0001104659-12-035912.txt : 20120510 0001104659-12-035912.hdr.sgml : 20120510 20120510160423 ACCESSION NUMBER: 0001104659-12-035912 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20120510 DATE AS OF CHANGE: 20120510 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: 12830238 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 a12-11823_4fwp.htm FWP

 

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

 

May 10, 2012

 

Issuer:  Florida Power & Light Company

 

Bonds:

 

Designation:

 

First Mortgage Bonds, 4.05% Series due June 1, 2042

Legal Format:

 

SEC Registered

Principal Amount:

 

$600,000,000

Date of Maturity:

 

June 1, 2042

Interest Payment Dates:

 

Each June 1 and December 1, beginning December 1, 2012

Coupon Rate:

 

4.05%

Price to Public:

 

99.860% of the principal amount thereof

Benchmark Treasury:

 

3.125% due November 15, 2041

Benchmark Treasury Yield:

 

3.058%

Spread to Benchmark

 

 

Treasury Yield:

 

100 basis points

Reoffer Yield:

 

4.058%

Trade Date:

 

May 10, 2012

Settlement Date:

 

May 15, 2012

Redemption:

 

Prior to December 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 15 basis points, and on or after December 1, 2041, at any time at 100% of the principal amount plus accrued and unpaid interest.

CUSIP / ISIN Number:

 

341081FG7 / US341081FG72

 

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:

 

Credit Suisse Securities (USA) LLC

J.P. Morgan Securities LLC

Merrill Lynch, Pierce, Fenner & Smith
 Incorporated

Mitsubishi UFJ Securities (USA), Inc.

RBC Capital Markets, LLC

RBS Securities Inc.

 



 

Co-Managers:

 

BNP Paribas Securities Corp.

BNY Mellon Capital Markets, LLC

CIBC World Markets Corp.

Credit Agricole Securities (USA) Inc.

Lloyds Securities Inc.

TD Securities (USA) 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 May 10, 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 Credit Suisse Securities (USA) LLC  toll-free at 1-800-221-1037, J.P. Morgan Securities LLC collect at 1-212-834-4533, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free at 1-800-294-1322, Mitsubishi UFJ Securities (USA), Inc. toll-free at 1-877-649-6848, RBC Capital Markets, LLC toll-free at 1-866-375-6829 or RBS Securities Inc. toll-free at 1-866-884-2071.

 


 

 

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