0001104659-22-025700.txt : 20220222 0001104659-22-025700.hdr.sgml : 20220222 20220222165939 ACCESSION NUMBER: 0001104659-22-025700 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20220222 DATE AS OF CHANGE: 20220222 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: 333-231118 FILM NUMBER: 22659115 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 tm227039d2_fwp.htm FWP

 

Free Writing Prospectus

Filed pursuant to Rule 433

Registration No. 333-231118

 

February 22, 2022

 

EVERSOURCE ENERGY

 

Pricing Term Sheet

 

Issuer: Eversource Energy
   
Security: $650,000,000 2.90% Senior Notes, Series V, Due 2027
   
Principal Amount: $650,000,000
   
Maturity Date: March 1, 2027
   
Coupon: 2.90%
   
Benchmark Treasury: 1.500% due January 31, 2027
   
Benchmark Treasury Price / Yield: 98-08 ¼ / 1.871%
   
Spread to Benchmark Treasury: + 105 basis points
   
Yield to Maturity: 2.921%
   
Price to Public: 99.902% of the principal amount
   
Interest Payment Dates: Semi-annually on March 1 and September 1 of each year, commencing on September 1, 2022
   

Redemption Provisions:

 

Make-whole call at any time prior to February 1, 2027 (one month prior to the Maturity Date) at a discount rate of Treasury plus 20 basis points and on or after such date at par
   
Trade Date: February 22, 2022
   
Settlement Date*: February 25, 2022 (T+3)
   
CUSIP / ISIN: 30040W AQ1 / US30040WAQ15
   
Expected Ratings**: Baa1 (Moody’s); BBB+ (S&P); BBB+ (Fitch)
   

 

 

 

Global Coordinators: Goldman Sachs & Co. LLC
   
  J.P. Morgan Securities LLC
   

Joint Book-Running Managers:

 

Citigroup Global Markets Inc.

 

Morgan Stanley & Co. LLC

PNC Capital Markets LLC

 

RBC Capital Markets, LLC

   
Co-Manager:

Samuel A. Ramirez & Company, Inc.

 

WR Securities, LLC

 

* 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 February 25, 2022) 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, 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 Goldman Sachs & Co. LLC toll-free at (866) 471-2526; J.P. Morgan Securities LLC collect at 1-212-834-4533; Citigroup Global Markets Inc. toll-free at (800) 831-9146; Morgan Stanley & Co. LLC toll-free at (866) 718-1649; PNC Capital Markets LLC toll-free at (855) 881-0697; or RBC Capital Markets, LLC toll-free at (866) 375-6829.

 

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