0001104659-19-017159.txt : 20190325 0001104659-19-017159.hdr.sgml : 20190325 20190325165855 ACCESSION NUMBER: 0001104659-19-017159 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20190325 DATE AS OF CHANGE: 20190325 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CONNECTICUT LIGHT & POWER CO CENTRAL INDEX KEY: 0000023426 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 060303850 STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-211062-04 FILM NUMBER: 19703230 BUSINESS ADDRESS: STREET 1: SELDEN STREET CITY: BERLIN STATE: CT ZIP: 06037-1616 BUSINESS PHONE: (860)665-5000 MAIL ADDRESS: STREET 1: 107 SELDEN STREET CITY: BERLIN STATE: CT ZIP: 06037 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CONNECTICUT LIGHT & POWER CO CENTRAL INDEX KEY: 0000023426 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 060303850 STATE OF INCORPORATION: CT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: SELDEN STREET CITY: BERLIN STATE: CT ZIP: 06037-1616 BUSINESS PHONE: (860)665-5000 MAIL ADDRESS: STREET 1: 107 SELDEN STREET CITY: BERLIN STATE: CT ZIP: 06037 FWP 1 a19-6977_3fwp.htm FWP

 

Free Writing Prospectus

Filed pursuant to Rule 433

Registration No. 333-211062-04

 

March 25, 2019

 

The Connecticut Light and Power Company

doing business as Eversource Energy

 

Pricing Term Sheet

 

Issuer:

 

The Connecticut Light and Power Company doing business as Eversource Energy (the “Issuer”)

Security:

 

$300,000,000 4.00% First and Refunding Mortgage Bonds, 2018 Series A, due 2048 (the “Bonds”), which will be part of the same series of debt securities issued on March 28, 2018 by the Issuer in the amount of $500,000,000 (the “Existing Bonds”).

Principal Amount:

 

$300,000,000 (for an aggregate principal amount outstanding of $800,000,000, together with the Existing Bonds)

Maturity Date:

 

April 1, 2048

Coupon:

 

4.00%

Benchmark Treasury:

 

3.375% due November 15, 2048

Benchmark Treasury Price / Yield:

 

110-17 / 2.846%

Spread to Benchmark Treasury:

 

100 basis points

Re-Offer Yield:

 

3.846%

Price to Public:

 

102.652% of the principal amount

Interest Payment Dates:

 

Semi-annually on April 1 and October 1 of each year, commencing on October 1, 2019.

Optional Redemption Provisions:

 

Make-whole call at any time prior to October 1, 2047 at a discount rate of Treasury plus 15 basis points and on or after such date at par

Trade Date:

 

March 25, 2019

Settlement Date**:

 

April 1, 2019 (T+5)

Qualified Reopening:

 

The offering of the Bonds is expected to qualify as a “qualified reopening” of the Existing Bonds under the United States Treasury Regulations. See “Certain United States Federal Income Tax Consequences” in the Preliminary Prospectus Supplement dated March 25, 2019.

CUSIP / ISIN:

 

207597 EL5 / US207597EL50

Ratings*:

 

A1 (Moody’s); AA- (S&P); A+ (Fitch)

Joint Book-Running Managers:

 

J.P. Morgan Securities LLC

 

 

Mizuho Securities USA LLC

 

 

MUFG Securities Americas Inc.

 

 

 

 

Wells Fargo Securities, LLC

Co-Manager:

 

Samuel A. Ramirez & Company, Inc.

 

* 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.

 

** Pursuant to Rule 15c6-1 under the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in two business days, unless the parties to any such trade expressly agree otherwise.  Accordingly, purchasers who wish to trade bonds in the secondary market prior to the date that is two business days before the settlement date will be required, by virtue of the fact that the bonds initially will settle T+5 (on April 1, 2019) to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement.  Purchasers of bonds who wish to trade bonds prior to the date that is two business days before the settlement date should consult their own advisors.

 

The issuer has filed a registration statement (including a prospectus, as supplemented) with the SEC for the offering to which this communication relates.  Before you invest, you should read the prospectus (as supplemented) 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 (as supplemented) if you request it by calling J.P. Morgan Securities LLC collect at 1-212-834-4533; Mizuho Securities USA LLC toll-free at (866) 271-7403; MUFG Securities Americas Inc. toll-free at (877) 649-6848; or by calling Wells Fargo Securities, LLC toll-free at (800) 645-3751.