# EDGAR Filing Document

**Accession Number:** 0002040871
**File Stem:** 0000950103-25-012460
**Filing Date:** 2025-9
**Character Count:** 12706
**Document Hash:** 16b00631b60110ba1e8108ae2f6fd727
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950103-25-012460.hdr.sgml**: 20250929

**ACCESSION NUMBER**: 0000950103-25-012460

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250929

**DATE AS OF CHANGE**: 20250929

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EUSHI Finance, Inc.
- **CENTRAL INDEX KEY:** 0002040871
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC SERVICES [4911]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 812897494
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-290501
- **FILM NUMBER:** 251357225

**BUSINESS ADDRESS:**
- **STREET 1:** 37 ROUTE 236
- **STREET 2:** KITTERY PROPERTIES SUITE 101
- **CITY:** KITTERY
- **STATE:** ME
- **ZIP:** 03904
- **BUSINESS PHONE:** (902) 450-0507

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** PO BOX 910
- **CITY:** HALIFAX, NOVA SCOTIA
- **PROVINCE COUNTRY:** Z4
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EUSHI Finance, Inc.
- **CENTRAL INDEX KEY:** 0002040871
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC SERVICES [4911]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 812897494
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** 37 ROUTE 236
- **STREET 2:** KITTERY PROPERTIES SUITE 101
- **CITY:** KITTERY
- **STATE:** ME
- **ZIP:** 03904
- **BUSINESS PHONE:** (902) 450-0507

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** PO BOX 910
- **CITY:** HALIFAX, NOVA SCOTIA
- **PROVINCE COUNTRY:** Z4

**Filed pursuant to Rule 433**

**Registration No. 333-290501<br> Registration No. 333-290502<br> September 29, 2025**

**EUSHI FINANCE, INC.** 

6.250% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2056

The information in this pricing term sheet relates to the offering by EUSHI Finance, Inc. of its 6.250% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2056 (the "**Offering**") and should be read together with the preliminary prospectus supplement dated September 29, 2025 relating to the Offering (the "**Preliminary Prospectus Supplement**"), filed pursuant to Rule 424(b) under the Securities Act of 1933, as amended, including the documents incorporated by reference therein, and the related base prospectus dated September 26, 2025, included in the Registration Statement Nos. 333-290501 and 333-290502. The information in this pricing term sheet supersedes the information in the Preliminary Prospectus Supplement and the accompanying prospectus to the extent it is inconsistent with the information in the Preliminary Prospectus Supplement or the accompanying prospectus. Terms not defined in this pricing term sheet have the meanings given to such terms in the Preliminary Prospectus Supplement.

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|:---|:---|
| Issuer: | EUSHI Finance, Inc. (the "**Issuer**") |
| Guarantors: | Emera Incorporated ("**Emera**") and Emera US Holdings Inc. (together, with Emera, the "**Guarantors**") |
| Legal Format: | SEC registered |
| Expected Ratings (Moody's/S&P/Fitch)\*: | <br> Ba1 (Negative) / BB+ (Stable) / BB+ (Stable) |
| Security: | 6.250% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2056 (the "**Notes**") |
| Principal Amount: | U.S. $750,000,000 |
| Offering Price: | 100% of the principal amount |
| Interest Rate: | The Notes will bear interest (i) from and including October 3, 2025 to but excluding April 1, 2031 (the "First Reset Date"), at the rate of 6.250% per annum and (ii) from and including the First Reset Date, during each Reset Period (as defined in the Preliminary Prospectus), at a rate per annum equal to the Five-year U.S. Treasury Rate (as defined in the Preliminary Prospectus) as of the most recent Reset Interest Determination Date (as defined in the Preliminary Prospectus), plus a spread of 2.509% to be reset on each Reset Date (as defined in the Preliminary Prospectus); provided, that the interest rate during any Reset Period will not reset below 6.250% (which equals the initial interest rate on the Notes).<br>For the definitions of the terms "Reset Period," "Five-year U.S. Treasury Rate," "Reset Interest Determination Date" and "Reset Date," and for other important information concerning the calculation of interest on the Notes, see "Description of the Notes—Interest Rate and Maturity" in the Preliminary Prospectus.<br>|
| Interest Payment Dates: | April 1 and October 1 of each year, beginning April 1, 2026 (subject to the Issuer's right to defer interest payments as described under "Optional Interest Deferral" below) |
| Optional Interest Deferral: | So long as no Event of Default (as defined in the Preliminary Prospectus) with respect to the Notes has occurred and is continuing, the Issuer may, at its option,<br>|

