0001104659-11-068391.txt : 20111208 0001104659-11-068391.hdr.sgml : 20111208 20111208155150 ACCESSION NUMBER: 0001104659-11-068391 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20111208 DATE AS OF CHANGE: 20111208 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FLORIDA POWER & LIGHT CO CENTRAL INDEX KEY: 0000037634 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 590247775 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-160987-07 FILM NUMBER: 111250918 BUSINESS ADDRESS: STREET 1: 700 UNIVERSE BLVD CITY: JUNO BEACH STATE: FL ZIP: 33408 BUSINESS PHONE: 5616946333 MAIL ADDRESS: STREET 1: P O BOX 14000 CITY: JUNO BEACH STATE: FL ZIP: 33408 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FLORIDA POWER & LIGHT CO CENTRAL INDEX KEY: 0000037634 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 590247775 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 700 UNIVERSE BLVD CITY: JUNO BEACH STATE: FL ZIP: 33408 BUSINESS PHONE: 5616946333 MAIL ADDRESS: STREET 1: P O BOX 14000 CITY: JUNO BEACH STATE: FL ZIP: 33408 FWP 1 a11-31213_4fwp.htm FILING UNDER SECURITIES ACT RULES 163/433 OF FREE WRITING PROSPECTUSES

 

Filed Pursuant to Rule 433

Registration Statement Nos. 333-160987, 333-160987-01, 333-160987-02, 333-160987-03,

333-160987-04, 333-160987-05, 333-160987-06, 333-160987-07 and 333-160987-08

 

 

FLORIDA POWER & LIGHT COMPANY

 

Pricing Term Sheet

 

December 8, 2011

 

Issuer:  Florida Power & Light Company

 

Bonds:

 

Designation:

First Mortgage Bonds, 4.125% Series due February 1, 2042

Legal Format:

SEC Registered

Principal Amount:

$600,000,000

Date of Maturity:

February 1, 2042

Interest Payment Dates:

Each February 1 and August 1, beginning August 1, 2012

Coupon Rate:

4.125%

Price to Public:

99.753% of the principal amount thereof

Benchmark Treasury:

3.75% due August 15, 2041

Benchmark Treasury Yield:

2.989%

Spread to Benchmark

 

Treasury Yield:

115 basis points

Reoffer Yield:

4.139%

Trade Date:

December 8, 2011

Settlement Date:

December 13, 2011

Redemption:

Prior to August 1, 2041, at any time at 100% of the principal amount plus accrued and unpaid interest plus make-whole premium at discount rate equal to Treasury Yield plus 20 basis points, and on or after August 1, 2041, at any time at 100% of the principal amount plus accrued and unpaid interest.

CUSIP / ISIN Number:

341081 FF9 / US341081FF99

 

 

Expected Credit Ratings:*

 

Moody’s Investors Service Inc.

“Aa3” (stable)

Standard & Poor’s Ratings Services

“A” (stable)

Fitch Ratings

“AA-” (stable)

 

Joint Book-Running Managers:

Barclays Capital Inc.

Citigroup Global Markets Inc.

Goldman, Sachs & Co.

Mizuho Securities USA Inc.

Scotia Capital (USA) Inc.

Wells Fargo Securities, LLC

 


 

Co-Managers:

KeyBanc Capital Markets Inc.

Morgan Keegan & Company, Inc.

RBC Capital Markets, LLC

UniCredit Capital Markets LLC

U.S. Bancorp Investments, Inc.

 

 

 

*    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 December 8, 2011.

 

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, Citigroup Global Markets Inc. toll free at 1-877-858-5407, Goldman, Sachs & Co. toll free at 1-866-471-2526, Mizuho Securities USA Inc. toll free at 1-866-271-7403, Scotia Capital (USA) Inc. toll free at 1-800-372-3930, or Wells Fargo Securities, LLC toll free at 1-800-326-5897.