Free Writing Prospectus
Filed Pursuant to Rule 433
Registration No. 333-165579-01
Western Massachusetts Electric Company
September 13, 2011
Pricing Term Sheet
Issuer: | Western Massachusetts Electric Company |
Security: | $100,000,000 3.50% Senior Notes, Series F, due 2021 |
Maturity: | September 15, 2021 |
Coupon: | 3.50% |
Price to Public: | 99.092% of face amount |
Yield to Maturity: | 3.609% |
Spread to Benchmark Treasury: | + 162.5 basis points |
Benchmark Treasury: | 2.125% due August 15, 2021 |
Benchmark Treasury Rate: | 101-08+ |
Benchmark Treasury Yield: | 1.984% |
Interest Payment Dates: | March 15 and September 15, commencing March 15, 2012 |
Redemption Provisions: |
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Make-whole call: | Make-whole call at any time prior to June 15, 2021 at a discount rate of Treasury plus 25 basis points and, thereafter at par |
Settlement: | September 16, 2011 |
CUSIP: | 958587 BJ5 |
Ratings: | Baa2 (Moody’s); BBB+ (S&P); BBB+ (Fitch) |
Joint Book-Running Managers: | Credit Suisse Securities (USA) LLC |
| Goldman, Sachs & Co. |
Co-Manager: | Mitsubishi UFJ Securities (USA), Inc. |
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) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus 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 if you request it by calling Credit Suisse Securities (USA) LLC toll-free at 1-800-221-1037 or Goldman, Sachs & Co. toll-free at 1-866-471-2526.