Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

EVERSOURCE ENERGY Capital/Financing Update 2022

Feb 22, 2022

30196_rns_2022-02-22_e019f6a1-424e-4650-a7b1-d83669e1d635.zip

Capital/Financing Update

Open in viewer

Opens in your device viewer

FWP 1 tm227039d3_fwp.htm FWP

Free Writing Prospectus

Filed pursuant to Rule 433

Registration No. 333-231118

February 22, 2022

EVERSOURCE ENERGY

Pricing Term Sheet
Issuer: Eversource Energy
Security: $650,000,000
3.375% Senior Notes, Series W, Due 2032
Principal Amount: $650,000,000
Maturity Date: March 1, 2032
Coupon: 3.375%
Benchmark Treasury: 1.875% due February 15, 2032
Benchmark Treasury Price / Yield: 99-10+ / 1.949%
Spread to Benchmark Treasury: +
145 basis points
Yield to Maturity: 3.399%
Price to Public: 99.797% of
the principal amount
Interest Payment Dates: Semi-annually on March 1 and September 1 of each year, commencing on September 1, 2022
Redemption Provisions: Make-whole
call at any time prior to December 1, 2031 (three 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: February 22, 2022
Settlement Date*: February 25, 2022 (T+3)
CUSIP / ISIN: 30040W AP3 / US30040WAP32
Expected Ratings**: Baa1 (Moody’s); BBB+ (S&P); BBB+ (Fitch)

Field: Page; Sequence: 1; Value: 10

Field: /Page

Global Coordinators: Goldman Sachs & Co. LLC
J.P. Morgan Securities LLC
Joint Book-Running Managers: Mizuho Securities USA LLC
MUFG Securities Americas Inc.
TD Securities (USA) LLC
Wells Fargo Securities, LLC
Co-Manager: 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 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 February 25, 2022) 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 Goldman Sachs & Co. LLC toll-free at (866) 471-2526; J .P. Morgan Securities LLC collect at 1-212-834-4533 ; 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.

Field: Page; Sequence: 2; Options: NewSection Last; Value: 2

  • Field: Sequence; Type: Arabic; Name: PageNo 2 Field: /Sequence -

Field: /Page