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Notes:
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3.378% due April 1, 2022
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4.707% due April 1, 2042
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Issue Price:
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100%
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Settlement Date (Original Issue Date):
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September 30, 2011
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Maturity Date (Stated Maturity):
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April 1, 2022
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April 1, 2042
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Type of Note:
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x Fixed Rate Note
o Zero Coupon Note
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Form:
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x Book-Entry
o Definitive Certificates
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Authorized Denominations:
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$1,000 and integral multiples thereof
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CUSIP No.:
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15361GAY1
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15361GBA2
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Interest Rate:
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3.378% per annum
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4.707% per annum
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Interest Payment Dates:
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April 1 and October 1, and at maturity
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Record Dates:
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March 15 and September 15
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Initial Interest Payment Date:
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April 1, 2012
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Redemption Terms (at option of the Issuer):
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x Not redeemable prior to Stated Maturity
o Redeemable in accordance with the following terms
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Repayment Terms (at option of the holder):
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x Not repayable prior to Stated Maturity
o Repayable in accordance with the following terms:
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Sinking Fund Provisions:
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x None
o Applicable in accordance with the following terms:
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Agents and Principal Amounts Placed:
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J.P. Morgan Securities LLC
$7,800,000
KeyBanc Capital Markets Inc.
$7,800,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated
$7,800,000
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J.P. Morgan Securities LLC
$3,334,000
KeyBanc Capital Markets Inc.
$3,333,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated
$3,333,000
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Agents’ Capacity:
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x As Agents
J.P. Morgan Securities LLC
KeyBanc Capital Markets Inc.
Merrill Lynch, Pierce, Fenner & Smith
Incorporated
oAs Principal
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Issue Price:
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The Notes are being offered at the Issue Price set forth above.
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Agents’ Commission (based on principal amounts placed):
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J.P. Morgan Securities LLC
$48,750
KeyBanc Capital Markets Inc.
$48,750
Merrill Lynch, Pierce, Fenner & Smith Incorporated
$48,750
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J.P. Morgan Securities LLC
$25,000
KeyBanc Capital Markets Inc.
$25,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated
$25,000
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Net Proceeds to Issuer (before expenses):
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$33,178,750
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Use of Proceeds:
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The net proceeds of the sale of the Notes will be used by the Issuer to redeem the Pollution Control Refunding Revenue Bonds (Central Hudson Gas & Electric Corporation Project), 1999 Series A previously issued by the New York State Energy Research and Development Authority in the aggregate principal amount of $33,400,000 currently outstanding in the same principal amount. Such bonds mature on August 1, 2027 and have an interest rate that is fixed to maturity at 5.45% per annum.
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Additional Terms:
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None
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