DUKE ENERGY PROGRESS, LLC $600,000,000 First Mortgage Bonds, 3.45% Series due 2029 UNDERWRITING AGREEMENTUnderwriting Agreement • March 7th, 2019 • Duke Energy Progress, Llc. • Electric services • New York
day months) at the treasury rate plus 15 basis points, plus, in either case, accrued and unpaid interest on the principal amount of the Bonds being redeemed to, but excluding, such redemption date. At any time on or after the Par Call Date, the issuer will have the right to redeem the Bonds, in whole or in part and from time to time, at a redemption price equal to 100% of the principal amount of the Bonds being redeemed plus accrued and unpaid interest on the principal amount of the Bonds being redeemed to, but excluding, such redemption date.
