0001193125-14-418661.txt : 20141119 0001193125-14-418661.hdr.sgml : 20141119 20141119171529 ACCESSION NUMBER: 0001193125-14-418661 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20141119 DATE AS OF CHANGE: 20141119 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: 141236606 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 d824639dfwp.htm PRICING TERM SHEET Pricing Term Sheet

Filed Pursuant to Rule 433

Registration Statement No. 333-183035

November 19, 2014

PRICING TERM SHEET FOR THE 3.30% DEBENTURES, SERIES 2014 B

 

Issuer:    Consolidated Edison Company of New York, Inc.
Anticipated Ratings (Moody’s; S&P; Fitch)*:    A2 (Stable); A- (Stable); A- (Stable)
Issue of Securities:    3.30% Debentures, Series 2014 B due 2024
Principal Amount:    $250,000,000
Interest Rate:    3.30% per annum
Interest Payment Dates:    June 1 and December 1, commencing on June 1, 2015
Maturity:    December 1, 2024
Treasury Benchmark:    2.250% due November 15, 2024
US Treasury Yield:    2.361%
Spread to Treasury:    +98 basis points
Re-offer Yield:    3.341%
Public Offering Price:    99.653%
Optional Redemption:   

Make Whole call at any time prior to September 1, 2024 at

Treasury Rate +15 basis points

 

Callable on or after September 1, 2024 at par

Pricing Date:    November 19, 2014
Settlement Date:    November 24, 2014 (T+3)
CUSIP:    209111FE8
Joint Book-Running Managers:   

J.P. Morgan Securities LLC

RBS Securities Inc.

BNY Mellon Capital Markets, LLC

Citigroup Global Markets Inc.

KeyBanc Capital Markets Inc.

Mitsubishi UFJ Securities (USA), Inc.

Mizuho Securities USA Inc.

Co-Managers:   

CIBC World Markets Corp.

TD Securities (USA) LLC

U.S. Bancorp Investments, Inc.

Samuel A. Ramirez & Company, Inc.

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 or RBS Securities Inc. toll-free at 1-866-884-2071.