Free Writing Prospectus

Filed pursuant to Rule 433

Registration No. 333-211062

 

October 2, 2017

 

EVERSOURCE ENERGY

 

Pricing Term Sheet

 

Issuer:

 

Eversource Energy

Security:

 

2.90% Senior Notes, Series L, due 2024

Principal Amount:

 

$450,000,000

Maturity Date:

 

October 1, 2024

Coupon:

 

2.90%

Benchmark Treasury:

 

2.125% due September 30, 2024

Benchmark Treasury Price / Yield:

 

99-23+ / 2.166%

Spread to Benchmark Treasury:

 

77 basis points

Yield to Maturity:

 

2.936%

Price to Public:

 

99.774% of the principal amount

Interest Payment Dates:

 

Semi-annually on April 1 and October 1 of each year, commencing on April 1, 2018.

Redemption Provisions:

 

 

Make-whole call at any time prior to August 1, 2024 (two months prior to the Maturity Date) at a discount rate of Treasury plus 12.5 basis points and on or after such date at par

Trade Date:

 

October 2, 2017

Settlement Date*:

Concurrent Debt Offering:

 

October 5, 2017 (T+3)

The Issuer is also issuing $450,000,000 of its 2.75% Senior Notes, Series K, Due 2022

CUSIP / ISIN:

 

30040W AD0 / US30040WAD02

Ratings**:

 

Baa1 (Moody’s); A- (S&P); BBB+ (Fitch)

Global Coordinators:

 

Barclays Capital Inc.

Merrill Lynch, Pierce Fenner & Smith

Incorporated

MUFG Securities Americas Inc.

Joint Book-Running Managers:

 

Citigroup Global Markets Inc.

Mizuho Securities USA LLC

TD Securities (USA) LLC

 

 

Wells Fargo Securities, LLC

Co-Managers:

 

Samuel A. Ramirez & Company, Inc.

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 October 5, 2017) 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) with the SEC for the offering to which this communication relates.  Before you invest, you should read the prospectus 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 if you request it by calling Barclays Capital Inc. toll-free at (888) 603-5847; Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at (800) 294-1322; or MUFG Securities Americas Inc. toll-free at (877) 649-6848.