FWP 1 a18-8007_3fwp.htm FWP

 

Free Writing Prospectus

Filed pursuant to Rule 433

Registration No. 333-211062-04

 

March 19, 2018

 

The Connecticut Light and Power Company

doing business as Eversource Energy

 

Pricing Term Sheet

 

Issuer:

 

The Connecticut Light and Power Company doing business as Eversource Energy

Security:

 

$500,000,000 4.00% First and Refunding Mortgage Bonds, 2018 Series A, due 2048

Principal Amount:

 

$500,000,000

Maturity Date:

 

April 1, 2048

Coupon:

 

4.00%

Benchmark Treasury:

 

2.75% due November 15, 2047

Benchmark Treasury Price / Yield:

 

93-17+ / 3.084%

Spread to Benchmark Treasury:

 

93 basis points

Yield to Maturity:

 

4.014%

Price to Public:

 

99.757% of the principal amount

Interest Payment Dates:

 

Semi-annually on April 1 and October 1 of each year, commencing on October 1, 2018.

Optional Redemption Provisions:

 

Make-whole call at any time prior to October 1, 2047 at a discount rate of Treasury plus 15 basis points and on or after such date at par

Trade Date:

 

March 19, 2018

Settlement Date**:

 

March 28, 2018 (T+7)

CUSIP / ISIN:

 

207597 EL5 / US207597EL50

Ratings*:

 

A2 (Moody’s); AA- (S&P); A+ (Fitch)

Joint Book-Running Managers:

 

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

                   Incorporated
Mizuho Securities USA LLC
MUFG Securities Americas Inc.

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 bonds prior to the date that is two business days before the settlement date will be required, by virtue of the fact that the bonds initially will settle T+7 (on March 28, 2018) to specify an alternate settlement

 


 

cycle at the time of any such trade to prevent a failed settlement.  Purchasers of bonds who wish to trade bonds 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) 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; Mizuho Securities USA LLC toll-free at (866) 271-7403; or MUFG Securities Americas Inc. toll-free at (877) 649-6848.