Business: NextEra Energy, Inc. 7.375% Equity Units stated amount $50 per unit, initially consisting of Equity Units which include a stock purchase contract a 2.5% undivided beneficial ownership interest in a Series P Debenture due February 15, 2031, issued by NextEra Energy Capital Holdings, Inc. in the principal amount of $1,000 and a 2.5% undivided beneficial ownership interest in a Series Q Debenture due February 15, 2034 issued by NextEra Energy Capital Holdings, Inc. in the principal amount of $1,000. The Notes will be fully and unconditionally guaranteed by the Company pursuant to guarantees. (See our definition of Guaranteed in our Glossary of Income Investing Terms for the technicalities of the guarantee). <p> The stock purchase contract requires the holder to purchase for $50 a variable number of shares of NextEra Energy, Inc. (NYSE: NEE) common stock no later than 02/16/2029 and pays a contract adjustment rate of 3.375% per annum. The stock purchase settlement rate will be 0.4348 shares per unit if the then current market price is equal to or greater than $115.00 and 0.5435 shares per unit if the market price is equal to or less than $91.99. For market prices between those values the settlement rate will be $50 divided by the market value. Prior to the IPO of this security, the last reported sale price of the common stock on 02/26/2026 was $91.99 per share. The stock purchase contract may be settled any time at the holder’s option and the company will deliver 0.4348 shares of common stock for each purchase contract. </p> The Equity Units pay quarterly distributions of 7.375% ($3.6875 per annum or $0.921875 per quarter) will be paid quarterly on 2/15, 5/15, 8/15 & 11/15 to holders of record on the record date which is one business day prior to the payment date while the securities remain in book-entry form (NOTE: the ex-dividend date the record date). <p> Distributions paid by these securities are derived from interest paid on the underlying debt securities and therefore are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. <p> The Series P Debenture:is will initially bear interest at a rate of 4.00% per year and is due 02/15/2031. The Series Q Debenture:is will initially bear interest at a rate of 4.00% per year and is due 02/15/2034. </p> The holder has the right at any time to convert the Corporate Units in batches of 40 to Treasury Units by the substitution of a specified zero-coupon U.S. Treasury security for the Notes and to later recreate Corporate Units.<p> This security was not rated by Moody’s or S&P at the time of its IPO. The Equity Units are unsecured and rank equally with the company's other unsecured senior indebtedness. See the IPO prospectus for extensive additional information on the equity units and their mandatory conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.