Filed Pursuant to Rule 433
Registration Nos. 333-278184
and 333-278184-02
NextEra Energy Capital Holdings, Inc.
Pricing Term Sheet
July 29, 2025
| Issuer: | NextEra Energy Capital Holdings, Inc. | |
| Designation: | Series M Debentures due September 1, 2027 | |
| Registration Format: | SEC Registered | |
| Principal Amount: | $1,999,988,000 | |
| Date of Maturity: | September 1, 2027 | |
| Interest Payment Dates: | Semi-annually in arrears on March 1 and September 1, beginning September 1, 2025 | |
| Coupon Rate: | 4.685% | |
| Price to Public: | 100.316% of the principal amount thereof | |
| Benchmark Treasury: | 3.750% due June 30, 2027 | |
| Benchmark Treasury Yield: | 3.896% | |
| Spread to Benchmark |
63 basis points | |
| Reoffer Yield: | 4.526% | |
| Trade Date: | July 29, 2025 | |
| Settlement Date:* | August 1, 2025 | |
| CUSIP / ISIN Number: | 65339K CL2/US65339KCL26 | |
| Expected Credit Ratings:** | ||
| Moody’s Investors Service Inc. | “Baa1” (stable) | |
| S&P Global Ratings | “BBB+” (stable) | |
| Fitch Ratings, Inc. | “A-”(stable) | |
| Remarketing Agents: | Citigroup Global Markets Inc. | |
| Goldman Sachs & Co. LLC | ||
| Mizuho Securities USA LLC | ||
| * | It is expected that delivery of the Debentures will be made against payment therefor on or about August 1, 2025, which will be the third business day following the date of pricing of the Debentures. Under Rule 15c6-1 of the Securities Exchange Act of 1934, trades in the secondary market generally are required to settle in one business day, unless the parties to any such trade expressly agree otherwise. Accordingly, by virtue of the fact that the Debentures initially will settle in T+3, purchasers who wish to trade the Debentures on the date of pricing of the Debentures or on the next succeeding business day should specify an extended settlement cycle at the time they enter into any such trade to prevent failed settlement and should consult their own advisors. |
| ** | 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. |