Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
June 26 2023 - 4:08PM
Edgar (US Regulatory)
Free Writing Prospectus
Filed pursuant to Rule 433
Registration No. 333-264278-03
June 26, 2023
The Connecticut
Light and Power Company
doing business
as Eversource Energy
|
Pricing Term Sheet |
| |
| Issuer: |
The Connecticut Light and Power Company doing business as Eversource Energy (the “Issuer”) |
| Security: |
$300,000,000 4.90% First and Refunding Mortgage Bonds, 2023 Series B, due 2033 |
| Principal Amount: |
$300,000,000 |
| Maturity Date: |
July 1, 2033 |
| Coupon: |
4.90% |
| Benchmark Treasury: |
3.375% due May 15, 2033 |
| Benchmark Treasury Price / Yield: |
97-04 / 3.725% |
| Spread to Benchmark Treasury: |
120 basis points |
| Re-Offer Yield: |
4.925% |
| Price to Public: |
99.805% of the principal amount |
| Interest Payment Dates: |
Semi-annually in arrears on January 1 and July 1 of each year, commencing on January 1, 2024 |
| Optional Redemption Provisions: |
Make-whole call at any time prior to April 1, 2033 (3 months 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: |
June 26, 2023 |
| Settlement Date*: |
July 6, 2023 (T+7) |
| CUSIP / ISIN: |
207597 EQ4 / US207597EQ48 |
| Ratings**: |
A1 (Moody’s); A+ (S&P); A+ (Fitch) |
| Joint Book-Running Managers: |
J.P. Morgan Securities LLC |
| |
MUFG Securities Americas Inc.
Wells Fargo Securities, LLC |
| Co-Manager: |
Samuel A. Ramirez & Company, Inc. |
| |
|
* 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 the 2023 Series B 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 2023 Series B Bonds will initially
settle T+7 (on July 6, 2023) to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers
of 2023 Series B Bonds who wish to trade 2023 Series B 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 J.P. Morgan Securities LLC collect at (212) 834-4533; MUFG Securities Americas Inc. toll-free at (877) 649-6848;
or Wells Fargo Securities, LLC toll-free at (800) 645-3751.
Connecticut Light and Po... (PK) (USOTC:CNPWP)
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