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Filed Pursuant to Rule 433
Registration Statement No. 333-159131
Dated May 16, 2011
Final Term Sheet
Great Plains Energy Incorporated
4.85% Notes due 2021
     
Issuer:
  Great Plains Energy Incorporated
 
   
Principal Amount:
  $350,000,000
 
   
Title of Securities:
  4.85% Notes due 2021
 
   
Maturity Date:
  June 1, 2021
 
   
Coupon (Interest Rate):
  4.85%
 
   
Yield to Maturity:
  4.862%
 
   
Benchmark Treasury:
  3.125% due May 15, 2021
 
   
Spread to Benchmark Treasury:
  +170 basis points
 
   
Benchmark Treasury Price and Yield:
  99-22, 3.162%
 
   
Interest Payment Dates:
  Semi-annually on June 1 and December 1, commencing on December 1, 2011
 
   
Price to Public:
  99.904% of the principal amount, plus accrued interest, if any, from May 19, 2011
 
   
Redemption Provision:
  Prior to March 1, 2021, callable at any time at a make-whole premium of the greater of (i) 100% of the principal amount or (ii) discounted present value at Treasury Rate plus 25 basis points.
 
   
 
  On or after March 1, 2021, callable at any time at par.
 
   
Settlement Date:
  May 19, 2011
 
   
CUSIP Number:
  391164 AE0
 
   
Ratings:
  Moody’s Investor Services: Baa3 (Stable Outlook)
Standard & Poor’s Ratings Group: BBB- (Stable Outlook)
 
   
Joint Bookrunners:
  J.P. Morgan Securities LLC
 
  Merrill Lynch, Pierce, Fenner & Smith
 
             Incorporated
 
  Mitsubishi UFJ Securities (USA), Inc.
 
   
Senior Co-Manager:
  U.S. Bancorp Investments, Inc.
 
   
Co-Manager:
  Valdés & Moreno, 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, J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated or Mitsubishi UFJ Securities (USA), Inc. can arrange to send you the prospectus if you request it by calling J.P. Morgan Securities LLC collect at (212) 834-4533, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at (800) 294-1322 or Mitsubishi UFJ Securities (USA), Inc. toll-free at (877) 649-6848.