Every 424B that Prudential Financial, Inc. 4.125% Junior Subordinated Notes due 2060 (PFH) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow PFH and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PFH filings page.
Prudential Financial, Inc. (PFH) is offering three fixed-rate senior unsecured InterNotes under its shelf registration, each with a survivor’s option and semi-annual interest payments on March 15 and September 15, beginning March 15, 2027.
The three CUSIPs carry principal amounts of $4.673 million at 4.600% maturing September 15, 2028, $8.829 million at 5.100% maturing September 15, 2031, and $3.178 million at 5.500% maturing September 15, 2036. The 2036 tranche is callable at 100% on September 15, 2028 and on any interest payment date thereafter. Notes are issued at 100% of principal, in $1,000 minimum denominations, through InspereX LLC and a syndicate of selling agents.
Prudential Financial, Inc. (PFH) plans to issue three series of Senior Unsecured InterNotes under an automatically effective shelf registration. The tranches carry fixed coupons of 5.050% (due September 15, 2029), 5.350% (due September 15, 2031), and 5.700% (due September 15, 2036). All are priced at 100.000% of principal and pay interest semi-annually on March 15 and September 15, beginning March 15, 2027, with first interest payments per $1,000 of $23.99, $25.41 and $27.08, respectively.
The 2029 and 2031 notes are non-callable, while the 2036 notes are callable at 100.000% on September 15, 2028 and on any subsequent interest payment date. Each tranche includes a survivor’s option and does not amortize or constitute zero-coupon or original issue discount notes. The offering period runs from September 14, 2026 through September 21, 2026, with a trade date of September 21, 2026 and settlement on September 24, 2026 in $1,000 minimum denominations.
Prudential Financial, Inc. (PFH) is offering four tranches of senior unsecured InterNotes under a pricing supplement, each sold at 100% of principal with semi-annual interest payments on March 15 and September 15, beginning March 15, 2027. Principal amounts are $3,217,000, $10,685,000, $3,009,000 and $535,000.
The notes pay fixed coupons of 4.700% (maturing September 15, 2029), 5.050% (maturing September 15, 2031), 5.200% (maturing September 15, 2033) and 5.400% (maturing September 15, 2036). The first three tranches are non-callable; the 2036 notes are callable at 100% on September 15, 2028 and on any interest payment date thereafter.
Each tranche includes a survivor’s option feature and is issued in minimum denominations of $1,000. Net proceeds per tranche are $3,190,459.75, $10,551,437.50, $2,965,369.50 and $525,370.00, reflecting selling concessions to the purchasing agent and selling agents.
Prudential Financial, Inc. (PFH) is offering three series of fixed-rate senior unsecured InterNotes under an automatically effective shelf registration. Each series is sold at 100.000% of principal, pays interest semi-annually on March 15 and September 15 beginning March 15, 2027, and includes a survivor’s option.
The series with CUSIP 74432BCP1 carries a 4.600% coupon and matures on September 15, 2028, with a first interest payment amount of $22.74. CUSIP 74432BCQ9 has a 5.100% coupon, maturing on September 15, 2031, with a first interest payment amount of $25.22. Concessions to dealers may be up to 0.550% and 1.250% of principal, respectively.
CUSIP 74432BCR7 pays 5.500%, matures on September 15, 2036, and has a first interest payment amount of $27.19. This tranche is non-amortizing and is redeemable at Prudential Financial’s option at 100.000% of principal plus accrued interest on September 15, 2028 and on any interest payment date thereafter, upon at least 30 calendar days’ notice.
Prudential Financial, Inc. (PFH) is offering four tranches of Senior Unsecured InterNotes at 100% of principal, with aggregate principal per tranche of $4,534,000 (4.600% due 09/15/2029), $12,441,000 (5.000% due 09/15/2031), $3,121,000 (5.150% due 09/15/2033), and $4,942,000 (5.450% due 09/15/2036).
Each tranche pays fixed interest on a semi-annual basis on March 15 and September 15, beginning March 15, 2027, with a Survivor’s Option available. Three tranches are non-callable, while the 2036 notes are callable at 100% on 09/15/2028 and on any interest payment date thereafter.
The offering period runs from August 24–31, 2026, with a trade date of August 31, 2026 and settlement on September 3, 2026. Minimum denomination and increment are $1,000, and sales concessions range from 0.825% to 1.800% depending on the tranche.
Prudential Financial, Inc. (PFH) is offering multiple tranches of InterNotes under an automatically effective shelf registration. Each tranche is issued at 100.000% of principal as fixed-rate senior unsecured notes with semi-annual interest payments on March 15 and September 15, starting March 15, 2027.
The notes include: a 4.700% tranche maturing 09/15/2029 (first interest payment amount $24.02 per $1,000); a 5.050% tranche maturing 09/15/2031 (first payment $25.81); a 5.200% tranche maturing 09/15/2033 (first payment $26.58); and a 5.400% tranche maturing 09/15/2036, callable at 100.000% on 09/15/2028 and on any interest payment date thereafter (first payment $27.60). All tranches include a survivor’s option.
The offering period runs from August 31, 2026 through September 8, 2026, with a trade date of September 8, 2026 and settlement on September 11, 2026. Minimum denomination is $1,000. InspereX LLC acts as purchasing agent, with several major broker-dealers as agents, earning gross concessions between 0.825% and 1.800% of principal, depending on the tranche.
Prudential Financial, Inc. (PFH) is offering three series of fixed-rate senior unsecured InterNotes under a prospectus dated March 1, 2024 and a prospectus supplement dated August 5, 2024. The notes are issued in minimum denominations of $1,000 and settle through DTC book-entry.
