Consolidated Edison Company of New York Inc.
11/12/2026 | Press release | Distributed by Public on 11/12/2026 15:25
Free Writing Prospectus (Form FWP)
Filed Pursuant to Rule 433
Registration Statement No. 333-281192
November 12, 2026
PRICING TERM SHEET
6.40% DEBENTURES, SERIES 2026 C
| Issuer: | Consolidated Edison Company of New York, Inc. (the "Issuer") | |
| Anticipated Ratings (Moody's; S&P; Fitch)*: | A3 (Negative); A- (Stable); A- (Stable) | |
| Issue of Securities: | 6.40% Debentures, Series 2026 C due 2056 (the "Debentures") | |
| Principal Amount: | $700,000,000 | |
| Interest Rate: | 6.40% per annum | |
| Interest Payment Dates: | June 1 and December 1, commencing on June 1, 2027 | |
| Maturity Date: | December 1, 2056 | |
| Benchmark Treasury: | 5.000% due May 15, 2056 | |
| Benchmark Treasury Price / Yield: | 93-15/5.447% | |
| Spread to Benchmark Treasury: | +100 basis points | |
| Yield to Maturity: | 6.447% | |
| Public Offering Price: | 99.375% of the principal amount | |
| Optional Redemption Provisions: | ||
|
Make-Whole Call: |
Prior to June 1, 2056 (six months prior to the maturity date of the Debentures) (the "Par Call Date"), the Issuer may redeem the Debentures at its option, in whole or in part, at any time and from time to time, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of: (l)(a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption date (assuming the Debentures matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate | |
| (as defined in the Preliminary Prospectus Supplement related to the Debentures) plus 15 basis points, less (b) interest accrued to the date of redemption; and (2) 100% of the principal amount of the Debentures to be redeemed, plus, in either case, accrued and unpaid interest thereon to, but not including, the redemption date. | ||
|
Par Call: |
On or after the Par Call Date, the Issuer may redeem the Debentures, in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the Debentures being redeemed plus accrued and unpaid interest thereon to, but not including, the redemption date. | |
| Pricing Date: | November 12, 2026 | |
| Settlement Date: | November 16, 2026 (T+2) | |
| CUSIP / ISIN: | 209111GS6 / US209111GS62 | |
| Joint Book-Running Managers: | Barclays Capital Inc. | |
| BofA Securities, Inc. | ||
| CIBC World Markets Corp. | ||
| TD Securities (USA) LLC | ||
| Co-Managers: | Academy Securities, Inc. | |
| 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 (888) 603-5847, BofA Securities, Inc. toll-free at (800) 294-1322 or by email at [email protected], CIBC World Markets Corp. toll-free at (800) 282-0822 or TD Securities (USA) LLC toll-free at (855) 495-9846.
Consolidated Edison Company of New York Inc. published this content on November 12, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on November 12, 2026 at 21:26 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]