 | Filed Pursuant to Rule 433 Registration Nos. 333-226056 and 333-226056-01 |
NextEra Energy Capital Holdings, Inc.
Pricing Term Sheet
March 15, 2021
| Issuer: | NextEra Energy Capital Holdings, Inc. | |
| Designations: | 0.65% Debentures, Series due March 1, 2023 (“Fixed Rate Debentures”) | |
| Floating Rate Debentures, Series due March 1, 2023 (“Floating Rate Debentures”) | ||
| Registration Format: | SEC Registered | |
| Principal Amount: | Fixed Rate Debentures: | $2,000,000,000 |
| Floating Rate Debentures: | $500,000,000 | |
| Date of Maturity: | March 1, 2023 | |
| Interest Payment Dates: | Fixed Rate Debentures: Semi-annually in arrears on March 1 and September 1 of each year, beginning September 1, 2021 | |
| Floating Rate Debentures: Quarterly in arrears on March 1, June 1, September 1 and December 1 of each year, beginning June 1, 2021 | ||
| Coupon Rate: | Fixed Rate Debentures: | 0.65% |
| Floating Rate Debentures: | Floating rate based on Compounded SOFR plus 0.54%; reset quarterly on each March 1, June 1, September 1 and December 1 of each year, beginning June 1, 2021. | |
| Price to Public: | Fixed Rate Debentures: | 99.990% of the principal amount thereof |
| Floating Rate Debentures: | 100.000% of the principal amount thereof | |
| Benchmark Treasury with | ||
| respect to Fixed Rate | ||
| Debentures: | 0.125% due February 28, 2023 | |
| Benchmark Treasury Yield | ||
| with respect to Fixed | ||
| Rate Debentures: | 0.155% | |
| Spread to Benchmark | ||
| Treasury Yield with | ||
| respect to Fixed Rate | ||
| Debentures: | 50 basis points | |
| Reoffer Yield with respect | ||
| to Fixed Rate | ||
| Debentures: | 0.655% | |
| Redemption: | Not redeemable at the option of NextEra Energy Capital Holdings, Inc. prior to maturity | |
| Trade Date: | March 15, 2021 | |
| Settlement Date: | March 17, 2021 | |
| CUSIP / ISIN Number: | Fixed Rate Debentures: | 65339K BU3/US65339KBU34 |
| Floating Rate Debentures: | 65339K BV1/US65339KBV17 | |
Expected Credit Ratings:*
| Moody’s Investors Service Inc. | “Baa1” (stable) |
| S&P Global Ratings | “BBB+” (stable) |
| Fitch Ratings, Inc. | “A-” (stable) |
Joint Book-Running Managers:
Barclays Capital Inc.
BofA Securities, Inc.
Credit Suisse Securities (USA) LLC
Morgan Stanley & Co. LLC
Citigroup Global Markets Inc.
Goldman Sachs & Co. LLC
Mizuho Securities USA LLC
Scotia Capital (USA) Inc.
Wells Fargo Securities, LLC
Co-Managers:
Academy Securities, Inc.
Hancock Whitney Investment Services, Inc.
Huntington Securities, Inc.
Loop Capital Markets LLC
Mischler Financial Group, Inc.
nabSecurities, LLC
Natixis Securities Americas LLC
Junior Co-Managers:
C.L. King & Associates, Inc.
Guzman & Company
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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 term “Compounded SOFR” has the meaning ascribed to that term in the Issuer’s Preliminary Prospectus Supplement, dated March 15, 2021.
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 Barclays Capital Inc. toll-free at 1-888-603-5847, BofA Securities, Inc. toll-free at 1-800-294-1322, Credit Suisse Securities (USA) LLC toll-free at 1-800-221-1037 and Morgan Stanley & Co. LLC toll-free at 1-866-718-1649.