Prudential Financial InterNotes®, Due Six Months or More from Date of Issue Filed under Rule 424(b)(2), Registration Statement No. 333-277590 Final Pricing Supplement No. 1 - Dated Monday, August 19, 2024. To Prospectus Dated March 1, 2024 and Prospectus Supplement dated August 5, 2024 Investors should read this pricing supplement in conjunction with the Prospectus and Prospectus Supplement. |
CUSIP Number |
Aggregate Principal Amount |
Selling Price |
Gross Concession |
Net Proceeds |
Interest Type |
Interest Rate |
Payment Frequency |
Maturity Date |
1st Interest Payment |
1st Interest Payment |
Survivors Option* |
Product Ranking | ||||||||||||
74432A2A7 |
$4,815,000.00 | 100.000% | 0.550% | $4,788,517.50 | Fixed | 4.150% | Semi-Annual | 08/15/2026 | 02/15/2025 | $19.94 | Yes | Senior Unsecured Notes | ||||||||||||
We will pay you interest on the notes on a Semi-Annual basis on Feb 15th and Aug 15th. The first such payment will be made on Feb 15, 2025. The interest rate per annum and stated maturity date are set out above. The regular record dates for your notes are each business day preceding each date on which interest is paid.
Any notes sold by the selling agents to securities dealers, or by securities dealers to certain other brokers or dealers, may be sold at a discount from the initial selling price up to 0.2000% of the principal amount.
Redemption Information: Non-Callable
Purchasing Agent: InspereX LLC Agents: BofA Securities, Citigroup, Morgan Stanley, RBC Capital Markets, Wells Fargo Advisors
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74432A2B5 |
$1,527,000.00 | 100.000% | 0.825% | $1,514,402.25 | Fixed | 4.050% | Semi-Annual | 08/15/2027 | 02/15/2025 | $19.46 | Yes | Senior Unsecured Notes | ||||||||||||
We will pay you interest on the notes on a Semi-Annual basis on Feb 15th and Aug 15th. The first such payment will be made on Feb 15, 2025. The interest rate per annum and stated maturity date are set out above. The regular record dates for your notes are each business day preceding each date on which interest is paid.
Any notes sold by the selling agents to securities dealers, or by securities dealers to certain other brokers or dealers, may be sold at a discount from the initial selling price up to 0.3000% of the principal amount.
Redemption Information: Non-Callable
Purchasing Agent: InspereX LLC Agents: BofA Securities, Citigroup, Morgan Stanley, RBC Capital Markets, Wells Fargo Advisors
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74432A2C3 |
$19,617,000.00 | 100.000% | 1.250% | $19,371,787.50 | Fixed | 4.250% | Semi-Annual | 08/15/2029 | 02/15/2025 | $20.42 | Yes | Senior Unsecured Notes |
We will pay you interest on the notes on a Semi-Annual basis on Feb 15th and Aug 15th. The first such payment will be made on Feb 15, 2025. The interest rate per annum and stated maturity date are set out above. The regular record dates for your notes are each business day preceding each date on which interest is paid.
Any notes sold by the selling agents to securities dealers, or by securities dealers to certain other brokers or dealers, may be sold at a discount from the initial selling price up to 0.6000% of the principal amount.
Redemption Information: Non-Callable
Purchasing Agent: InspereX LLC Agents: BofA Securities, Citigroup, Morgan Stanley, RBC Capital Markets, Wells Fargo Advisors
Offering Date: Monday, August 12, 2024 through Monday, August 19, 2024 |
Prudential Financial, Inc. | |
Trade Date: Monday, August 19, 2024 @ 12:00 PM ET |
Prudential Financial Internotes® | |
Settle Date: Thursday, August 22, 2024 |
Prospectus Dated March 1, 2024 and | |
Minimum Denomination/Increments: $1,000.00/$1,000.00 |
Prospectus Supplement Dated August 5, 2024 | |
Initial trades settle flat and clear SDFS: DTC Book-Entry only |
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DTC Number 0235 via RBC Dain Rauscher Inc. |
If the maturity date, redemption date or an interest payment date for any note is not a business day (as that term is defined in the prospectus), principal, premium, if any, and interest for that note is paid on the next business day, and no interest will accrue from, and after, the maturity date, redemption date or interest payment date (following unadjusted business day convention).
* The survivors option feature of your note is subject to important limitations, restrictions and procedural requirements further described on page S-52 of your prospectus supplement.
The Bank of New York will act as trustee for the Notes. Citibank, N.A., will act as paying agent, registrar and transfer agent for the Notes and will administer any survivors options with respect thereto.
