Filed Pursuant to Rule 433
Registration No. 333-205558,
333-205558-01 and 333-205558-02
FLORIDA POWER & LIGHT COMPANY
Pricing Term Sheet
November 16, 2015
Issuer: Florida Power & Light Company
| Designation: | First Mortgage Bonds, 3.125% Series due December 1, 2025 | |
| Registration Format: | SEC Registered | |
| Principal Amount: | $600,000,000 | |
| Date of Maturity: | December 1, 2025 | |
| Interest Payment Dates: | Semi-annually in arrears on June 1 and December 1, beginning June 1, 2016 | |
| Coupon Rate: | 3.125% | |
| Price to Public: | 99.837% of the principal amount thereof | |
| Benchmark Treasury: | 2.250% due November 15, 2025 | |
| Benchmark Treasury Yield: | 2.269% | |
Spread to Benchmark Treasury Yield: | 87.5 basis points | |
| Reoffer Yield: | 3.144% | |
| Trade Date: | November 16, 2015 | |
| Settlement Date: | November 19, 2015 | |
| Redemption: | Redeemable at any time prior to June 1, 2025, at 100% of the principal amount plus accrued and unpaid interest plusmake-whole premium at discount rate equal to Treasury Yield plus 15 basis points; and redeemable at any time on or after June 1, 2025, at 100% of the principal amount plus accrued and unpaid interest. | |
| CUSIP / ISIN Number: | 341081FM4 / US341081FM41 |
Expected Credit Ratings:*
| Moody’s Investors Service Inc. | “Aa2” (stable) | |
| Standard & Poor’s Ratings Services | “A” (stable) | |
| Fitch Ratings | “AA-” (stable) |
JointBook-Running Managers:
BNP Paribas Securities Corp.
J.P. Morgan Securities LLC
Mitsubishi UFJ Securities (USA), Inc.
Scotia Capital (USA) Inc.
TD Securities (USA) LLC
U.S. Bancorp Investments, Inc.
Co-Managers:
BB&T Capital Markets, a division of BB&T Securities, LLC
Loop Capital Markets LLC
PNC Capital Markets LLC
Regions Securities LLC
Santander Investment Securities Inc.
SMBC Nikko Securities America, Inc.
Junior Co-Managers:
Drexel Hamilton, LLC
Guzman & Company
* A security rating is not a recommendation to buy, sell or hold securities and should be evaluated independently of any other rating. The rating is subject to revision or withdrawal at any time by the assigning rating organization.
The terms“make-whole premium” and “Treasury Yield” have the meanings ascribed to those terms in the Issuer’s Preliminary Prospectus Supplement, dated November 16, 2015.
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 atwww.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 BNP Paribas Securities Corp.toll-free at 1-800-854-5674, J.P. Morgan Securities LLC collect at 1-212-834-4533, Mitsubishi UFJ Securities (USA), Inc.toll-free at 1-877-649-6848, Scotia Capital (USA) Inc.toll-free at 1-800-372-3930, TD Securities (USA) LLCtoll-free at 1-855-495-9846 or U.S. Bancorp Investments, Inc.toll-free at 1-877-558-2607.