Filed Pursuant to Rule 433
Registration Nos. 333-183052,
333-183052-01, and 333-183052-02
NextEra Energy Capital Holdings, Inc.
Pricing Term Sheet
November 14, 2012
Issuer: NextEra Energy Capital Holdings, Inc.
Designation: | Series I Junior Subordinated Debentures due November 15, 2072 |
Registration Format: | SEC Registered |
Principal Amount: | $500,000,000 |
Over-allotment Option: | Underwriters’ option to purchase, and settle concurrently on the Settlement Date set forth below, up to an additional $0 principal amount of the Series I Junior Subordinated Debentures due November 15, 2072 from the Issuer, at the Purchase Prices set forth below. |
Date of Maturity: | November 15, 2072 |
Interest Payment Dates: | Quarterly in arrears on February 15, May 15, August 15 and November 15 beginning February 15, 2013 |
Coupon Rate: | 5.125% |
Optional Deferral: | Maximum of 10 consecutive years per deferral |
Price to Public: | $25.00 per security |
Purchase Price: | $24.2125 per security |
| $24.50 per security (for sales to institutions) |
Trade Date: | November 14, 2012 |
Settlement Date: | November 19, 2012 |
Listing: | Intend to apply to list on NYSE; if approved for listing, trading expected to begin within 30 days of issuance. |
Optional Redemption: | Redeemable at any time prior to November 15, 2017, at 100% of the principal amount plus accrued and unpaid interest plus make-whole premium at discount rate equal to Treasury Yield plus 35 basis points; and redeemable at any time on or after November 15, 2017 at 100% of the principal amount plus accrued and unpaid interest. |
Call for Tax Event: | Prior to November 15, 2017, at any time at 100% of the principal amount plus accrued and unpaid interest. |
Call for Rating Agency Event: | Prior to November 15, 2017, at any time at 102% of the principal amount plus accrued and unpaid interest. |
CUSIP / ISIN Number: | 65339K 803 / US65339K8036 |
Expected Credit Ratings:* |
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Moody’s Investors Service Inc. | “Baa2” (stable) |
Standard & Poor’s Ratings Services | “BBB” (stable) |
Fitch Ratings | “BBB” (stable) |
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Joint Book-Running Managers: | |
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Citigroup Global Markets Inc. | |
Merrill Lynch, Pierce, Fenner & Smith | |
Incorporated | |
Morgan Stanley & Co. LLC | |
UBS Securities LLC | |
Wells Fargo Securities, LLC | |
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Co-Managers: | |
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Raymond James & Associates, Inc. | |
RBC Capital Markets, LLC | |
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* 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,” “Rating Agency Event,” “Tax Event” and “Treasury Yield” have the meanings ascribed to those terms in the Issuer’s Preliminary Prospectus Supplement, dated November 14, 2012.
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 at www.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 Citigroup Global Markets Inc. toll-free at 1-800-831-9146; Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-800-294-1322; Morgan Stanley & Co. LLC toll-free at 1-800-584-6837; UBS Securities LLC toll-free at 1-877-827-6444, ext. 561-3884; or Wells Fargo Securities, LLC toll-free at 1-800-326-5897.