Filed Pursuant to Rule 433
Registration No. 333-143071
November 14, 2007
PRICING TERM SHEET
| 5.625% Debentures due 2017 | ||
Issuer: | NSTAR Electric Company | |
Security: | 5.625% Debentures due 2017 | |
Size: | $300,000,000 | |
Maturity Date: | November 15, 2017 | |
Coupon: | 5.625% | |
Interest Payment Dates: | May 15 and November 15, commencing May 15, 2008 | |
Price to Public: | 99.563% | |
Benchmark Treasury: | 4.25% due November 15, 2017 | |
Benchmark Treasury Yield: | 4.283% | |
Spread to Benchmark Treasury: | +140 bp | |
Yield: | 5.683% | |
Make-Whole Call: | T+25 bp | |
Expected Settlement Date: | November 19, 2007 (T+3) | |
CUSIP: | 67021C AE7 | |
Anticipated Ratings: | A1 by Moody’s Investors Service, Inc. A+ by Standard & Poor’s Ratings Services | |
Joint Book-Running Managers: | Citigroup Global Markets Inc. Goldman, Sachs & Co. J.P. Morgan Securities Inc. | |
Co-Managers: | Banc of America Securities LLC BNY Capital Markets, Inc. Greenwich Capital Markets, Inc. KeyBanc Capital Markets Inc. Lazard Capital Markets 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 Citigroup Global Markets Inc. toll free at 1-877-858-5407, Goldman, Sachs & Co. toll free at 1-866-471-2526 or J.P. Morgan Securities Inc. collect at 1-212-834-4533.