Filed Pursuant to Rule 433
Registration No. 333-210556
Free Writing Prospectus dated November 13, 2017
PRICING TERM SHEET
| Issuer: |
DTE Energy Company | |
| Security: |
2017 Series E 5.25% Junior Subordinated Debentures due 2077 (the “Junior Subordinated Debentures”) | |
| Format: |
SEC Registered | |
| Size: |
$400,000,000 | |
| Over-allotment Option: |
None. | |
| Maturity Date: |
December 1, 2077 | |
| Coupon: |
5.25% | |
| Interest Payment Dates: |
March 1, June 1, September 1, and December 1 commencing on March 1, 2018 | |
| Interest Deferral: |
Up to 40 consecutive quarters; deferred interest will accrue and compound quarterly at an annual rate of 5.25%, as permitted by law | |
| Price to Public: |
$25.00 | |
| Par Call: |
At any time, in whole or from time to time in part, on or after December 1, 2022, at 100% plus accrued and unpaid interest to but excluding the redemption date | |
| Tax Event Call: |
At any time prior to December 1, 2022, in whole but not in part, at 101% plus accrued and unpaid interest to but excluding the redemption date | |
| Rating Agency Call: |
At any time prior to December 1, 2022, in whole but not in part, at 102% plus accrued and unpaid interest to but excluding the redemption date | |
| Trade Date: |
November 13, 2017 | |
| Settlement Date: |
T+4; November 17, 2017 | |
| Expected Listing: |
NYSE | |
| CUSIP / ISIN: |
233331 859 / US2333318598 | |
| Denominations: |
$25.00 and integral multiples thereof | |
| Anticipated Ratings*: (Moody’s/S&P/Fitch) |
Baa2 (Stable) / BBB- (Stable) / BBB- (Negative) | |
| Joint Book-Running Managers: |
Merrill Lynch, Pierce, Fenner & Smith Incorporated UBS Securities LLC Wells Fargo Securities, LLC | |
| Co-Managers: |
Citigroup Global Markets Inc. J.P. Morgan Securities LLC MUFG Securities Americas Inc. TD Securities (USA) LLC Siebert Cisneros Shank & Co., L.L.C. | |
*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 Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-800-294-1322, UBS Securities LLC toll-free at 1-888-827-7275 or Wells Fargo Securities, LLC toll-free at 1-800-645-3751.