Issuer:

FPL Group, Inc.

Common Stock Ticker:

NYSE “FPL”

Underwriter:

Credit Suisse Securities (USA) LLC

Securities:

Designation:

Equity Units (initially consisting of Corporate Units)

Registration Format:

SEC Registered

Number of Equity Units Offered:

7,000,000 (8,050,000 if the underwriter exercises its over-allotment option to purchase up to 1,050,000 additional Equity Units in full)

Aggregate Offering Amount:

$350,000,000 ($402,500,000 if the underwriter exercises its over-allotment option to purchase up to 1,050,000 additional Equity Units in full)

Stated Amount per Equity Unit:

$50

Price to Public:

$49.25 per Equity Unit

Underwriting Discount and Commissions:

$1.00 per Equity Unit / $7,000,000 (excluding the underwriter’s over-allotment option to purchase up to 1,050,000 additional Equity Units)

Proceeds to FPL Group Capital:

$337,750,000 ($388,412,500 if the underwriter exercises its over-allotment option to purchase up to 1,050,000 additional Equity Units in full), after deducting the underwriter’s discounts and commissions

FPL Group Capital Debenture Interest Rate:

3.60%

Contract Adjustment Payment Rate:

4.775% per year of the Stated Amount per Equity Unit, subject to FPL Group’s right to defer contract adjustment payments, as described in the preliminary prospectus supplement

Deferred Contract Adjustment Payments:

Deferred contract adjustment payments would accrue additional contract adjustment payments at the rate of 8.375% per year until paid, compounded quarterly

FPL Group Capital Debentures Coupon and

Contract Adjustment Payment Dates:

March 1, June 1, September 1 and December 1, beginning September 1, 2009, subject to FPL Group’s right to defer contract adjustment

payments, as described in the preliminary prospectus supplement

Total Corporate Unit Cash Distribution Rate:

8.375% of the Stated Amount per Equity Unit

Reference Price:

$55.67 (the last reported sale price of FPL Group’s common stock on the New York Stock Exchange on May 19, 2009)

Threshold Appreciation Price:

$66.80 (represents appreciation of 20% over the reference price)

Minimum Settlement Rate:

0.7485 shares of FPL Group’s common stock (subject to adjustment), equal to $50 divided by the threshold appreciation price

Maximum Settlement Rate:

0.8981 shares of FPL Group’s common stock (subject to adjustment), equal to $50 divided by the reference price

Trade Date:

May 20, 2009

Offering Settlement Date:

May 26, 2009

Purchase Contract Settlement Date:

June 1, 2012

FPL Group Capital Debentures Maturity Date:

June 1, 2014

Listing:

At this time, the Corporate Units will not be listed on any stock exchange.

Creating Treasury Units:

If the applicable ownership interests in the Treasury portfolio have replaced the applicable ownership interests in the FPL Group Capital debentures as a component of the Corporate Units as a result of a successful remarketing, special event redemption or mandatory redemption, holders of Corporate Units may substitute Treasury securities for the applicable ownership interests in the Treasury portfolio only in integral multiples of 20,000 Corporate Units (or such other number of Corporate Units as may be determined by the remarketing agent in connection with a successful remarketing of the FPL Group Capital debentures if the reset effective date is not a regular quarterly interest payment date).

Recreating Corporate Units:

If the applicable ownership interests in the Treasury portfolio have replaced the applicable ownership interests in the FPL Group Capital debentures as a component of the Corporate Units as the result of a successful remarketing, special event redemption or mandatory redemption, holders of Treasury Units may substitute applicable ownership interests in the

Treasury portfolio for Treasury securities only in integral multiples of 20,000 Treasury Units (or such other number of Treasury Units as may be determined by the remarketing agent in connection with a successful remarketing of the FPL Group Capital debentures if the reset effective date is not a regular quarterly interest payment date).

Early Settlement:

If the applicable ownership interests in the Treasury portfolio have replaced the applicable ownership interests in the FPL Group Capital debentures as a component of the Corporate Units, holders of Corporate Units may settle early on or prior to the second business day immediately preceding the purchase contract settlement date only in integral multiples of 20,000 Corporate Units.

Fundamental Change Early Settlement:

The following table sets forth the stock price, effective date and amount of make-whole shares issuable upon a fundamental change early settlement right:

CUSIP for the Corporate Units:

302571 609

ISIN for the Corporate Units:

US3025716099

CUSIP for the Treasury Units:

302571 708

ISIN for the Treasury Units:

US3025717089

CUSIP for the FPL Group Capital Debentures:

302570 BF2

ISIN for the FPL Group Capital Debentures:

US302570BF28