Free Writing Prospectus
Filed pursuant to Rule 433
Registration No. 333-141425-02
August 14, 2007
Western Massachusetts Electric Company
Pricing Term Sheet
| Issuer: | Western Massachusetts Electric Company | |
Security: | $40,000,000 6.70% Senior Notes, Series D, due 2037 | |
Maturity: | August 15, 2037 | |
Coupon: | 6.70% | |
Price to Public: | 99.527% of face amount | |
Yield to Maturity: | 6.737% | |
Spread to Benchmark Treasury: | +175 basis points | |
Benchmark Treasury: | 4.75% due February 15, 2037 | |
Benchmark Treasury Price: | 96-11+ | |
Benchmark Treasury Yield: | 4.987% | |
Interest Payment Dates: | February 15 and August 15, commencing February 15, 2008 | |
Redemption Provisions: | ||
Make-whole call: | At any time at a discount rate of Treasury plus 30 basis points | |
Settlement: | August 17, 2007 | |
CUSIP: | 958587 BG1 | |
Ratings: | Baa2 by Moody’s Investors Service BBB by Standard & Poor’s Ratings Services BBB+ by Fitch Ratings | |
Sole Book-Running Manager: | Wachovia Capital Markets, LLC | |
Co-Managers: | TD Securities (USA) LLC Wells Fargo Securities, 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) 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 Wachovia Capital Markets, LLC at 866-289-1262.