0001104659-24-047326.txt : 20240415 0001104659-24-047326.hdr.sgml : 20240415 20240415165547 ACCESSION NUMBER: 0001104659-24-047326 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240415 DATE AS OF CHANGE: 20240415 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: EVERSOURCE ENERGY CENTRAL INDEX KEY: 0000072741 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 042147929 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-264278 FILM NUMBER: 24845264 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] ORGANIZATION NAME: 01 Energy & Transportation 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 tm2411591d3_fwp.htm FWP

 

Free Writing Prospectus

Filed pursuant to Rule 433

Registration No. 333-264278

 

April 15, 2024

 

EVERSOURCE ENERGY

 

Pricing Term Sheet 

 
Issuer: Eversource Energy
Security: $700,000,000 5.95% Senior Notes, Series GG, Due 2034
Principal Amount: $700,000,000
Maturity Date: July 15, 2034
Coupon: 5.95%
Benchmark Treasury: 4.000% due February 15, 2034
Benchmark Treasury Price / Yield: 95-00 / 4.638%
Spread to Benchmark Treasury: 135 basis points
Yield to Maturity: 5.988%
Price to Public: 99.723% of the principal amount
Interest Payment Dates: Semi-annually in arrears on January 15 and July 15 of each year, commencing on July 15, 2024  

Optional Redemption Provisions:

Make-whole call at any time prior to April 15, 2034 (three months prior to the Maturity Date) at a discount rate of Treasury plus 25 basis points and on or after such date at par
Trade Date: April 15, 2024
Settlement Date*: April 18, 2024 (T+3)
CUSIP / ISIN: 30040WAZ1 / US30040WAZ14
Expected Ratings**: Baa2 (Moody’s); BBB+ (S&P); BBB (Fitch)
Joint Book-Running Managers: Citigroup Global Markets Inc.
  J.P. Morgan Securities LLC
  Morgan Stanley & Co. LLC
  MUFG Securities Americas Inc.
  TD Securities (USA) LLC
  U.S. Bancorp Investments, Inc.
Co-Managers: Samuel A. Ramirez & Company, Inc.
Siebert Williams Shank & Co., 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 April 18, 2024) 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 Citigroup Global Markets Inc. toll-free at (800) 831-9146; J.P. Morgan Securities LLC collect at (212) 834-4533; Morgan Stanley & Co. LLC toll-free at (866) 718-1649; MUFG Securities Americas Inc. toll-free at (877) 649-6848; TD Securities (USA) LLC toll-free at (855) 495-9846; or U.S. Bancorp Investments, Inc. toll-free at (877) 558-2607.