Filed Pursuant to Rule 433
Registration No. 333-149370
April 29, 2009
TERM SHEET
$500,000,000 6.500% Notes due 2019
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Issuer: |
EnCana Corporation |
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Securities Offered: |
6.500% Notes due 2019 |
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Format: |
SEC Registered |
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Principal Amount: |
$500,000,000 |
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Maturity: |
May 15, 2019 |
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Coupon: |
6.500% |
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Price to Public: |
99.822% |
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Yield to Maturity: |
6.524% |
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Benchmark Treasury: |
2.750% due February 15, 2019 |
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Benchmark Treasury Yield: |
3.024% |
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Spread to Benchmark Treasury: |
T+350 basis points |
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Interest Payment Dates: |
May 15 and November 15, commencing November 15, 2009 |
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Optional Redemption: |
Make Whole call as set forth in the preliminary prospectus supplement (Treasury rate plus 50 basis points) |
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Trade Date: |
April 29, 2009 |
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Settlement: |
T+3; May 4, 2009 |
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CUSIP: |
292505 AH7 |
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Denominations: |
$2,000 and integral multiples of $1,000 |
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Anticipated Ratings: |
Moody's: Baa2 (stable outlook) |
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Joint Book-Running Managers: |
Banc of America Securities LLC |
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Lead Managers |
BNP Paribas Securities Corp. |
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Co-Managers: |
Barclays Capital 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 calling Deutsche Bank Securities Inc. toll free at 1-800-503-4611 or Banc of America Securities LLC toll free at 1-800-294-1322.