Securities and Exchange Commission (the "SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus, the prospectus supplement and the preliminary pricing supplement 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's Web site at www.sec.gov. Alternatively, the issuer or any underwriter participating in the offering will arrange to send you these documents if you request them by calling BofA Securities, Inc. toll free at (800) 294-1322, MUFG Securities Americas Inc. toll free at (877) 649-6848, RBC Capital Markets, LLC toll free at (866) 375-6829 or U.S. Bancorp Investments, Inc. toll free at (877) 558-2607.***