Notes:
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2.756% due April 1, 2016
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4.150% due April 1, 2021
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5.716% due April 1, 2041
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Issue Price:
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100%
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Settlement Date (Original Issue Date):
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December 7, 2010
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Maturity Date (Stated Maturity):
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April 1, 2016
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April 1, 2021
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April 1, 2041
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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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15361GAV7
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15361GAW5
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15361GAX3
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Interest Rate:
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2.756% per annum
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4.150% per annum
|
5.716% per annum
|
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, 2011
|
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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:
|
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
$4,000,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated
$4,000,000
|
J.P. Morgan Securities LLC
$22,075,000
Merrill Lynch, Pierce, Fenner & Smith Incorporated
$22,075,000
|
J.P. Morgan Securities LLC
$15,000,000
Merrill Lynch, Pierce, Fenner & Smith
Incorporated
$15,000,000
|
Agents’ Capacity:
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x As Agents
J.P. Morgan Securities LLC
Merrill Lynch, Pierce, Fenner & Smith
Incorporated
o As Principal
|
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Issue Price:
|
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
$20,000.00
Merrill Lynch, Pierce, Fenner & Smith Incorporated
$20,000.00
|
J.P. Morgan Securities LLC
$137,968.75
Merrill Lynch, Pierce, Fenner & Smith Incorporated
$137,968.75
|
J.P. Morgan Securities LLC
$112,500.00
Merrill Lynch, Pierce, Fenner & Smith Incorporated
$112,500.00
|
Net Proceeds to Issuer (before expenses):
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$81,609,062.50
|
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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, repay or otherwise retire, or purchase, all or a portion of the Pollution Control Refunding Revenue Bonds (Central Hudson Gas & Electric Company Projects), 1999 Series C and the Pollution Control Refunding Revenue Bonds (Central Hudson Gas & Electric Company Projects), 1999 Series D previously issued by the New York State Energy Research and Development Authority in the aggregate principal amount of $82,150,000 currently outstanding in the same principal amount.
|
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Additional Terms:
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None
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