NatWest Group prices $1B senior notes due 2032

The 5.908% notes are due in 2032, with the offering scheduled to close October 16, 2026, subject to customary conditions.

Rhea-AI Filing Summary

NatWest Group plc (NWG) completed pricing of USD 1,000,000,000 of 5.908% Senior Callable Fixed-to-Fixed Reset Rate Notes due 2032. Proceeds to NWG, before expenses and underwriting discounts, are USD 1,000,000,000 and will be used to fund its general banking business.

The offering is scheduled to close on October 16, 2026, subject to the satisfaction of customary conditions. NWG has filed a registration statement, including a prospectus, for the offering.

Key Figures

Notes proceeds before expenses and underwriting discounts: USD 1,000,000,000 Interest rate: 5.908% Maturity year: 2032 +1 more

4 metrics

Notes proceeds before expenses and underwriting discounts USD 1,000,000,000 Proceeds to NWG for the notes offering

Interest rate 5.908% Senior Callable Fixed-to-Fixed Reset Rate Notes

Maturity year 2032 Senior Notes due in 2032

Scheduled closing date October 16, 2026 Offering closing is subject to satisfaction of customary conditions

Key Terms

Senior Callable Fixed-to-Fixed Reset Rate Notes, underwriting discounts, registration statement

3 terms

Senior Callable Fixed-to-Fixed Reset Rate Notes financial

"5.908% Senior Callable Fixed-to-Fixed Reset Rate Notes due 2032"

underwriting discounts financial

"before expenses and underwriting discounts"

The portion of a securities offering that underwriters keep as payment for arranging and selling the issue, often expressed as the gap between what the issuer receives and the price paid by public investors. It matters to investors because it reduces the net proceeds the company raises and signals how much institutional middlemen are charging — like a broker’s commission — which can affect a deal’s economics and the degree of dilution for existing shareholders.

registration statement regulatory

"filed a registration statement (including a prospectus)"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

FAQ

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

What notes did NWG price?

NatWest Group plc priced USD 1,000,000,000 of 5.908% Senior Callable Fixed-to-Fixed Reset Rate Notes due 2032. Proceeds to NWG before expenses and underwriting discounts are USD 1,000,000,000.

When will NWG's notes offering close?

The offering is scheduled to close on October 16, 2026, subject to the satisfaction of customary conditions.

What will NWG use the notes proceeds for?

NatWest Group plc will use the USD 1,000,000,000 of proceeds to fund its general banking business.

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

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Available on EDGAR 10/14/2026 - 08:11 AM EDT Accepted by SEC EDGAR 10/14/2026 - 08:10 AM EDT 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

October, 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

14 October 2026

NatWest Group plc (“NWG”) completed the pricing of its USD 1,000,000,000 5.908% Senior Callable Fixed-to-Fixed Reset Rate Notes due 2032 (the “Senior Notes”).

The proceeds to NWG (before expenses and underwriting discounts) of USD 1,000,000,000 from the Senior Notes will be used to fund NWG’s general banking business.

The offering is scheduled to close on 16 October 2026, subject to the satisfaction of customary conditions.

NWG has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates.  Investors should read the prospectus in such registration statement and other documents NWG has filed with the SEC for more complete information about NWG and this offering. You may get these documents for free by visiting the SEC website at www.sec.gov.  Alternatively, copies may be obtained from NatWest Markets Securities Inc., toll free at 1-800-231-5380.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

For further information, please contact:

Scott Forrest

Head of NatWest Treasury DCM

NatWest Group plc

Tel: +44 (0) 131 626 1329

Legal Entity Identifier:  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:	14 October 2026			By:	/s/ Mark Stevens
				Name:	Mark Stevens
				Title:	Assistant Secretary