Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
November 16 2020 - 5:13PM
Edgar (US Regulatory)
Free
Writing Prospectus
Filed
pursuant to Rule 433
Registration
No. 333-231118-01
November 16,
2020
The
Connecticut Light and Power Company
doing
business as Eversource Energy
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Pricing
Term Sheet
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Issuer:
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The
Connecticut Light and Power Company doing business as Eversource Energy (the “Issuer”)
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Security:
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$400,000,000
0.75% First and Refunding Mortgage Bonds, 2020 Series A, due 2025
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Principal
Amount:
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$400,000,000
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Maturity
Date:
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December 1,
2025
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Coupon:
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0.75%
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Benchmark
Treasury:
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0.25%
due October 31, 2025
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Benchmark
Treasury Price / Yield:
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99-07.25
/ 0.408%
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Spread
to Benchmark Treasury:
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35
basis points
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Re-Offer
Yield:
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0.758%
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Price
to Public:
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99.961%
of the principal amount plus accrued interest from December 1, 2020
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Interest
Payment Dates:
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Semi-annually
on June 1 and December 1 of each year, commencing on June 1, 2021
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Optional
Redemption Provisions:
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Make-whole
call at any time prior to November 1, 2025 (1 month prior to the Maturity Date) at a discount rate of Treasury plus 7.5
basis points and on or after such date at par
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Trade
Date:
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November 16,
2020
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Settlement
Date*:
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December 1,
2020 (T+10)
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CUSIP
/ ISIN:
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207597
EM3 / US207597EM34
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Ratings**:
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A1
(Moody’s); A+ (S&P); A+ (Fitch)
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Joint
Book-Running Managers:
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Barclays
Capital Inc.
J.P.
Morgan Securities LLC
Mizuho
Securities USA LLC
U.S.
Bancorp Investments, Inc.
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Co-Manager:
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Samuel
A. Ramirez & Company, Inc.
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*
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 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 bonds initially will settle T+10 (on December 1, 2020) 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.
**
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; J.P. Morgan Securities LLC collect at 1-212-834-4533; Mizuho Securities USA
LLC toll-free at (866) 271-7403; or U.S. Bancorp Investments, Inc. toll-free at 1-877-558-2607.
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