FWP 1 a14-7177_2fwp.htm FWP

 

Free Writing Prospectus

Filed pursuant to Rule 433

Registration No. 333-188345-03

 

March 4, 2014

 

NSTAR Electric Company

 

 

 

Pricing Term Sheet

 

Issuer:

NSTAR Electric Company

Security:

$300,000,000 4.40% Debentures due March 1, 2044

Trade Date:

March 4, 2014

Settlement Date:

March 7, 2014

Maturity:

March 1, 2044

Coupon:

4.40%

Price to Public:

99.309%

 

 

Yield to Maturity:

4.442%

 

 

Benchmark Treasury:

3.75% due November 15, 2043

Spread to Treasury:

+83 basis points

Benchmark Treasury Price / Yield:

102-16 / 3.612%

Interest Payment Dates:

Semi-annually, on March 1 and September 1 of each year, commencing September 1, 2014.

Redemption Provisions:

Make-whole call at any time prior to September 1, 2043, at a discount rate of Treasury plus 15 basis points, and thereafter at par

Day Count / Business Day Convention:

30 / 360; Modified Following, Adjusted

CUSIP / ISIN:

67021C AJ6 / US67021CAJ62

Ratings*:

A2 (Moody’s); A- (S&P); A+ (Fitch)

Joint Book-Running Managers:

J.P. Morgan Securities LLC,

Merrill Lynch, Pierce, Fenner & Smith
                     Incorporated

 

Mitsubishi UFJ Securities (USA), Inc.,

 

RBC Capital Markets, LLC, and

Wells Fargo Securities, LLC

Co-Manager:

The Williams Capital Group, L.P.

 


* Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

 

The issuer has filed a registration statement (including a prospectus) with the 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 Web site 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 J.P. Morgan Securities LLC collect at 1-212-834-4533, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-800-294-1322, or Mitsubishi UFJ Securities (USA), Inc. toll-free at (877) 649-6848.