FWP 1 a19-9766_3fwp.htm FWP

 

Free Writing Prospectus

Filed pursuant to Rule 433

Registration No. 333-231118-02

 

May 14, 2019

 

NSTAR Electric Company

doing business as Eversource Energy

 

Pricing Term Sheet

 

Issuer:

 

NSTAR Electric Company doing business as Eversource Energy

Ratings*:

 

A2 (Moody’s); A+ (S&P); A+ (Fitch)

Trade Date:

 

May 14, 2019

Settlement Date:

 

May 17, 2019 (T+3)

Security:

 

$400,000,000 3.25% Debentures due 2029

Maturity Date:

 

May 15, 2029

Interest Payment Dates:

 

Semi-annually May 15 and November 15, commencing November 15, 2019

Principal Amount:

 

$400,000,000

Coupon:

 

3.25%

Benchmark Treasury:

 

2.375% due May 15, 2029

Benchmark Treasury Price / Yield:

 

99-17+ / 2.426%

Spread to Benchmark Treasury:

 

85 basis points

Yield to Maturity:

 

3.276%

Price to Public:

 

99.780%

Optional Redemption Provisions:

 

Make-whole call at any time prior to February 15, 2029 at a discount rate of Treasury plus 15 basis points and on or after such date at par

CUSIP / ISIN:

 

67021C AN7 / US67021CAN74

Joint Book-Running Managers:

 

Barclays Capital Inc.
BofA Securities, Inc.
Citigroup Global Markets Inc.
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.

 

** 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 Securities 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 Securities initially will settle T+3 (on May 17, 2019) to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement.

 

 

Purchasers of Securities who wish to trade Securities prior to the date that is two business days before the settlement date should consult their own advisors.

 

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; BofA Securities, Inc. toll-free at (800) 294-1322; Citigroup Global Markets Inc. toll-free at (800) 831-9146; or TD Securities (USA) LLC toll-free at (855) 495-9846.