NatWest Group to redeem £1B Tier 2 notes

NatWest Group plc has exercised its issuer call option to redeem its £1,000,000,000 Fixed to Fixed Rate Reset Tier 2 Notes due 28 November 2031 (ISIN XS2346516250.

Rhea-AI Filing Summary

NatWest Group plc has exercised its issuer call option to redeem its £1,000,000,000 Fixed to Fixed Rate Reset Tier 2 Notes due 28 November 2031 (ISIN XS2346516250. The Notes will be redeemed on 28 August 2026 at par, together with interest accrued to but excluding the redemption date, under Condition 5(d) (Call Option – Redemption at the Option of the Issuer).

Filing Explained

This Form 6-K furnishes a home-market announcement that schedules redemption of the £1 billion of Tier 2 notes currently outstanding for 28 August 2026, with payment at par plus accrued interest; the filing records a planned redemption, not a completed repayment.

Key Figures

Notes outstanding: £1,000,000,000 Redemption date: 28 August 2026 Original maturity date: 28 November 2031

3 metrics

Notes outstanding £1,000,000,000 Fixed to Fixed Rate Reset Tier 2 Notes currently outstanding and being redeemed

Redemption date 28 August 2026 Date on which NatWest Group will redeem the Tier 2 Notes

Original maturity date 28 November 2031 Stated maturity of the Fixed to Fixed Rate Reset Tier 2 Notes

Key Terms

Fixed to Fixed Rate Reset, Tier 2 Notes, Call Option - Redemption at the Option of the Issuer, Legal Entity Identifiers

4 terms

Fixed to Fixed Rate Reset financial

"£1,000,000,000 Fixed to Fixed Rate Reset Tier 2 Notes due 28 November 2031"

Tier 2 Notes financial

"Fixed to Fixed Rate Reset Tier 2 Notes due 28 November 2031"

Call Option - Redemption at the Option of the Issuer financial

"redeemed pursuant to Condition 5(d) (Call Option - Redemption at the Option of the Issuer)"

Legal Entity Identifiers regulatory

"Legal Entity Identifiers | --------------------------- NatWest Group plc"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is NatWest Group (NWG) doing in this Form 6-K?

NatWest Group plc is redeeming its £1,000,000,000 Fixed to Fixed Rate Reset Tier 2 Notes due 28 November 2031 on 28 August 2026, using its contractual issuer call option.

What is the size of the NatWest Group (NWG) Tier 2 notes being redeemed?

The redemption covers £1,000,000,000 of Fixed to Fixed Rate Reset Tier 2 Notes. This is the full amount of the Notes currently outstanding that are subject to the announced redemption.

When will NatWest Group (NWG) redeem its Tier 2 notes?

NatWest Group plans to redeem the Tier 2 Notes on 28 August 2026. Interest will accrue on the Notes up to, but excluding, that specified Redemption Date under the terms of the securities.

At what price will NatWest Group (NWG) redeem the Tier 2 notes?

The Tier 2 Notes will be redeemed at par, together with interest accrued to but excluding 28 August 2026, as permitted under Condition 5(d) of the Notes (Call Option – Redemption at the Option of the Issuer).

Which NatWest Group (NWG) security is affected by this redemption?

The redemption affects the Fixed to Fixed Rate Reset Tier 2 Notes due 28 November 2031 with ISIN XS2346516250. The entire currently outstanding amount of these Notes is being called.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/04/2026 - 12:36 PM Accepted by SEC EDGAR 08/04/2026 - 12:36 PM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

August, 2026

Commission File Number 001-10306

NatWest Group plc

250 Bishopsgate,

London, EC2M 4AA

United Kingdom

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

The following information was issued as Company announcements in London, England and is furnished pursuant to General Instruction B to the General Instructions to Form 6-K:

NatWest Group plc

4 August 2026

Notice of Redemption

NatWest Group plc (the "Issuer")

The Issuer hereby gives notice to holders of the £1,000,000,000 Fixed to Fixed Rate Reset Tier 2 Notes due 28 November 2031 (ISIN: XS2346516250 (the "Notes")) of the upcoming redemption of the Notes on 28 August 2026. The amount of the Notes currently outstanding is £1,000,000,000.  

Terms used but not defined herein shall have the meaning given to them in the notice of redemption. The Notes are being redeemed pursuant to Condition 5(d) (Call Option - Redemption at the Option of the Issuer) of the Notes at par, together with interest accrued to but excluding the Redemption Date. The Issuer has notified the holders pursuant to the terms of the Notes.

To view the notice, please click on the link below.

http://www.rns-pdf.londonstockexchange.com/rns/2734P_1-2026-8-4.pdf

For further information, please contact:

Scott Forrest

Head of NatWest Treasury DCM

Tel: +44 (0)7747 455969

Legal Entity Identifiers
NatWest Group plc	2138005O9XJIJN4JPN90

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

			NatWest Group plc (Registrant)
Date:	04 August 2026			By:	/s/ Mark Stevens
				Name:	Mark Stevens
				Title:	Assistant Secretary