EVERSOURCE ENERGY

Regulatory Filings • Apr 15, 2024

FWP 1 tm2411591d2_fwp.htm FWP

Free Writing Prospectus

Filed pursuant to Rule 433

Registration No. 333-264278

April 15, 2024

EVERSOURCE ENERGY

| Pricing
Term Sheet | |
| --- | --- |
| Issuer: | Eversource Energy |
| Security: | $700,000,000 5.85% Senior Notes, Series FF, Due 2031 |
| Principal Amount: | $700,000,000 |
| Maturity Date: | April 15, 2031 |
| Coupon: | 5.85% |
| Benchmark Treasury: | 4.125% due March 31, 2031 |
| Benchmark Treasury Price / Yield: | 96-28+ / 4.653% |
| Spread to Benchmark Treasury: | 120 basis points |
| Yield to Maturity: | 5.853% |
| Price to Public: | 99.984% of the principal amount |
| Interest Payment Dates: | Semi-annually in arrears on April 15 and October 15 of each year, commencing on October 15, 2024 |
| Optional Redemption Provisions: | Make-whole call at any time prior to February 15, 2031 (two 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: | April 15, 2024 |
| Settlement Date: | April 18, 2024 (T+3) |
| CUSIP / ISIN: | 30040WBA5 / US30040WBA53 |
| Expected Ratings*: | Baa2 (Moody’s); BBB+ (S&P); BBB (Fitch) |
| Joint Book-Running Managers: | Citigroup Global Markets Inc. |
| | J.P. Morgan Securities LLC |
| | Morgan Stanley & Co. LLC |
| | MUFG Securities Americas Inc. |
| | TD Securities (USA) LLC |
| | U.S. Bancorp Investments, 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 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 April 18, 2024) 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.

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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 Citigroup Global Markets Inc. toll-free at (800) 831-9146; J.P. Morgan Securities LLC collect at (212) 834-4533; Morgan Stanley & Co. LLC toll-free at (866) 718-1649 ; MUFG Securities Americas Inc. toll-free at (877) 649-6848; TD Securities (USA) LLC toll-free at (855) 495-9846; or U.S. Bancorp Investments, Inc. toll-free at (877) 558-2607.

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