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8-K
CONSOLIDATED EDISON CO OF NEW YORK INC filed this Form 8-K on 11/30/2018
Entire Document
 


Exhibit A-2 to Schedule II
Filed Pursuant to Rule 433
Registration Statement No. 333-226539
November 27, 2018

PRICING TERM SHEET FOR THE 4.65% DEBENTURES, SERIES 2018 E
Issuer:
Consolidated Edison Company of New York, Inc.
Anticipated Ratings (Moody’s; S&P; Fitch)*:
[Intentionally omitted in exhibit format]
Issue of Securities:
4.65% Debentures, Series 2018 E due 2048
Principal Amount:
$600,000,000
Interest Rate:
4.65% per annum
Interest Payment Dates:
June 1 and December 1 commencing on June 1, 2019
Maturity Date:
December 1, 2048
Benchmark Treasury:
3.00% due August 15, 2048
Benchmark Treasury Price / Yield:
93-29 / 3.324%
Spread to Benchmark Treasury:
+135 basis points
Yield to Maturity:
4.674%
Public Offering Price:
99.615% of the principal amount
Optional Redemption Provisions:
Make Whole call at any time prior to June 1, 2048 (the “par call date”) at Treasury Rate +25 basis points (calculated to the par call date)

Callable on or after the par call date at par
Pricing Date:
November 27, 2018
Settlement Date:
November 30, 2018 (T+3)
CUSIP:
209111 FT5
Joint Book-Running Managers:
Merrill Lynch, Pierce, Fenner & Smith
         Incorporated
Mizuho Securities USA LLC
MUFG Securities Americas Inc.


A-2-1