Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
March 01 2023 - 04:42PM
Edgar (US Regulatory)
Free Writing Prospectus
Filed pursuant to Rule 433
Registration
No. 333-264278
March 1, 2023
EVERSOURCE ENERGY
Pricing Term
Sheet |
|
Issuer: |
Eversource
Energy |
Security: |
$750,000,000
5.45% Senior Notes, Series Z, Due 2028 |
Principal
Amount: |
$750,000,000 |
Maturity
Date: |
March
1, 2028 |
Coupon: |
5.45% |
Benchmark
Treasury: |
4.000% due February 29, 2028 |
Benchmark
Treasury Price / Yield: |
98-26 / 4.266% |
Spread
to Benchmark Treasury: |
123 basis points |
Yield
to Maturity: |
5.496% |
Price
to Public: |
99.803% of the principal amount |
Interest
Payment Dates: |
Semi-annually
on March 1 and September 1 of each year, commencing on September 1,
2023 |
Redemption Provisions: |
Make-whole
call at any time prior to February 1, 2028 (one month prior to the
Maturity Date) at a discount rate of Treasury plus 20 basis points
and on or after such date at par |
Trade
Date: |
March
1, 2023 |
Settlement
Date*: |
March
6, 2023 (T+3) |
CUSIP
/ ISIN: |
30040W AT5 / US30040WAT53 |
Expected
Ratings**: |
Baa1
(Moody’s); BBB+ (S&P); BBB+ (Fitch) |
Joint Book-Running Managers: |
BofA Securities, Inc.
J.P. Morgan Securities LLC
Mizuho Securities USA LLC
Morgan Stanley & Co. LLC
U.S. Bancorp Investments, Inc.
Wells Fargo Securities, LLC |
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
March 6, 2023) 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
BofA Securities, Inc. toll-free at (800) 294-1322 or by email at
dg.prospectus_requests@bofa.com; J.P. Morgan Securities LLC
collect at
(212) 834-4533; Mizuho Securities USA LLC toll-free at (866)
271-7403; Morgan Stanley & Co. LLC toll-free at (866) 718-1649;
U.S.
Bancorp Investments, Inc. toll-free at (877)
558-2607;
or Wells Fargo Securities, LLC toll-free at (800)
645-3751.
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