# EDGAR Filing Document

**Accession Number:** 0000783325
**File Stem:** 0001104659-23-002341
**Filing Date:** 2023-1
**Character Count:** 7955
**Document Hash:** a8ef6a0bd7f6e664f3c81a95ee8fb40c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-002341.hdr.sgml**: 20230109

**ACCESSION NUMBER**: 0001104659-23-002341

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230109

**DATE AS OF CHANGE**: 20230109

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WEC ENERGY GROUP, INC.
- **CENTRAL INDEX KEY:** 0000783325
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC & OTHER SERVICES COMBINED [4931]
- **IRS NUMBER:** 391391525
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-260807
- **FILM NUMBER:** 23518987

**BUSINESS ADDRESS:**
- **STREET 1:** 231 W MICHIGAN ST
- **STREET 2:** P O BOX 1331
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53201
- **BUSINESS PHONE:** 414-221-2345

**MAIL ADDRESS:**
- **STREET 1:** 231 WEST MICHIGAN STREET
- **STREET 2:** P O BOX 1331
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53201

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WISCONSIN ENERGY CORP
- **DATE OF NAME CHANGE:** 19920703
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WEC ENERGY GROUP, INC.
- **CENTRAL INDEX KEY:** 0000783325
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC & OTHER SERVICES COMBINED [4931]
- **IRS NUMBER:** 391391525
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 231 W MICHIGAN ST
- **STREET 2:** P O BOX 1331
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53201
- **BUSINESS PHONE:** 414-221-2345

**MAIL ADDRESS:**
- **STREET 1:** 231 WEST MICHIGAN STREET
- **STREET 2:** P O BOX 1331
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53201

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WISCONSIN ENERGY CORP
- **DATE OF NAME CHANGE:** 19920703

**Pricing Term Sheet**<br> Filed Pursuant to Rule 433(d)<br> Registration No. 333-260807<br> January 9, 2023

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| | |
|:---|:---|
| Issuer: | &nbsp;&nbsp;WEC Energy Group, Inc. |
| Trade Date: | &nbsp;&nbsp;January 9, 2023 |
| Expected Settlement Date: | &nbsp;&nbsp;T+2, January 11, 2023 |
| Expected Ratings\* (Moody's/S&P/Fitch): | &nbsp;&nbsp;Baa1 (stable) / BBB+ (stable) / BBB+ (stable) |
| Joint Book-Running Managers: | &nbsp;&nbsp; Barclays Capital Inc.<br> J.P. Morgan Securities LLC<br> Morgan Stanley & Co. LLC<br> Wells Fargo Securities, LLC<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Co-Managers:<br>| &nbsp;&nbsp;Goldman Sachs & Co. LLC<br> Samuel A. Ramirez & Company, Inc. |
| &nbsp;&nbsp; <br> **Terms Applicable to 4.75% Senior Notes due January 9, 2026 (the "2026 Notes")** | &nbsp;&nbsp; <br> **Terms Applicable to 4.75% Senior Notes due January 9, 2026 (the "2026 Notes")** |
| Principal Amount: | &nbsp;&nbsp;$650000000 |
| Maturity: | &nbsp;&nbsp;January 9, 2026 |
| Coupon: | &nbsp;&nbsp;4.75% |
| Initial Price to Public: | &nbsp;&nbsp;99.884% per Senior Note |
| Yield to Maturity: | &nbsp;&nbsp;4.792% |
| Spread to Benchmark Treasury: | &nbsp;&nbsp;+85 basis points |
| Benchmark Treasury: | &nbsp;&nbsp;UST 4.000% due December 15, 2025 |
| Benchmark Treasury Yield: | &nbsp;&nbsp;3.942% |
| Interest Payment Dates: | &nbsp;&nbsp;January 9 and July 9, commencing July 9, 2023 |
| Optional Redemption: | &nbsp;&nbsp;Prior to December 9, 2025 (the date that is one (1) month prior to the maturity date, which is referred to herein as the "2026 Par Call Date"), the 2026 Notes will be redeemable, at the option of the Issuer, 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: (1) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption date (assuming the 2026 Notes matured on the 2026 Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate, as defined in the preliminary prospectus supplement of the Issuer dated the date hereof, plus 15 basis points less (b) interest accrued to, but not including, the date of redemption; and (2) 100% of the principal amount of the 2026 Notes to be redeemed, plus, in either case, accrued and unpaid interest thereon to, but not including, the redemption date. On or after the 2026 Par Call Date, the Issuer may redeem the 2026 Notes, 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 2026 Notes being redeemed plus accrued and unpaid interest thereon to, but not including, the redemption date. |

---

---

| | |
|:---|:---|
| CUSIP / ISIN: | &nbsp;&nbsp;92939UAK2 / US92939UAK25 |
| &nbsp;&nbsp; <br> **Terms Applicable to 4.75% Senior Notes due January 15, 2028 (the "2028 Notes")** | &nbsp;&nbsp; <br> **Terms Applicable to 4.75% Senior Notes due January 15, 2028 (the "2028 Notes")** |
| Principal Amount: | &nbsp;&nbsp;$450000000 |
| Maturity: | &nbsp;&nbsp;January 15, 2028 |
| Coupon: | &nbsp;&nbsp;4.75% |
| Initial Price to Public: | &nbsp;&nbsp;99.867% per Senior Note |
| Yield to Maturity: | &nbsp;&nbsp;4.780% |
| Spread to Benchmark Treasury: | &nbsp;&nbsp;+112.5 basis points |
| Benchmark Treasury: | &nbsp;&nbsp;UST 3.875% due December 31, 2027 |
| Benchmark Treasury Yield: | &nbsp;&nbsp;3.655% |
| Interest Payment Dates: | &nbsp;&nbsp;January 15 and July 15, commencing July 15, 2023 |
| Optional Redemption: | &nbsp;&nbsp;Prior to December 15, 2027 (the date that is one (1) month prior to the maturity date, which is referred to herein as the "2028 Par Call Date"), the 2028 Notes will be redeemable, at the option of the Issuer, 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: (1) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption date (assuming the 2028 Notes matured on the 2028 Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate, as defined in the preliminary prospectus supplement of the Issuer dated the date hereof, plus 20 basis points less (b) interest accrued to, but not including, the date of redemption; and (2) 100% of the principal amount of the 2028 Notes to be redeemed, plus, in either case, accrued and unpaid interest thereon to, but not including, the redemption date. On or after the 2028 Par Call Date, the Issuer may redeem the 2028 Notes, 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 2028 Notes being redeemed plus accrued and unpaid interest thereon to, but not including, the redemption date. |
| CUSIP / ISIN: | &nbsp;&nbsp;92939UAL0 / US92939UAL08 |

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\* 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 Barclays Capital Inc. toll-free at (888) 603-5847, J.P. Morgan Securities LLC collect at (212) 834-4533, Morgan Stanley & Co. LLC toll-free at (866) 718-1649 or Wells Fargo Securities, LLC toll-free at (800) 645-3751.