Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-272237
Sempra
Final Term Sheet
March 10, 2026
5.250% Notes due 2036
This issuer free writing prospectus relates only to 5.250% Notes due 2036 (the “notes”) described below and should be read together with Sempra’s preliminary prospectus supplement dated March 10, 2026 (the “Preliminary Prospectus Supplement”), the accompanying prospectus dated May 26, 2023 and the documents incorporated and deemed to be incorporated by reference therein.
| Issuer: | Sempra (the “Company”) | |
| Anticipated Ratings:1 | Baa2 (negative) by Moody’s Investors Service, Inc. BBB (negative) by S&P Global Ratings BBB+ (stable) by Fitch Ratings, Inc. | |
| Trade Date: | March 10, 2026 | |
| Settlement Date: | March 13, 2026 (T+3) | |
| Securities Offered: | 5.250% Notes due 2036 | |
| Aggregate Principal Amount Offered: | $800,000,000 | |
| Interest Payment Dates: | March 15 and September 15, beginning on September 15, 2026 | |
| Interest Rate: | 5.250% per annum, accruing from March 13, 2026 | |
| Maturity Date: | March 15, 2036 | |
| Benchmark Treasury: | 4.125% due February 15, 2036 | |
| Benchmark Treasury Yield: | 4.123% | |
| Spread to Benchmark Treasury: | +115 basis points | |
| Yield to Maturity: | 5.273% | |
| Price to Public: | 99.823%, plus accrued interest, if any | |
| Optional Redemption Provision: | At the Company’s option, prior to December 15, 2035 (the “Par Call Date”), some or all of the notes may be redeemed pursuant to a make-whole call at the Treasury Rate (as defined in the Preliminary Prospectus Supplement) +20 basis points. At the Company’s option, on and after the Par Call Date, some or all of the notes may be redeemed at 100% of the principal amount. See the Preliminary Prospectus Supplement for the definition of “Treasury Rate” and for further terms and provisions applicable to optional redemption. | |
| 1 | Note: A securities rating is not a recommendation to buy, sell or hold securities and is subject to revision or withdrawal at any time. |
| CUSIP: | 816851 BX6 | |
| ISIN: | US816851BX66 | |
| Net Proceeds: | Approximately $793.4 million, after deducting the underwriting discount but before deducting the estimated offering expenses payable by the Company. | |
| Joint Book-Running Managers: | BBVA Securities Inc. | |
| Citigroup Global Markets Inc. | ||
| J.P. Morgan Securities LLC | ||
| Morgan Stanley & Co. LLC | ||
| PNC Capital Markets LLC | ||
| SMBC Nikko Securities America, Inc. | ||
The issuer has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling BBVA Securities Inc. toll-free at 1-800-422-8692, by calling Citigroup Global Markets Inc. toll-free at 1-800-831-9146, by calling J.P. Morgan Securities LLC collect at 1-212-834-4533, by calling Morgan Stanley & Co. LLC toll-free at 1-866-718-1649 or by calling PNC Capital Markets LLC toll-free at 1-855-881-0697.
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