Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
09 Mai 2023 - 12:02PM
Edgar (US Regulatory)
Free Writing Prospectus
Filed pursuant
to Rule 433
Registration No.
333-264278
May 8, 2023
EVERSOURCE ENERGY
Pricing Term
Sheet
|
Issuer:
|
Eversource
Energy |
Security:
|
$550,000,000
5.45% Senior Notes, Series Z, Due 2028 (the “Securities”), which will be part of the same series of debt securities
issued on March 6, 2023 by the Issuer in the amount of $750,000,000 (the “Existing Securities”) |
Principal
Amount: |
$550,000,000
(for an aggregate principal amount outstanding of $1,300,000,000, together with the Existing Securities) |
Maturity
Date: |
March
1, 2028 |
Coupon: |
5.45% |
Benchmark
Treasury: |
3.500%
due April 30, 2028 |
Benchmark
Treasury Price / Yield: |
100-00+
/ 3.496% |
Spread
to Benchmark Treasury: |
130
basis points |
Yield
to Worst: |
4.796% |
Price
to Public: |
102.732%
of the principal amount plus accrued interest from March 6, 2023 |
Accrued
Interest: |
$5,412,152.78 |
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: |
May
8, 2023 |
Settlement
Date*: |
May
11, 2023 (T+3) |
Qualified
Reopening: |
The
offering of the Securities is expected to qualify as a “qualified reopening” of the Existing Securities under the United
States Treasury Regulations. See “Certain United States Federal Income Tax Consequences” in the Preliminary Prospectus
Supplement dated May 8, 2023. |
CUSIP
/ ISIN: |
30040W
AT5 / US30040WAT53 |
Expected
Ratings**: |
Baa1
(Moody’s); BBB+ (S&P); BBB+ (Fitch) |
Global
Coordinators |
Barclays Capital Inc.
Citigroup Global Markets Inc.
Goldman Sachs & Co. LLC |
Joint
Book-Running Managers: |
BofA
Securities, Inc. |
|
BNY
Mellon Capital Markets, LLC |
|
J.P.
Morgan Securities LLC |
|
KeyBanc
Capital Markets Inc. |
|
Mizuho
Securities USA LLC |
|
Morgan
Stanley & Co. LLC |
|
MUFG
Securities Americas Inc. |
|
PNC
Capital Markets LLC |
|
RBC
Capital Markets, LLC |
|
TD
Securities (USA) LLC |
|
U.S.
Bancorp Investments, Inc. |
|
Wells
Fargo Securities, LLC |
Co-Manager: |
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 May 11, 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 Barclays Capital Inc. toll-free at (888) 603-5847; Citigroup Global
Markets Inc. toll-free at (800) 831-9146; Goldman Sachs & Co. LLC toll-free at (866) 471-2526; Mizuho Securities USA LLC toll-free
at (866) 271-7403; Morgan Stanley & Co. LLC toll-free at (866) 718-1649; RBC Capital Markets, LLC toll-free at (866) 375-6829; or
TD Securities (USA) LLC toll-free at (855) 495-9846.
Eversource Energy (NYSE:ES)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024
Eversource Energy (NYSE:ES)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024