Summary of Information

 

• TVA is a wholly-owned agency and instrumentality of the U.S. Government. TVA bonds and notes are backed solely by the net power proceeds of the TVA power system, however, and are neither obligations of, nor guaranteed by, the U.S. Government.
• TVA's power system is required to be financially self-supporting and receives no funding from the U.S. Government.
• TVA bonds and notes are generally exempt from state and local income taxes ¹ .
• TVA's rated Power Bonds are rated AAA/Aaa by Fitch Ratings and Moody's Investors Service, and AA+ by Standard & Poor's, all major credit rating agencies.
• TVA does not sell securities directly to investors. TVA securities may be purchased through a broker, bank, or other financial institution.

Currently Issued TVA Securities

Date Issued	CUSIP	Coupon Rate	Maturity Date	Interest Payment Dates	Survivor's Option 2	Early Repayment Features
8/19/2013	88059TFS5	4.125%	August 15, 2033	February 15 August 15	Yes	Callable on or after August 15, 2017
4/4/2013	88059TFR7	3.150%	April 15, 2033	October 15 April 15	Yes	Callable on or after April 15, 2017
3/28/2013	88059TFQ9	3.00%	March 15, 2029	September 15 March 15	Yes	Callable on or after March 15, 2015
3/7/2013	88059TFP1	2.375%	February 15, 2025	August 15 February 15	Yes	Callable on or after February 15, 2015
2/28/2013	88059TFN6	2.375%	February 15, 2025	August 15 February 15	Yes	Callable on or after February 15, 2015
2/15/2013	88059TFM8	3.625%	February 15, 2043	August 15 February 15	Yes	Callable on or after February 15, 2018
5/24/12	88059TFL0	3.550%	May 15, 2042	November 15 May 15	Yes	Callable on or after May 15, 2017
4/9/12	88059TFK2	3.375%	April 15, 2032	October 15 April 15	Yes	Callable on or after April 15, 2016
3/22/12	88059TFJ5	3.625%	March 15, 2042	September 15 March 15	Yes	Callable on or after March 15, 2017
2/16/12	88059TFH9	3.25%	February 15, 2031	August 15 February 15	Yes	Callable on or after February 15, 2016
7/21/11	88059TFG1	4.300%	July 15, 2031	January 15 July 15	Yes	Callable on or after July 15, 2016
6/16/2011	88059TFF3	4.375%	June 15, 2041	December 15 June 15	Yes	Callable on or after June 15, 2016
4/14/2011	88059TFE6	4.25%	April 15, 2031	October 15 April 15	Yes	Callable on or after April 15, 2015
3/10/2011	88059TFD8	4.25%	March 15, 2021	September 15 March 15	Yes	Callable on or after March 15, 2015
1/13/2011	88059TFC0	4.25%	January 15, 2031	July 15 January 15	Yes	Callable on or after January 15, 2015
2/13/2009	88059TEL1	2.65%	May 15, 2020	August 15 February 15	No	Amortizing

 

1 Both the principal and interest on TVA securities are generally exempt from state and local income taxes (applicable in all U.S. states). TVA securities are not exempt from estate, inheritance or gift taxes, or from federal income taxes. Please note that the tax implications of holding TVA securities may vary due to individual circumstances.

2 The "Survivor's Option" feature on TVA electronotes® is subject to certain limitations and restrictions. Please see the most recent electronotes® Offering Circular for additional information.

 

This document is a limited summary of some terms of certain TVA securities. It does not contain all information that may be important to you in deciding to buy or sell any TVA securities. This information is provided for informational purposes only and is neither an offer to sell nor a solicitation of an offer to buy any securities. Copies of TVA Offering Circulars and financial reports filed with the Securities and Exchange Commission may be obtained free of charge by calling (toll-free) 1-888-882-4975 or (from outside the U.S.) 1-888-882-4967, and from TVA's Investor Relations website at https://www.tva.com/Investors. These documents contain additional information regarding TVA securities; however, the information in each document is current only as of the date of each document.