0001104659-17-060268.txt : 20171002 0001104659-17-060268.hdr.sgml : 20171002 20171002172535 ACCESSION NUMBER: 0001104659-17-060268 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20171002 DATE AS OF CHANGE: 20171002 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: EVERSOURCE ENERGY CENTRAL INDEX KEY: 0000072741 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 042147929 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-211062 FILM NUMBER: 171115441 BUSINESS ADDRESS: STREET 1: 300 CADWELL DRIVE CITY: SPRINGFIELD STATE: MA ZIP: 01104 BUSINESS PHONE: 8606655000 MAIL ADDRESS: STREET 1: 107 SELDEN ST CITY: BERLIN STATE: CT ZIP: 06037-1616 FORMER COMPANY: FORMER CONFORMED NAME: NORTHEAST UTILITIES DATE OF NAME CHANGE: 20041201 FORMER COMPANY: FORMER CONFORMED NAME: NORTHEAST UTILITIES SYSTEM DATE OF NAME CHANGE: 19961121 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: EVERSOURCE ENERGY CENTRAL INDEX KEY: 0000072741 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 042147929 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 300 CADWELL DRIVE CITY: SPRINGFIELD STATE: MA ZIP: 01104 BUSINESS PHONE: 8606655000 MAIL ADDRESS: STREET 1: 107 SELDEN ST CITY: BERLIN STATE: CT ZIP: 06037-1616 FORMER COMPANY: FORMER CONFORMED NAME: NORTHEAST UTILITIES DATE OF NAME CHANGE: 20041201 FORMER COMPANY: FORMER CONFORMED NAME: NORTHEAST UTILITIES SYSTEM DATE OF NAME CHANGE: 19961121 FWP 1 a17-22505_3fwp.htm FWP

 

Free Writing Prospectus

Filed pursuant to Rule 433

Registration No. 333-211062

 

October 2, 2017

 

EVERSOURCE ENERGY

 

Pricing Term Sheet

 

Issuer:

 

Eversource Energy

Security:

 

2.75% Senior Notes, Series K, due 2022 (the “Notes”), which will be part of the same series of debt securities issued on March 10, 2017 by the Issuer in the amount of $300,000,000 (the “Existing Notes”)

Principal Amount:

 

$450,000,000 (for an aggregate principal amount outstanding of $750,000,000, together with the Existing Notes)

Maturity Date:

 

March 15, 2022

Coupon:

 

2.75%

Benchmark Treasury:

 

1.875% due September 30, 2022

Benchmark Treasury Price / Yield:

 

99-23+ / 1.931%

Spread to Benchmark Treasury:

 

57 basis points

Yield to Maturity:

 

2.501%

Price to Public:

 

101.023% of the principal amount, plus accrued interest from September 15, 2017

Accrued Interest:

 

$687,500.00

Interest Payment Dates:

 

Semi-annually on March 15 and September 15 of each year, commencing on March 15, 2018. The interest payment on March 15, 2018 will include accrued interest from September 15, 2017.

Redemption Provisions:

 

Make-whole call at any time prior to February 15, 2022 (one month prior to the Maturity Date) at a discount rate of Treasury plus 15 basis points and on or after such date at par

Trade Date:

 

October 2, 2017

Settlement Date*:

 

October 5, 2017 (T+3)

Qualified Reopening:

 

The offering of the Notes is expected to qualify as a “qualified reopening” of the Existing Notes under the United States Treasury Regulations. See “Certain United States Federal Income Tax Consequences” in the Preliminary Prospectus Supplement dated October 2, 2017.

Concurrent Debt Offering:

 

The Issuer is also offering $450,000,000 of its 2.90% Senior Notes, Series L, Due 2024.

CUSIP / ISIN:

 

30040W AC2 / US30040WAC29

 


 

Ratings**:

 

Baa1 (Moody’s); A- (S&P); BBB+ (Fitch)

Global Coordinators:

 

Barclays Capital Inc.
Merrill Lynch, Pierce, Fenner & Smith

Incorporated

MUFG Securities Americas Inc.

Joint Book-Running Managers:

 

Goldman Sachs & Co. LLC
J.P. Morgan Securities LLC

 

 

PNC Capital Markets LLC

 

 

U.S. Bancorp Investments, Inc.

Co-Managers:

 

Samuel A. Ramirez & Company, Inc.
The Williams Capital Group, L.P.

 

* 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 notes 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 notes initially will settle T+3 (on October 5, 2017) to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement.  Purchasers of notes who wish to trade notes prior to the date that is two business days before the settlement date should consult their own advisors.

 

** 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 (888) 603-5847; Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at (800) 294-1322; or MUFG Securities Americas Inc. toll-free at (877) 649-6848.