Free Writing Prospectus
Filed pursuant to Rule 433
Registration No. 333-141425-3
March 20, 2007
The Connecticut Light and Power Company
Pricing Term Sheet
Issuer: | The Connecticut Light and Power Company |
Security: | $150,000,000 5.375% First and Refunding Mortgage Bonds, 2007 Series A due March 1, 2017 |
Maturity: | March 1, 2017 |
Coupon: | 5.375% |
Price to Public: | 99.715% of face amount |
Yield to Maturity: | 5.413% |
Spread to Benchmark Treasury: | +87 basis points |
Benchmark Treasury: | 4.625% due February 15, 2017 |
Benchmark Treasury Yield: | 4.543% |
Interest Payment Dates: | March 1 and September 1, commencing September 1, 2007 |
Redemption Provisions: |
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Make-whole call: | At any time at a discount rate of Treasury plus 15 basis points |
Settlement: | March 27, 2007 |
CUSIP | 207597 DW2 |
Anticipated ratings: | A3 by Moody’s Investors Service |
Joint Book-Running Managers: | Banc of America Securities LLC |
Co-Managers: | BNY Capital Markets, 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 Banc of America Securities LLC toll free at 1-800-294-1322, Citigroup Global Markets Inc. toll free at 1-877-858-5407 or Wachovia Capital Markets, LLC at 1-704-593-7559.