Free Writing Prospectus

Filed pursuant to Rule 433

Registration No.  333-211062

 

December 10, 2018

 

EVERSOURCE ENERGY

 

Pricing Term Sheet

 

Issuer:

 

Eversource Energy

Security:

 

$500,000,000 4.25% Senior Notes, Series O, Due 2029 (the “ Notes ”)

Principal Amount:

 

$500,000,000

Maturity Date:

 

April 1, 2029

Coupon:

 

4.25%

Benchmark Treasury:

 

3.125% due November 15, 2028

Benchmark Treasury Price / Yield:

 

102-07+ / 2.865%

Spread to Benchmark Treasury:

 

147 basis points

Yield to Maturity:

 

4.335%

Price to Public:

 

99.305% of the principal amount

Interest Payment Dates:

 

Semi-annually on April 1 and October 1 of each year, commencing on April 1, 2019

Redemption Provisions:

 

Make-whole call at any time prior to January 1, 2029 (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:

 

December 10, 2018

Settlement Date*:

 

December 13, 2018 (T+3)

Concurrent Debt Offering:

 

The Issuer is also offering $400,000,000 of its 3.80% Senior Notes, Series N, Due 2023

CUSIP / ISIN:

 

30040W AF5 / US30040WAF59

Ratings**:

 

Baal (Moody’s); A (S&P); BBB+ (Fitch)

Joint Book-Running Managers:

 

Barclays Capital Inc.

 

 

Goldman Sachs & Co. LLC

 

 

PNC Capital Markets LLC

 

 

RBC Capital Markets, LLC

 

 

TD Securities (USA) LLC

 

 

BNY Mellon Capital Markets, LLC

 

 

U.S. Bancorp Investments, Inc.

Co-Manager:

 

The Williams Capital Group, L.P.

 

* 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 December 13, 2018) 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 Barclays Capital Inc. toll-free at (888) 603-5847, Goldman Sachs & Co. LLC toll-free at (866) 471-2526, PNC Capital Markets LLC toll-free at (855) 881-0697, RBC Capital Markets, LLC toll-free at (866) 375-6829, or TD Securities (USA) LLC toll-free at (855) 495-9846.

 

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