# EDGAR Filing Document

**Accession Number:** 0000007323
**File Stem:** 0001193125-23-000868
**Filing Date:** 2023-1
**Character Count:** 5482
**Document Hash:** 1250a7e53ace6033f6130e3b6cdbe979
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-000868.hdr.sgml**: 20230103

**ACCESSION NUMBER**: 0001193125-23-000868

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230103

**DATE AS OF CHANGE**: 20230103

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ENTERGY ARKANSAS, LLC
- **CENTRAL INDEX KEY:** 0000007323
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC SERVICES [4911]
- **IRS NUMBER:** 831918668
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-266624-05
- **FILM NUMBER:** 23503200

**BUSINESS ADDRESS:**
- **STREET 1:** 425 WEST CAPITOL AVE
- **CITY:** LITTLE ROCK
- **STATE:** AR
- **ZIP:** 72201
- **BUSINESS PHONE:** 501-377-4000

**MAIL ADDRESS:**
- **STREET 1:** P. O. BOX 551
- **CITY:** LITTLE ROCK
- **STATE:** AR
- **ZIP:** 72203

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ENTERGY ARKANSAS INC
- **DATE OF NAME CHANGE:** 19960610

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ARKANSAS POWER & LIGHT CO
- **DATE OF NAME CHANGE:** 19920703
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ENTERGY ARKANSAS, LLC
- **CENTRAL INDEX KEY:** 0000007323
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC SERVICES [4911]
- **IRS NUMBER:** 831918668
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 425 WEST CAPITOL AVE
- **CITY:** LITTLE ROCK
- **STATE:** AR
- **ZIP:** 72201
- **BUSINESS PHONE:** 501-377-4000

**MAIL ADDRESS:**
- **STREET 1:** P. O. BOX 551
- **CITY:** LITTLE ROCK
- **STATE:** AR
- **ZIP:** 72203

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ENTERGY ARKANSAS INC
- **DATE OF NAME CHANGE:** 19960610

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ARKANSAS POWER & LIGHT CO
- **DATE OF NAME CHANGE:** 19920703

**Filed Pursuant to Rule 433** 

**Registration No. 333-266624-05** 

**ENTERGY ARKANSAS, LLC** 

**$425,000,000** 

**First Mortgage Bonds,** 

**5.15% Series due January 15, 2033** 

<u>Final Terms and Conditions</u> 

January 3, 2023

---

| | |
|:---|:---|
| **Issuer:** | Entergy Arkansas, LLC |
| **Security Type:** | First Mortgage Bonds (SEC Registered) |
| **Expected Ratings<sup>(1)</sup>:** | A2 (positive outlook) by Moody's Investors Service, Inc.<br> A (stable outlook) by S&P Global Ratings |
| **Trade Date:** | January 3, 2023 |
| **Settlement Date (T+3)<sup>(2)</sup>:** | January 6, 2023 |
| **Principal Amount:** | $425000000 |
| **Interest Rate:** | 5.15% |
| **Interest Payment Dates:** | January 15 and July 15 of each year |
| **First Interest Payment Date:** | July 15, 2023 |
| **Final Maturity Date:** | January 15, 2033 |
| **Optional Redemption Terms:** | Make-whole call at any time prior to October 15, 2032 at a discount rate of Treasury plus 25 bps and, thereafter, at par. |
| **Benchmark Treasury:** | 4.125% due November 15, 2032 |
| **Benchmark Treasury Price:** | 102–23 |
| **Benchmark Treasury Yield:** | 3.792% |
| **Spread to Benchmark Treasury:** | +140 bps |
| **Re-offer Yield:** | 5.192% |

---

------

---

| | |
|:---|:---|
| **Price to Public:** | 99.673% of the principal amount |
| **Net Proceeds Before Expenses:** | $420847750 |
| **CUSIP / ISIN:** | 29366M AD0 / US29366MAD02 |
| **Joint Book-Running Managers:** | J.P. Morgan Securities LLC<br> Mizuho Securities USA LLC<br> SMBC Nikko Securities America, Inc.<br> Stephens Inc.<br> U.S. Bancorp Investments, Inc. |
| **Co-Manager:** | Loop Capital Markets LLC |

---

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<sup>(1)</sup> A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

<sup>(2)</sup> It is expected that delivery of the bonds will be made on or about January 6, 2023, which will be the third business day following the date hereof (such settlement being referred to as "T+3"). Under Rule 15c6-1 under the Securities Exchange Act of 1934, trades in the secondary market generally are required to settle in two business days (T+2), unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the bonds more than two business days prior to the scheduled settlement date will be required, by virtue of the fact that the bonds will initially settle in T+3, to specify an alternative settlement arrangement at the time of any such trade to prevent a failed settlement. Purchasers of the bonds who wish to trade the bonds more than two business days prior to the scheduled settlement date should consult their own advisors. 

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 website at www.sec.gov.

Alternatively, a copy of the prospectus for the offering can be obtained by calling (i) J.P. Morgan Securities LLC collect at 1-212-834-4533, (ii) Mizuho Securities USA LLC toll-free at 1-866-271-7403, (iii) SMBC Nikko Securities America, Inc. toll-free at 1-888-868-6856, (iv) Stephens Inc. toll-free at 1-800-643-9691 or (v) U.S. Bancorp Investments, Inc. toll-free at 1-877-558-2607.