安特吉美股招股说明书(2025-11-04版)

Interest on the Junior Subordinated Debentures will be payable semi-annually in arrears on June15 and December15 of each year. The first interest payment onthe Junior Subordinated Debentures will be made on June15, 2026. We may redeem some or all of the Junior Subordinated Debentures of each series, at our option, atthe times and prices described in this prospectus supplement. The Junior Subordinated Debentures will be issued only in registered form in minimum denominations of$2,000 and integral multiples of $1,000 in excess thereof. The Junior Subordinated Debentures will be our direct unsecured obligations and will rank junior and besubordinated in right of payment and upon liquidation to our existing and future Senior Indebtedness (as defined herein) and equally in right of payment with any PariPassu Securities (as defined herein). We may defer interest payments on the Junior Subordinated Debentures of a particular series on one or more occasions for up to 10 consecutive years perdeferral period as described in this prospectus supplement. Deferred interest payments will accrue additional interest at a rate equal to the interest rate then applicableto the Junior Subordinated Debentures of such series, to the extent permitted by applicable law. We do not intend to apply to list the Junior Subordinated Debentures of either series on a securities exchange. Investing in the Junior Subordinated Debentures involves risks. See “Risk Factors” beginning on page S-6 of this prospectussupplement to read about factors you should consider before buying the Junior Subordinated Debentures. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined ifthis prospectus supplement or the accompanying prospectus is truthful or complete. Any representation to the contrary is a criminal offense. (1)The price to public will also include any interest that has accrued on the Junior Subordinated Debentures since their issue date if delivered after that date. This prospectus supplement and the accompanying prospectus are not intended to constitute an offer to, and the Junior Subordinated Debenturesshould not be purchased, held or otherwise acquired by, a “specified foreign entity” as defined in Section7701(a)(51)(B) of the Internal Revenue Code of1986, as amended (an “SFE”). By purchasing Junior Subordinated Debentures, any investor in the Junior Subordinated Debentures (including all affiliatedentities that participate in such purchase) will be deemed to represent and warrant to us that it is not, and will not be, for its taxable year that includes thedate of the original issuance of the Junior Subordinated Debentures, an SFE. The underwriters expect to deliver the Junior Subordinated Debentures to purchasers on or about November, 2025 through the book-entry facilities of TheDepository Trust Company in New York, New York for the accounts of its participants, including Euroclear Bank SA/NV, as operator of the Euroclear System, andClearstream Banking,société anonyme, Luxembourg. BNPPARIBAS Scotiabank WellsFargoSecurities MUFG J.P.Morgan Table of Contents This prospectus supplement, the accompanying prospectus and any related free-writing prospectus that we file with the Securities and ExchangeCommission, or SEC, contain and incorporate by reference information that you should consider when making your investment decision. We have not,and the underwriters have not, authorized anyone else to provide you with different information. You should not assume that the information containedin this prospectus supplement, the accompanying prospectus or the documents incorporated by reference therein is accurate as of any date other than asof the dates of these documents or the dates these documents were filed with the SEC. Our business, financial condition, results of operations andprospects may have changed since these dates. If the information in this prospectus supplement is different from, or inconsistent with, the information inthe accompanying prospectus, you should rely on the information contained in this prospectus supplement. We are not, and the underwriters are not,making an offer or sale of the Junior Subordinated Debentures in any jurisdiction where the offer or sale is not permitted. In this prospectus supplement,“Entergy,” “we,” “us” and “our” refer to Entergy Corporation and, unless otherwise expressly stated, do not include our subsidiaries or affiliates. TABLE OF CONTENTS Prospectus Supplement SummaryRisk FactorsWhere You Can Find More InformationUse of ProceedsDescription of the Junior Subordinated DebenturesCertain United States Federal Income Tax ConsequencesUnderwriting (Conflicts of Interest)Experts Prospectus Risk FactorsAbout this ProspectusEntergy CorporationWhere You Can Find More InformationUse of ProceedsDescription of Capital StockDescription of Depositary SharesDescription of Senior Notes Description of Junior