Filed pursuant to Rule 433
Registration No. 333-131810
DOMINION RESOURCES, INC.
FINAL TERM SHEET
June 12, 2008
| 2008 Series A 6.40% Senior Notes due 2018 |
2008 Series B 7.0% Senior Notes due 2038 | |||
| Issuer: |
Dominion Resources, Inc. | Dominion Resources, Inc. | ||
| Principal Amount: |
$500,000,000 | $400,000,000 | ||
| Expected Ratings (Moody’s/S&P/Fitch): |
Baa2 (stable outlook)/A-(stable outlook)/BBB+ (stable outlook) | Baa2 (stable outlook)/A-(stable outlook)/ BBB+ (stable outlook) | ||
| Trade Date: |
June 12, 2008 | June 12, 2008 | ||
| Settlement Date: |
June 17, 2008 | June 17, 2008 | ||
| Final Maturity Date: |
June 15, 2018 | June 15, 2038 | ||
| Interest Payment Dates: |
June 15 and December 15 | June 15 and December 15 | ||
| First Interest Payment Date: |
December 15, 2008 | December 15, 2008 | ||
| Call Provisions: |
Make Whole Call at T+35 bps | Make Whole Call at T+40 bps | ||
| Treasury Benchmark: |
3.875% due May 15, 2018 | 5.00% due May 15, 2037 | ||
| Benchmark Yield: |
4.213% | 4.762% | ||
| Spread to Benchmark: |
+220 bps | +230 bps | ||
| Reoffer Yield: |
6.413% | 7.062% | ||
| Coupon: |
6.40% | 7.0% | ||
| Price to Public: |
99.906% | 99.232% | ||
| Proceeds to Company Before Expenses: |
99.256% | 98.357% | ||
| CUSIP/ISIN: |
25746U BE8/US25746UBE82 | 25746U BD0/US25746UBD00 | ||
| Concurrent Offering: |
Concurrently with this offering, the Company has offered $300,000,000 of its 2008 Series C Floating Rate Senior Notes due 2010. The Series C Senior Notes, which are expected to be issued on June 17, 2008, will initially bear interest until the first LIBOR Rate Reset Date at a rate equal to the Three Month LIBOR Rate on June 13, 2008, plus 105 basis points. The rate will be reset quarterly. The Series C Senior Notes will mature on June 17, 2010 . The Series C Senior Notes will rank equally with all of our other senior unsecured indebtedness, and are senior in right of payment to all of our subordinated indebtedness. Neither the offering of the Series A and Series B Senior Notes, nor the offering of the Series C Notes are conditioned on the other. |
| Joint Book-Running Managers: |
Barclays Capital Inc.; Citigroup Global Markets Inc.; J.P. Morgan |
Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated
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:
| Barclays Capital Inc. |
1-888-227-2275, ext. 2663 (toll free) | |||||
| Citigroup Global Markets Inc. |
1-877-858-5407 (toll free) | |||||
| J.P. Morgan Securities Inc. |
1-212-834-4533 (collect) | |||||
| Merrill Lynch, Pierce, Fenner & Smith Incorporated |
1-866-500-5408 (toll free) | |||||
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.