In the opinion of John M. Cafiero, as counsel to Prudential Financial, Inc. (the Company), when the notes offered by this pricing supplement have been executed and issued by the Company and authenticated by the trustee pursuant to the indenture, and delivered against payment as contemplated herein, such notes will be valid and binding obligations of the Company, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability related to affecting creditors rights and to general equity principles. This opinion is given as of the date hereof and is limited to the laws of New Jersey and New York. In addition, this opinion is subject to customary assumptions about the trustees authorization, execution and delivery of the indenture and the genuineness of signatures and to such counsels reliance on officers of the Company and other sources as to certain factual matters, all as stated in the opinion of John M. Cafiero, dated August 5, 2024, filed in the Companys Current Report on Form 8-K dated August 5, 2024 and incorporated by reference as Exhibit 5.2 to the Companys registration statement on Form 3-ASR (File No. 333-277590).
InterNotes® is a registered trademark of InspereX Holdings LLC. All Rights Reserved.
Security Type |
Security Class Title |
Fee Calculation or Carry Forward Rule |
Amount Registered |
Proposed Maximum Offering Price Per Unit |
Maximum Aggregate Offering Price |
Fee Rate |
Amount of Registration Fee |
Carry Forward Form Type |
Carry Forward File Number |
Carry Forward Initial effective date |
Filing Fee Previously Paid In Connection with Unsold Securities to be Carried Forward | |||||||||||||
Newly Registered Securities | ||||||||||||||||||||||||
Paid |
$ |
$ |
$ | per $1 million$ |
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Paid |
$ |
$ |
$ | per $1 million$ |
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Paid |
$ |
$ |
$ | per $1 million$ |
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Fees Previously Paid |
— | — | — | — | — | — | — | |||||||||||||||||
Carry Forward Securities | ||||||||||||||||||||||||
Carry Forward Securities |
— | — | — | — | — | — | — | — | — | |||||||||||||||
Total Offering Amounts | $ |
$ |
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Total Fees Previously Paid | ||||||||||||||||||||||||
Total Fee Offsets | ||||||||||||||||||||||||
Net Fee Due | $ |
Submission |
Aug. 21, 2024 |
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Submission [Line Items] | |
Central Index Key | 0001137774 |
Registrant Name | Prudential Financial, Inc. |
Registration File Number | 333-277590 |
Form Type | S-3 |
Submission Type | 424B2 |
Fee Exhibit Type | EX-FILING FEES |
Offerings |
Aug. 21, 2024
USD ($)
shares
|
---|---|
Offering: 1 | |
Offering: | |
Fee Previously Paid | false |
Rule 457(r) | true |
Security Type | Debt |
Security Class Title | Senior Unsecured Notes |
Amount Registered | shares | 4,815,000 |
Proposed Maximum Offering Price per Unit | 1 |
Maximum Aggregate Offering Price | $ 4,815,000 |
Fee Rate | 0.01476% |
Amount of Registration Fee | $ 710.69 |
Offering Note | The prospectus supplement to which this exhibit is attached is a final prospectus for the related offering. The maximum amount of that offering is $25,959,000. |
Offering: 2 | |
Offering: | |
Fee Previously Paid | false |
Rule 457(r) | true |
Security Type | Debt |
Security Class Title | Senior Unsecured Notes |
Amount Registered | shares | 1,527,000 |
Proposed Maximum Offering Price per Unit | 1 |
Maximum Aggregate Offering Price | $ 1,527,000 |
Fee Rate | 0.01476% |
Amount of Registration Fee | $ 225.39 |
Offering Note | The prospectus supplement to which this exhibit is attached is a final prospectus for the related offering. The maximum amount of that offering is $25,959,000. |
Offering: 3 | |
Offering: | |
Fee Previously Paid | false |
Rule 457(r) | true |
Security Type | Debt |
Security Class Title | Senior Unsecured Notes |
Amount Registered | shares | 19,617,000 |
Proposed Maximum Offering Price per Unit | 1 |
Maximum Aggregate Offering Price | $ 19,617,000 |
Fee Rate | 0.01476% |
Amount of Registration Fee | $ 2,895.47 |
Offering Note | The prospectus supplement to which this exhibit is attached is a final prospectus for the related offering. The maximum amount of that offering is $25,959,000. |
Fees Summary |
Aug. 21, 2024
USD ($)
|
---|---|
Fees Summary [Line Items] | |
Total Offering | $ 25,959,000 |
Previously Paid Amount | 0 |
Total Fee Amount | 3,831.56 |
Total Offset Amount | 0 |
Net Fee | $ 3,831.56 |
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