Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses
August 06 2024 - 4:07PM
Edgar (US Regulatory)
Free Writing Prospectus
Filed pursuant to Rule 433
Registration No. 333-264278-03
August 6, 2024
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 |
| Security: |
$300,000,000 4.95% First and Refunding Mortgage Bonds,
2024 Series B, due 2034 |
| Principal Amount: |
$300,000,000 |
| Maturity Date: |
August 15, 2034 |
| Coupon: |
4.95% |
| Benchmark Treasury: |
4.375% due May 15, 2034 |
| Benchmark Treasury Price / Yield: |
103-24+ / 3.907% |
| Spread to Benchmark Treasury: |
110 basis points |
| Yield to Maturity: |
5.007% |
| Price to Public: |
99.555% of the principal amount |
| Interest Payment Dates: |
Semi-annually in arrears on February 15 and August 15
of each year, commencing on February 15, 2025 |
| Optional Redemption Provisions: |
Make-whole call at any time prior to May 15, 2034
(three 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: |
August 6, 2024 |
| Settlement Date*: |
August 13, 2024 (T+5) |
| CUSIP / ISIN: |
207597 ES0 / US207597ES04 |
| Expected Ratings**: |
A1 (Moody’s); A+ (S&P); A+ (Fitch) |
| Joint Book-Running Managers: |
Barclays Capital Inc. |
| |
Goldman Sachs & Co. LLC
KeyBanc Capital Markets Inc. |
| 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 one business day, unless the parties to any such
trade expressly agree otherwise. Accordingly, purchasers who wish to trade the 2024 Series B Bonds in the secondary market prior
to the date that is one business day before the settlement date will be required, by virtue of the fact that the 2024 Series B Bonds
will initially settle T+5 (on August 13, 2024) to specify an alternate settlement cycle at the time of any such trade to prevent
a failed settlement. Purchasers of 2024 Series B Bonds who wish to trade 2024 Series B Bonds prior to the date that is one
business day 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; or KeyBanc Capital Markets Inc. at (866) 277-6479.
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