FINAL OFFICIAL STATEMENT DATED OCTOBER 16, 2018 New Money Issue: Book-Entry-Only RATINGS: S&P Global Ratings: “AA+ / SP-1+” In the opinion of Bond Counsel, assuming the accuracy of and compliance by the Town with its representations and covenants relating to certain requirements contained in the Internal Revenue Code of 1986, as amended (the “Code”), under existing statutes, interest on the Series A Bonds and the Notes is excluded from gross income for Federal income tax purposes pursuant to Section 103 of the Code; the Series A Bonds and the Notes are not “private activity bonds” and interest on the Series A Bonds and the Notes is not treated as a preference item for purposes of calculating the Federal alternative minimum tax for individuals; however, for tax years beginning before January 1, 2018, interest on the Series A Bonds and the Notes is included in the calculation of a corporation’s adjusted current earnings for purposes of, and thus may be subject to, the federal alternative minimum tax for certain corporations; interest on the Series B Bonds is not excluded from gross income for Federal income tax purposes pursuant to Section 103 of the Code; interest on the Series A Bonds, the Series B Bonds and the Notes is excluded from Connecticut taxable income for purposes of the Connecticut income tax on individuals, trusts and estates; and interest on the Series A Bonds, the Series B Bonds and the Notes is excluded from amounts on which the net Connecticut minimum tax is based in the case of individuals, trusts and estates required to pay the Federal alternative minimum tax. (See Appendices B-1 “Form of Opinion of Bond Counsel and Tax Status – Series A Bonds and Notes” and B-2 “Form of Opinion of Bond Counsel and Tax Status – Series B Bonds” herein.) Town of Watertown, Connecticut $11,000,000 Tax-Exempt General Obligation Bonds, Issue of 2018, Series A Dated: Date of Delivery Due: Serially October 15, 2020-2038 as detailed inside the front cover Interest on the Series A Bonds will be payable October 15, 2019 and semiannually thereafter on April 15 and October 15 in each year until maturity. The Series A Bonds are subject to redemption prior to maturity as more fully described under “Redemption Provisions” herein. $5,810,000 Federally Taxable General Obligation Bonds, Issue of 2018, Series B Dated: Date of Delivery Due: Serially October 15, 2019-2038 as detailed inside the front cover Interest on the Series B Bonds will be payable October 15, 2019 and semiannually thereafter on April 15 and October 15 in each year until maturity. The Series B Bonds are subject to redemption prior to maturity as more fully described under “Redemption Provisions” herein. BAIRD $6,100,000 General Obligation Bond Anticipation Notes Dated: October 25, 2018 Due: October 24, 2019 The Notes will be issued in book-entry-only form and will bear interest at such rate or rates per annum as are specified by the successful bidder or bidders in accordance with the Notice of Sale, dated October 9, 2018. The Notes are not subject to redemption prior to maturity. The Bonds and the Notes will be general obligations of the Town of Watertown, Connecticut (the “Town”) and the Town will pledge its full faith and credit to pay the principal of and the interest on the Bonds and the Notes when due. See “Security and Remedies” herein. The Series A Bonds and Series B Bonds (collectively the “Bonds”) and the Notes will be issued in book-entry-only form and registered in the name of Cede & Co., as nominee for the Depository Trust Company (“DTC”), New York, New York. The beneficial owners of the Bonds and the Notes will not receive certificates representing their ownership interest in the Bonds or the Notes. Principal of, redemption premium, if any, and interest payments on, the Bonds and the Notes will be made by the Town to The Depository Trust Company, New York, New York ("DTC"), or its nominee as registered owners of the Bonds and the Notes. DTC will credit its participants in accordance with their respective holdings shown in the records of DTC. It is anticipated that the beneficial owners of the Bonds and the Notes will receive payment or credit from DTC participants and other nominees of the beneficial owners. Ownership of the Bonds and the Notes may be in principal amounts of $5,000 or integral multiples thereof. (See ''Book-Entry-Only Transfer System'' herein.) The Registrar, Transfer Agent, Paying Agent, and Certifying Agent for the Bonds and the Notes will be U.S. Bank National Association, Goodwin