Free Writing Prospectus
Filed pursuant to Rule 433
Registration No. 333-188345-03
November 13, 2015
NSTAR Electric Company
doing business as Eversource Energy
Pricing Term Sheet
Issuer: |
| NSTAR Electric Company doing business as Eversource Energy |
Ratings*: |
| A2 (Moody’s); A (S&P); A+ (Fitch) |
Trade Date: |
| November 13, 2015 |
Settlement Date: |
| November 18, 2015 |
Security: |
| $250,000,000 3.25% Debentures due 2025 |
Maturity Date: |
| November 15, 2025 |
Interest Payment Dates: |
| May 15 and November 15, commencing May 15, 2016 |
Principal Amount: |
| $250,000,000 |
Coupon: |
| 3.25% |
Benchmark Treasury: |
| 2.00% due August 15, 2025 |
Benchmark Treasury Price / Yield: |
| 97-16 ¼ / 2.287% |
Spread to Benchmark Treasury: |
| +102 basis points |
Yield to Maturity: |
| 3.307% |
Price to Public: |
| 99.519% |
Optional Redemption Provisions: |
| Make-whole call at any time prior to August 15, 2025 at a discount rate of Treasury plus 15 basis points On or after August 15, 2025, at par |
CUSIP / ISIN: |
| 67021C AK3 / US67021CAK26 |
Joint Book-Running Managers: |
| Goldman, Sachs & Co. Merrill Lynch, Pierce, Fenner & Smith Incorporated Mizuho Securities USA Inc. |
Co-Managers: |
| Samuel A. Ramirez & Company, 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 Goldman, Sachs & Co. collect at (866) 471-2526 or by emailing prospectus-ny@ny.email.gs.com; calling Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at (800) 294-1322 or by emailing dg.prospectus_requests@baml.com; calling Mitsubishi UFJ Securities (USA), Inc. toll-free at (877) 649-6848; or calling Mizuho Securities USA Inc. toll-free at (866) 271-7403.