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424B2
CONSOLIDATED EDISON CO OF NEW YORK INC filed this Form 424B2 on 11/28/2018
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Table of Contents

P R O S P E C T U S   S U P P L E M E N T

(To Prospectus dated August 2, 2018)

$1,100,000,000

Consolidated Edison Company of New York, Inc.

$500,000,000  4.00% Debentures, Series 2018 D due 2028

$600,000,000  4.65% Debentures, Series 2018 E due 2048

 

 

This is a public offering by Consolidated Edison Company of New York, Inc. of $500,000,000 of Series 2018 D Debentures due December 1, 2028 (the “2018 D Debentures”) and $600,000,000 of Series 2018 E Debentures due December 1, 2048 (the “2018 E Debentures” and, together with the 2018 D Debentures, the “Debentures”).

Interest on the Debentures is payable initially on June 1, 2019 and thereafter semi-annually on June 1 and December 1 in each year. We may redeem some or all of the Debentures at our option at any time as described in this prospectus supplement.

The Debentures will be unsecured obligations and rank equally with our other unsecured debt securities that are not subordinated obligations. The Debentures will be issued only in registered form in denominations of $2,000 and in integral multiples of $1,000 thereof.

 

 

Investing in the Debentures involves risks. See “Risk Factors” on page S-3 of this prospectus supplement.

 

 

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus supplement or the accompanying prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

 

     Per 2018  D
Debenture
    Total      Per 2018  E
Debenture
    Total  

Initial public offering price

     99.926   $ 499,630,000        99.615   $ 597,690,000  

Underwriting discount

     0.650   $ 3,250,000        0.875   $ 5,250,000  

Proceeds, before expenses, to Consolidated Edison Company of New York, Inc. 

     99.276   $ 496,380,000        98.740   $ 592,440,000  

The initial public offering prices set forth above do not include accrued interest, if any. Interest on the Debentures will accrue from November 30, 2018 and must be paid by the purchaser if the Debentures are delivered after November 30, 2018.

The underwriters expect to deliver the Debentures to purchasers through The Depository Trust Company for the account of its participants, including Clearstream Banking S.A. and Euroclear Bank S.A./N.V., on or about November 30, 2018.

 

 

Joint Book-Running Managers

 

BofA Merrill Lynch   Mizuho Securities   MUFG   Scotiabank   Wells Fargo Securities
CIBC Capital Markets   KeyBanc Capital Markets   TD Securities      

Co-Managers

 

Ramirez & Co., Inc.   The Williams Capital Group, L.P.

November 27, 2018