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| | |
|:---|:---|
|  | defer interest payments on the Notes, from time to time, for one or more deferral periods of up to 20 consecutive semi-annual Interest Payment Periods (as defined in the Preliminary Prospectus) each, except that no such Optional Deferral Period may extend beyond the final maturity date of the Notes or end on a day other than the day immediately preceding an interest payment date. No interest will be due or payable on the Notes during any such Optional Deferral Period unless the Issuer elects, at its option, to redeem Notes during such Optional Deferral Period, in which case accrued and unpaid interest to, but excluding, the redemption date will be due and payable on such redemption date only on the Notes being redeemed, or unless the principal of and interest on the Notes shall have been declared due and payable as the result of an Event of Default with respect to the Notes, in which case all accrued and unpaid interest on the Notes shall become due and payable. The Issuer may elect, at its option, to extend the length of any Optional Deferral Period that is shorter than 20 consecutive semi-annual Interest Payment Periods (so long as the entire Optional Deferral Period does not exceed 20 consecutive semi-annual Interest Payment Periods or extend beyond the final maturity date of the Notes) and to shorten the length of any Optional Deferral Period. The Issuer cannot begin a new Optional Deferral Period until the Issuer or the Guarantors have paid all accrued and unpaid interest on the Notes from any previous Optional Deferral Period. During any Optional Deferral Period, interest on the Notes will continue to accrue at the then applicable interest rate on the Notes (as reset from time to time on any Reset Date occurring during such Optional Deferral Period in accordance with the terms of the Notes). In addition, during any Optional Deferral Period, interest on the deferred interest will accrue at the then-applicable interest rate on the Notes (as reset from time to time on any Reset Date occurring during such Optional Deferral Period in accordance with the terms of the Notes), compounded semi-annually, to the extent permitted by applicable law.<br>For additional information and the definitions of the terms Event of Default, Optional Deferral Period and Interest Payment Period, see "Description of the Notes—Events of Default" and "Description of the Notes—Option to Defer Interest Payments" in the Preliminary Prospectus.<br>|
| Maturity Date: | April 1, 2056 |
| Optional Redemption Terms: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; At its option, the Issuer may redeem some or all of the Notes, as applicable, before their maturity, as follows:<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· in whole or in part (i) on any day in the period commencing on the date falling 90 days prior to the First Reset Date and ending on and including the First Reset Date and (ii) after the First Reset Date, on any interest payment date, at a redemption price in cash equal to 100% of the principal amount of the Notes being redeemed, plus, subject to the terms described in the first paragraph under "Description of the Notes— Redemption—Redemption Procedures; Cancellation of Redemption" in the Preliminary Prospectus, accrued and unpaid interest on the Notes to be redeemed to, but excluding, the redemption date;<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· in whole but not in part, at any time following the occurrence and during the continuance of a Tax Event (as defined in the Preliminary Prospectus) at a redemption price in cash equal to 100% of the principal amount of the Notes, plus, subject to the terms described in the first paragraph under "Description of the Notes—Redemption—Redemption Procedures; Cancellation of Redemption" in the Preliminary Prospectus, accrued and unpaid interest on the Notes to, but excluding, the redemption date; and<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· in whole but not in part, at any time following the occurrence and during the continuance of a Rating Agency Event (as defined in the Preliminary<br>|

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| | |
|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prospectus) at a redemption price in cash equal to 102% of the principal amount of the Notes, plus, subject to the terms described in the first paragraph under "Description of the Notes—Redemption—Redemption Procedures; Cancellation of Redemption" in the Preliminary Prospectus, accrued and unpaid interest on the Notes to, but excluding, the redemption date.<br>For additional information and the definitions of the terms "Tax Event" and "Rating Agency Event," see "Description of the Notes—Redemption" in the Preliminary Prospectus.<br>|
| CUSIP / ISIN: | 29882D AC7 / US29882DAC74<br>|
| Denominations: | $2,000 and integral multiples of $1,000 in excess thereof<br>|
| Pricing Date: | September 29, 2025 |
| Expected Settlement Date: | October 3, 2025 (T+4) |

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Joint Book-Running Managers: J.P. Morgan Securities LLC Morgan Stanley & Co. LLC MUFG Securities Americas Inc. RBC Capital Markets, LLC Scotia Capital (USA) Inc. Wells Fargo Securities, LLC BMO Capital Markets Corp. BofA Securities, Inc. CIBC World Markets Corp. TD Securities (USA) LLC Truist Securities, Inc. <br>

\* Note: A securities rating is not a recommendation to buy, sell or hold a security and may be subject to revision or withdrawal at any time.

_______________

The Issuer expects that delivery of the Notes will be made against payment therefor on or about October 3, 2025, which will be the fourth business day following the date of pricing of the Notes (this settlement cycle being herein referred to as "T+4"). Under Rule 15c6-1 of the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in one business day, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade Notes more than one business day prior to the scheduled settlement date will be required, by virtue of the fact that the Notes initially will settle in T+4, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of the Notes who wish to make such trades should consult their own advisor.

**The Issuer and the Guarantors have filed a joint registration statement on Forms F-3 / F-10 (including a prospectus) and a preliminary prospectus supplement with the SEC for the Offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement and other documents the Issuer and the Guarantors have filed with the SEC for more complete information about the Issuer, the Guarantors and this offering.** 

**You may get these documents for free by visiting EDGAR on the SEC website 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 contacting each of: J.P. Morgan Securities LLC collect at (212) 834-4533, Morgan Stanley & Co. LLC toll-free at (866) 718-1649, MUFG Securities Americas Inc. toll-free at (877) 649-6848, RBC Capital Markets, LLC toll-free at (866) 375-6829, Scotia Capital (USA) Inc. toll-free at (800) 372-3930 or Wells Fargo Securities, LLC toll-free at (800) 645-3751.**

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