As the others have covered, the model number breaks down as follows:
WDBACW0020HBK-NESN…
WD = WD… that’s a no-brainer
B = this is a branded product
ACW = USB 3.0 My Book Essential
0020 = Drive Capacity: 002.0
H = 3.5-inch form factor, capacity unit is TB, one drive per enclosure
BK = Black
Everything after the dash is for WD’s internal use… it does not designate a different model… or really anything anyone other than WD could possibly care about. 
But, for nosy folks:
N = Sales Region: Pan-America
E = External
SN = Standard Packaging
So, the only difference between an EESN, a NESN, and a SESN (or any of the other xESN markings), is where the original vendor who received the drive is located… E being Europe, the Middle East and Africa, and S being Multi-City Asia.
I must also recommend getting a powered drive, based of the numbers of power-related failures around here with the USB-powered drive.
If you have absolutely no use for the password/encryption, I’d also second the recommendation to get an Elements instead of a My Book Essential. Not that I’ve had any problems with any of my MBEs, but the Elements is generally cheaper, so why pay extra for something you’re not going to use?
Yes, if you do have a power outage while the drive is in use, it can be corrupted, but that pretty much goes whether you have external power or USB power, unless you happen to have a beefy UPS feeding your PC, so it isn’t really a deciding factor.