Free Writing Prospectus
Filed pursuant to Rule 433
Registration No. 333-188345
March 7, 2016
EVERSOURCE ENERGY
|
Pricing Term Sheet | ||
|
| ||
|
Issuer: |
|
Eversource Energy |
|
Security: |
|
$250,000,000 Senior Notes, Series I, Due 2021 |
|
Maturity Date: |
|
March 15, 2021 |
|
Coupon: |
|
2.50% |
|
Benchmark Treasury: |
|
1.125% due February 28, 2021 |
|
Benchmark Treasury Price / Yield: |
|
98-18 / 1.425% |
|
Spread to Treasury: |
|
+112 basis points |
|
Yield to Maturity: |
|
2.545% |
|
Price to Public: |
|
99.789% |
|
Interest Payment Dates: |
|
Semi-annually on March 15 and September 15 of each year, commencing on September 15, 2016 |
|
Redemption Provisions: |
|
Make-whole call at any time prior to February 15, 2021 (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: |
|
March 7, 2016 |
|
Settlement Date: |
|
March 10, 2016 |
|
Concurrent Debt Offering: |
|
The Issuer is also offering $250,000,000 of its 3.35% Senior Notes, Series J, Due 2026. |
|
CUSIP / ISIN: |
|
30040W AA6 / US30040WAA62 |
|
Ratings*: |
|
Baa1 (Moody’s); A- (S&P); BBB+ (Fitch) |
|
Joint Book-Running Managers: |
|
Barclays Capital Inc. Merrill Lynch, Pierce, Fenner & Smith TD Securities (USA) LLC |
|
Co-Manager: |
|
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, 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 Barclays Capital Inc. toll-free at (888) 603-5847, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at (800) 294-1322, or TD Securities (USA) LLC toll-free at (855) 495-9846.