Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
May 24 2021 - 4:36PM
Edgar (US Regulatory)
Free Writing Prospectus
Filed pursuant to Rule 433
Registration No. 333-231118-02
May 24, 2021
NSTAR Electric
Company
doing business
as Eversource Energy
Pricing Term Sheet
|
Issuer:
|
NSTAR Electric Company doing business as Eversource Energy
|
Expected Ratings*:
|
A1 (Moody’s); A (S&P); A+ (Fitch)
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Trade Date:
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May 24, 2021
|
Settlement Date**:
|
May 27, 2021 (T+3)
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Security:
|
$300,000,000 3.10% Debentures due 2051
|
Maturity Date:
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June 1, 2051
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Interest Payment Dates:
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Semi-annually June 1 and December 1, commencing December 1, 2021
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Principal Amount:
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$300,000,000
|
Coupon:
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3.10%
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Benchmark Treasury:
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1.875% due February 15, 2051
|
Benchmark Treasury Price / Yield:
|
90-17 / 2.317%
|
Spread to Benchmark Treasury:
|
83 basis points
|
Yield to Maturity:
|
3.147%
|
Price to Public:
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99.091%
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Optional Redemption Provisions:
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Make-whole call at any time prior to December 1, 2050 at a discount rate of Treasury plus 15 basis points and on or after such date at par
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CUSIP / ISIN:
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67021C AQ0 / US67021CAQ06
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Joint Book-Running Managers:
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Barclays Capital Inc.
MUFG Securities Americas Inc.
PNC Capital Markets LLC
RBC Capital Markets, LLC
|
Co-Manager:
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Samuel A. Ramirez & Company, Inc.
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* 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 27, 2021) 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;
MUFG Securities Americas Inc. toll-free at (877) 649-6848; PNC Capital Markets LLC toll-free at (855) 881-0697; or RBC Capital Markets,
LLC toll-free at (866) 375-6829.
NSTAR Electric (PK) (USOTC:NSARO)
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