0001193125-15-375709.txt : 20151112 0001193125-15-375709.hdr.sgml : 20151112 20151112162359 ACCESSION NUMBER: 0001193125-15-375709 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20151112 DATE AS OF CHANGE: 20151112 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: 333-206177 FILM NUMBER: 151225142 BUSINESS ADDRESS: STREET 1: 4 IRVING PL CITY: NEW YORK STATE: NY ZIP: 10003 BUSINESS PHONE: 2124604600 MAIL ADDRESS: STREET 1: 4 IRVING PL CITY: NEW YORK STATE: NY ZIP: 10003 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 MAIL ADDRESS: STREET 1: 4 IRVING PL CITY: NEW YORK STATE: NY ZIP: 10003 FWP 1 d21876dfwp.htm FWP FWP

Filed Pursuant to Rule 433

Registration Statement No. 333-206177

November 12, 2015

PRICING TERM SHEET FOR THE 4.50% DEBENTURES, SERIES 2015 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:

4.50% Debentures, Series 2015 A due 2045

 

Principal Amount:

$650,000,000

 

Interest Rate:

4.50% per annum

 

Interest Payment Dates:

June 1 and December 1, commencing on June 1, 2016

 

Maturity:

December 1, 2045

 

Treasury Benchmark:

3.000% due May 15, 2045

 

US Treasury Yield:

3.106%

 

Spread to Treasury:

+140 basis points

 

Re-offer Yield:

4.506%

 

Public Offering Price:

99.900% of the principal amount

 

Optional Redemption:

Make Whole call at any time prior to June 1, 2045 at Treasury Rate +25 basis points

 

  Callable on or after June 1, 2045 at par

 

Pricing Date:

November 12, 2015

 

Settlement Date:

November 17, 2015 (T+3)

 

CUSIP:

209111FG3

 

Joint Book-Running Managers:

J.P. Morgan Securities LLC
  Merrill Lynch, Pierce, Fenner & Smith
                       Incorporated
  Wells Fargo Securities, LLC
  Mitsubishi UFJ Securities (USA), Inc.
  KeyBanc Capital Markets Inc.

 

Co-Managers:

U.S. Bancorp Investments, Inc.
  CIBC World Markets Corp.
  SMBC Nikko Securities America, 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 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 Wells Fargo Securities, LLC toll-free at 1-800-645-3751.