DUKE ENERGY indiana, LLC $300,000,000 FIRST MORTGAGE BONDS, SERIES BBBB, 5.25%, DUE March 1, 2034 UNDERWRITING AGREEMENTUnderwriting Agreement • March 1st, 2024 • Duke Energy Indiana, LLC • Electric services • Indiana
Redemption Provisions/ Make-Whole Call: Prior to December 1, 2033 (the date that is three months prior to the maturity date of the Mortgage Bonds (the “Par Call Date”)), the Issuer may redeem the Mortgage Bonds at its option, in whole or in part, at any time and from time to time, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of: (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption date (assuming the Mortgage Bonds matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 15 basis points less (b) interest accrued to the redemption date; and 100% of the principal amount of the Mortgage Bonds to be redeemed, plus, in either case, accrued and unpaid interest thereon to, but excluding the redemption date. On or after the Par Call Date, the Issuer may
