0001193125-14-080292.txt : 20140303 0001193125-14-080292.hdr.sgml : 20140303 20140303163057 ACCESSION NUMBER: 0001193125-14-080292 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20140303 DATE AS OF CHANGE: 20140303 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CONSOLIDATED EDISON CO OF NEW YORK INC CENTRAL INDEX KEY: 0000023632 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 135009340 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-183035 FILM NUMBER: 14660717 BUSINESS ADDRESS: STREET 1: 4 IRVING PL CITY: NEW YORK STATE: NY ZIP: 10003 BUSINESS PHONE: 2124604600 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CONSOLIDATED EDISON CO OF NEW YORK INC CENTRAL INDEX KEY: 0000023632 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 135009340 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 4 IRVING PL CITY: NEW YORK STATE: NY ZIP: 10003 BUSINESS PHONE: 2124604600 FWP 1 d686957dfwp.htm PRICING TERM SHEET Pricing Term Sheet

Filed Pursuant to Rule 433

Registration Statement No. 333-183035

March 3, 2014

PRICING TERM SHEET FOR THE 4.45% DEBENTURES, SERIES 2014 A

 

Issuer:    Consolidated Edison Company of New York, Inc.
Anticipated Ratings (Moody’s; S&P; Fitch)*:    A2 (Stable); A- (Stable); A- (Stable)
Issue of Securities:    4.45% Debentures, Series 2014 A due 2044
Principal Amount:    $850,000,000
Interest Rate:    4.45% per annum
Interest Payment Dates:    March 15 and September 15, commencing on September 15, 2014
Maturity:    March 15, 2044
Treasury Benchmark:    3.750% due November 15, 2043
US Treasury Yield:    3.555%
Spread to Treasury:    +90 basis points
Re-offer Yield:    4.455%
Public Offering Price:    99.916%
Optional Redemption:    Make Whole call at any time prior to September 15, 2043 at Treasury Rate +15 basis points
   Callable on or after September 15, 2043 at par
Pricing Date:    March 3, 2014
Settlement Date:    March 6, 2014 (T+3)
CUSIP:    209111 FD0
Joint Book-Running Managers:   

Barclays Capital Inc.

Merrill Lynch, Pierce, Fenner & Smith

                    Incorporated

Morgan Stanley & Co. LLC

Scotia Capital (USA) Inc.

Wells Fargo Securities, LLC

Co-Managers:   

U.S. Bancorp Investments, Inc.

Loop Capital Markets LLC

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.

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 Barclays Capital Inc. toll free at 1-888-603-5847, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-800-294-1322 or Morgan Stanley & Co. LLC toll-free at 1-866-718-1649.