Company: SOJE
Filing Date: 2025-11-03
Form Type: 424B5
Source: 0000092122-25-000088
Chunk: 60

Company: SOUTHERN CO
Filing Date: 2025-11-03
Form: 424B5
Chunk 60
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 2028 (or if such day is not a business day, the following business day), which is referred to as the “purchase contract settlement date,” or earlier upon early settlement, for $50, a number of shares of the Company’s common stock equal to the applicable settlement rate described under “Description of the Purchase Contracts—Purchase of Common Stock,” “Description of the Purchase Contracts—Early Settlement” or “Description of the Purchase Contracts—Early Settlement Upon a Fundamental Change,” as the case may be, plus, in the case of an early settlement upon a fundamental change, the number of make-whole shares; and

o the Company will pay the holder quarterly contract adjustment payments at the rate of % per year on the stated amount of $50, or $ per year, subject to the Company’s right to defer such contract adjustment payments as described under “Description of the Purchase Contracts—Contract Adjustment Payments,” and

either:

• (i) a 1/40 undivided beneficial ownership interest in $1,000 principal amount of the Series 2025B RSNs (under which the Company will pay to the holder 1/40 of the interest payment on such note at the initial rate of %, or $ per year per $1,000 principal amount), and (ii) a 1/40 undivided beneficial ownership interest in $1,000 principal amount of the Series 2025C RSNs (under which the Company will pay the holder 1/40 of the interest payment on such note at the initial rate of %, or $ per year per $1,000 principal amount); or

• following a successful optional remarketing, the applicable ownership interest in a portfolio of United States Treasury securities, which is referred to as the “Treasury portfolio.”

The “applicable ownership interest” means, with respect to the Treasury portfolio,

(1) a 1/20 undivided beneficial ownership interest in $1,000 principal amount at maturity of United States Treasury securities (or principal or interest strips thereof) included in the Treasury portfolio that mature on or prior to the purchase contract settlement date;

<div align='center'>S-38</div>

(2) if the optional remarketing settlement date occurs prior to September 15, 2028, with respect to the originally-scheduled interest payment dates on each series of the RSNs that would have occurred on September 15, 2028 and the purchase contract settlement date, an undivided beneficial interest in U.S.