Filed Pursuant to Rule 433
Registration Statement No. 333-183035
March 3, 2014
PRICING TERM SHEET FOR THE 4.45% DEBENTURES, SERIES 2014 A
| Issuer: | Consolidated Edison Company of New York, Inc. | |
| Anticipated Ratings (Moody’s; S&P; Fitch)*: | A2 (Stable); A- (Stable); A- (Stable) | |
| Issue of Securities: | 4.45% Debentures, Series 2014 A due 2044 | |
| Principal Amount: | $850,000,000 | |
| Interest Rate: | 4.45% per annum | |
| Interest Payment Dates: | March 15 and September 15, commencing on September 15, 2014 | |
| Maturity: | March 15, 2044 | |
| Treasury Benchmark: | 3.750% due November 15, 2043 | |
| US Treasury Yield: | 3.555% | |
| Spread to Treasury: | +90 basis points | |
| Re-offer Yield: | 4.455% | |
| Public Offering Price: | 99.916% | |
| Optional Redemption: | Make Whole call at any time prior to September 15, 2043 at Treasury Rate +15 basis points | |
| Callable on or after September 15, 2043 at par | ||
| Pricing Date: | March 3, 2014 | |
| Settlement Date: | March 6, 2014 (T+3) | |
| CUSIP: | 209111 FD0 | |
| Joint Book-Running Managers: | Barclays Capital Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated Morgan Stanley & Co. LLC Scotia Capital (USA) Inc. Wells Fargo Securities, LLC | |
| Co-Managers: | U.S. Bancorp Investments, Inc. Loop Capital Markets LLC 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 Barclays Capital Inc. toll free at 1-888-603-5847, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-800-294-1322 or Morgan Stanley & Co. LLC toll-free at 1-866-718-1649.