FWP 1 tm218767d3_fwp.htm FWP

 

Free Writing Prospectus

Filed pursuant to Rule 433

Registration No. 333-231118

 

March 8, 2021

 

EVERSOURCE ENERGY

 

Pricing Term Sheet  

 

Issuer: Eversource Energy

Security:

 $350,000,000 2.55% Senior Notes, Series S, Due 2031
Principal Amount: $350,000,000
Maturity Date: March 15, 2031
Coupon: 2.55%
Benchmark Treasury: 1.125% due February 15, 2031
Benchmark Treasury Price / Yield: 95-22+ / 1.594%  
Spread to Benchmark Treasury: 100 basis points
Yield to Maturity: 2.594%
Price to Public: 99.614% of the principal amount
Interest Payment Dates: Semi-annually on March 15 and September 15 of each year, commencing on September 15, 2021  

Redemption Provisions:

 

 Make-whole call at any time prior to December 15, 2030 (three months prior to the Maturity Date) at a discount rate of Treasury plus 15 basis points and on or after such date at par
Trade Date: March 8, 2021
Settlement Date*: March 11, 2021 (T+3)
CUSIP / ISIN: 30040W AL2 / US30040WAL28
Ratings**: Baa1 (Moody’s); BBB+ (S&P); BBB+ (Fitch)

Joint Book-Running Managers:

 

 

 

BofA Securities, Inc.

Citigroup Global Markets Inc.

TD Securities (USA) LLC

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 March 11, 2021) 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 contacting BofA Securities, Inc. toll-free at (800) 294-1322 or by email at dg.prospectus_requests@bofa.com; Citigroup Global Markets Inc. toll-free at (800) 831-9146; TD Securities (USA) LLC toll-free at (855) 495-9846; or Wells Fargo Securities, LLC toll-free at (800) 645-3751.