DUKE ENERGY PROGRESS, LLC $450,000,000 FIRST MORTGAGE BONDS, 3.70% SERIES, DUE 2046 UNDERWRITING AGREEMENTUnderwriting Agreement • September 16th, 2016 • Duke Energy Progress, Llc. • Electric services • New York
Redemption Provisions: At any time before April 15, 2046 (which is the date that is six months prior to maturity of the Bonds (the “Par Call Date”)), redeemable at the Treasury Rate + 20 bps. At any time on or after the Par Call Date, redeemable at par.