Square, 225 Asylum Street, Hartford, Connecticut 06103. The Bonds and Notes are offered for delivery when, as and if issued, subject to the final approving opinions of Day Pitney LLP, Bond Counsel, of Hartford, Connecticut. It is expected that delivery of the Bonds and the Notes in book-entry-only form will be made to DTC in New York, New York on or about October 25, 2018. Town of Watertown, Connecticut $11,000,000 Tax-Exempt General Obligation Bonds, Issue of 2018, Series A Dated: Date of Delivery Due: Serially October 15, 2020-2038 as shown below: Year Principal Coupon Yield CUSIP 1 Year Principal Coupon Yield CUSIP 1 2020 $580,000 5.000% 1.950% 941893H69 2030* $ 580,000 4.000% 3.280% 941893J83 2021 580,000 5.000% 2.060% 941893H77 2031* 580,000 4.000% 3.380% 941893J91 2022 580,000 5.000% 2.150% 941893H85 2032* 580,000 4.000% 3.480% 941893K24 2023 580,000 5.000% 2.260% 941893H93 2033* 580,000 4.000% 3.530% 941893K32 2024 580,000 5.000% 2.400% 941893J26 2034* 580,000 4.000% 3.640% 941893K40 2025* 580,000 4.000% 2.580% 941893J34 2035* 575,000 4.000% 3.700% 941893K57 2026* 580,000 4.000% 2.710% 941893J42 2036* 575,000 4.000% 3.750% 941893K65 2027* 580,000 4.000% 2.850% 941893J59 2037* 575,000 4.000% 3.780% 941893K73 2028* 580,000 4.000% 3.030% 941893J67 2038* 575,000 4.000% 3.820% 941893K81 2029* 580,000 4.000% 3.160% 941893J75 * Priced assuming redemption on October 15,2024; however,any such redemption is at the option ofthe Town. The Series A Bonds were purchased by J.P. Morgan Securities LLC through a competitive bid process. $5,810,000 Federally Taxable General Obligation Bonds, Issue of 2018, Series B Dated: Date of Delivery Due: Serially October 15, 2019-2038 as shown below: Year Principal Coupon Yield CUSIP 1 Year Principal Coupon Yield CUSIP 1 2019 $ 295,000 5.000% 2.850% 941893K99 2029 $ 290,000 4.000% 4.000% 941893M30 2020 295,000 5.000% 3.100% 941893L23 2030 290,000 4.050% 4.050% 941893M48 2021 290,000 5.000% 3.250% 941893L31 2031 290,000 4.100% 4.100% 941893M55 2022 290,000 5.000% 3.350% 941893L49 2032 290,000 4.150% 4.150% 941893M63 2023 290,000 5.000% 3.450% 941893L56 2033 290,000 4.200% 4.200% 941893M71 2024* 290,000 4.000% 3.500% 941893L64 2034 290,000 4.250% 4.250% 941893M89 2025* 290,000 4.000% 3.600% 941893L72 2035 290,000 4.300% 4.300% 941893M97 2026* 290,000 4.000% 3.700% 941893L80 2036 290,000 4.350% 4.350% 941893N21 2027* 290,000 4.000% 3.800% 941893L98 2037 290,000 4.400% 4.400% 941893N39 2028* 290,000 4.000% 3.900% 941893M22 2038 290,000 4.450% 4.450% 941893N47 * Priced assuming redemption on October 15, 2023; however, any such redemption is at the option of the Town. BAIRD $6,100,000 General Obligation Bond Anticipation Notes Dated: October 25, 2018 Rate: 3.00% Due: October 24, 2019 Yield: 2.03% CUSIP:1 941893N54 Underwriter: Jefferies ______________________ 1 Copyright, American Bankers Association. CUSIP® is a registered trademark of the American Bankers Association. CUSIP numbers have been assigned by an independent company not affiliated with the Town and are included solely for the convenience of the holders of the Bonds and Notes. The Town is not responsible for the selection or use of these CUSIP numbers, does not undertake any responsibility for their accuracy, and makes no representation as to their correctness on the Bonds and Notes or as indicated above. The CUSIP number for a specific maturity is subject to being changed after the issuance of the Bonds and Notes as a result of various subsequent actions including, but not limited to, a refunding in whole or in part of such maturity or as a result of the procurement of secondary market portfolio insurance or other similar enhancement by investors that is applicable to all or a portion of certain maturities of the Bonds and Notes. No dealer, broker, salesman or other person has been authorized by the Town of Watertown, Connecticut (the “Town”) to give any information or to make any representations, other than those contained in this Official Statement; and if given or made, such other information or representation must not be relied upon as having been authorized by the Town. This Official Statement does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Bonds and the Notes by any person in any jurisdiction in which it is unlawful for such person to make such offer, solicitation or sale. This Official Statement has been prepared only in connection with the initial offering and sale of the Bonds and the Notes and may not be reproduced or used in whole or in part for any other purpose.