Regulatory Filings • Jun 22, 2022
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Download Source FileFWP 1 tm2218819d3_fwp.htm FWP
Free Writing Prospectus
Filed pursuant to Rule 433
Registration No. 333-264278
June 22, 2022
EVERSOURCE ENERGY
| Pricing Term Sheet | |
|---|---|
| Issuer: | Eversource Energy |
| Security: | $600,000,000 4.60% Senior Notes, Series Y, Due 2027 |
| Principal Amount: | $600,000,000 |
| Maturity Date: | July 1, 2027 |
| Coupon: | 4.60% |
| Benchmark Treasury: | 2.625% due May 31, 2027 |
| Benchmark Treasury Price / Yield: | 97-08 ¾ / 3.227% |
| Spread to Benchmark Treasury: | 140 basis points |
| Yield to Maturity: | 4.627% |
| Price to Public: | 99.880% of the principal amount |
| Interest Payment Dates: | Semi-annually on January 1 and July 1 of each year, commencing |
| on January 1, 2023 | |
| Redemption Provisions: | Make-whole call at any time prior to June 1, 2027 (one month months prior |
| to the Maturity Date) at a discount rate of Treasury plus 25 basis points and on or after such date at par | |
| Trade Date: | June 22, 2022 |
| Settlement Date*: | June 27, 2022 (T+3) |
| CUSIP / ISIN: | 30040W AR9 / US30040WAR97 |
| Expected Ratings**: | Baa1 (Moody’s); BBB+ (S&P); BBB+ (Fitch) |
| Joint Book-Running Managers: | Barclays Capital Inc. Citigroup Global Markets Inc. Mizuho Securities USA LLC MUFG Securities Americas Inc. TD Securities (USA) LLC Wells Fargo Securities, LLC KeyBanc Capital Markets Inc. PNC Capital Markets LLC RBC Capital Markets, LLC |
| Co-Managers: | Samuel A. Ramirez & |
| Company, Inc. Siebert Williams Shank & | |
| Co., LLC |
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** 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; Mizuho Securities USA LLC toll-free at (866) 271-7403; MUFG Securities Americas Inc. toll-free at (877) 649-6848; TD Securities (USA) LLC toll-free at (855) 495-9846; or Wells Fargo Securities, LLC toll-free at (800) 645-3751.
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