Free Writing Prospectus
Filed pursuant to Rule 433
Registration No. 333-264278
November 8, 2023
EVERSOURCE ENERGY
Pricing Term Sheet
| |
| Issuer: | Eversource Energy |
| Security: | $800,000,000 5.95% Senior Notes, Series CC, Due 2029 |
| Principal Amount: | $800,000,000 |
| Maturity Date: | February 1, 2029 |
| Coupon: | 5.95% |
| Benchmark Treasury: | 4.875% due October 31, 2028 |
| Benchmark Treasury Price / Yield: | 101-19 3/4 / 4.508% |
| Spread to Benchmark Treasury: | 147 basis points |
| Yield to Maturity: | 5.978% |
| Price to Public: | 99.887% of the principal amount |
| Interest Payment Dates: | Semi-annually on February 1 and August 1 of each year, commencing on February 1, 2024 |
Redemption Provisions:
| Make-whole call at any time prior to January 1, 2029 (one month 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: | November 8, 2023 |
| Settlement Date: | November 10, 2023 (T+2) |
| CUSIP / ISIN: | 30040WAW8 / US30040WAW82 |
| Expected Ratings*: | Baa2 (Moody’s); BBB+ (S&P); BBB+ (Fitch) |
| Joint Book-Running Managers: | Barclays Capital Inc. |
| Citigroup Global Markets Inc. | |
| J.P. Morgan Securities LLC | |
| Morgan Stanley & Co. LLC | |
| MUFG Securities Americas Inc. | |
| U.S. Bancorp Investments, Inc. | |
| Co-Managers: | Samuel A. Ramirez & Company, Inc. |
| Siebert Williams Shank & Co., LLC | |
* 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; 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; or U.S. Bancorp Investments, Inc. toll-free at (877) 558-2607.
