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SCE Trust III, 5.75% Fixed to Floating Rate Trust Preference Securities

Coupon is fixed at 5.75% until 3/15/2024 at which point it floats at 3 month Libor plus a spread of 2.99%

Ticker: SCE-H

Parent Ticker: EIX

OTC Grey Market Temporary Ticker: NA

Issuance Date: 02/27/2014

1st Call Date: 03/15/2024

Maturity Date: None

Shares Issued: 11,000,000

Overallotment Shares: 0

Coupon: 5.75%

Face Value: $25.00

Cumulative: Yes

Qualified: Yes

Quarterly Dividend Amount: 0.359

Payment Months: MAR, JUN, SEP, DEC

Payment Day: 15

S&P Rating: BB+

III Rating (In Regards to Dividend Safety Only): B

Moody Rating: Baa3

Fitch Rating: NR

Egan-Jones Rating: NR