The series include: (1) $7,446,000 4.900% notes maturing August 15, 2031, priced at 100.000% with a 1.250% gross concession and $7,352,925 net proceeds; (2) $9,516,000 5.150% notes maturing August 15, 2033, 100.000% price, 1.450% gross concession and $9,378,018 net proceeds; and (3) $3,869,000 5.400% notes maturing August 15, 2036, 100.000% price, 1.800% gross concession and $3,799,358 net proceeds.
All series pay interest semi-annually on February 15 and August 15, beginning February 15, 2027, include a survivor’s option, and do not amortize. The 2031 and 2033 notes are non-callable. The 2036 notes are callable at 100.000% on August 15, 2028 and on any interest payment date thereafter, plus accrued and unpaid interest, upon at least 30 calendar days’ notice.
PRUDENTIAL FINANCIAL INC (symbol PFH) is offering multiple tranches of InterNotes under an automatically effective shelf registration, each at a 100.000% selling price and issued as Senior Unsecured Notes with a survivor’s option. The notes are issued in minimum denominations of $1,000 and will settle on September 3, 2026.
The tranches include fixed-rate notes paying semi-annual interest on March 15 and September 15, starting March 15, 2027, with stated coupons of 4.600% maturing on September 15, 2029, 5.000% maturing on September 15, 2031, 5.150% maturing on September 15, 2033, and 5.450% maturing on September 15, 2036. The 2036 tranche is callable at 100.000% on September 15, 2028 and on any interest payment date thereafter. InspereX LLC acts as Purchasing Agent, with several major broker-dealers as selling agents, earning gross concessions ranging from 0.825% to 1.800% of principal amount depending on the tranche.
Prudential Financial, Inc. (PFH) is offering three series of Senior Unsecured InterNotes under a prospectus dated March 1, 2024 and prospectus supplement dated August 5, 2024. The notes are offered in minimum denominations of $1,000, in book‑entry form through DTC.
The tranches are: CUSIP 74432BB98, $11,071,000 principal at a fixed 4.900% rate maturing 08/15/2031 (non‑callable); CUSIP 74432BCA4, $7,782,000 at 5.100% maturing 08/15/2033 (non‑callable); and CUSIP 74432BCB2, $3,603,000 at 5.350% maturing 08/15/2036, callable at 100% on 08/15/2028 and on any interest payment date thereafter.
Each tranche is sold at 100.000% of principal with gross concessions of 1.250%, 1.450%, and 1.800%, respectively, resulting in net proceeds of $10,932,612.50, $7,669,161.00, and $3,538,146.00. Interest is paid semi‑annually on February 15 and August 15, starting February 15, 2027, and each note includes a survivor’s option subject to limitations.
Prudential Financial, Inc. is offering multiple tranches of InterNotes as senior unsecured debt securities under an automatically effective registration statement, with this pricing supplement marked as subject to completion dated August 17, 2026.
The notes pay semi-annual interest each February 15 and August 15, starting February 15, 2027. One tranche bears 4.900% fixed interest and matures on August 15, 2031, another bears 5.150% fixed interest and matures on August 15, 2033, and a third bears 5.400% fixed interest and matures on August 15, 2036. The first interest payments per $1,000 are $22.87, $24.03, and $25.20 respectively. The 2031 and 2033 tranches are non-callable, while the 2036 tranche is callable at 100.000% on August 15, 2028 and on any interest payment date thereafter, plus accrued and unpaid interest.
The notes are offered at 100.000% of principal with selling concessions between 1.250% and 1.800%, include a survivor’s option, use an unadjusted business day convention, and are issued in $1,000 minimum denominations via DTC book-entry. The offering period runs from August 17 through August 24, 2026, with a trade date of August 24, 2026 and settlement on August 27, 2026.
Prudential Financial, Inc. is offering three series of InterNotes under an automatically effective shelf registration, with a minimum denomination of $1,000 and increments of $1,000. All notes are issued at 100.000% of principal and pay interest semi-annually on February 15 and August 15, beginning February 15, 2027.
The first series (CUSIP 74432BB98) is a non-callable senior unsecured note maturing on August 15, 2031 with a fixed coupon of 4.900% and an initial interest payment of $23.82 per $1,000. The second series (CUSIP 74432BCA4) is also non-callable, maturing on August 15, 2033, with a fixed coupon of 5.100% and an initial payment of $24.79 per $1,000. The third series (CUSIP 74432BCB2) is a callable senior unsecured note maturing on August 15, 2036, with a fixed coupon of 5.350%, callable at 100.000% on August 15, 2028 and on any interest payment date thereafter, and an initial payment of $26.01 per $1,000.
Each tranche includes a survivor’s option and may be sold through InspereX LLC and a syndicate of agents, with selling concessions up to 0.6000%, 0.6500%, and 0.9000% of principal amount, respectively. Offering runs from August 10, 2026 to August 17, 2026, with trade date August 17, 2026 and settlement on August 20, 2026.
Prudential Financial, Inc. is offering multiple tranches of senior unsecured InterNotes through a prospectus supplement. The excerpt lists three tranches with aggregate principal amounts of $3,337,000.00, $2,901,000.00, and $2,343,000.00, each sold at 100.000% of principal.
Interest is fixed and paid semi-annually on Jun 15 and Dec 15, first payment on Dec 15, 2026. Maturities are stated as 06/15/2031, 06/15/2033, and 06/15/2036. One tranche (CUSIP 74432BB80) is callable at 100.000% beginning 06/15/2028. The offering dates run from June 15, 2026 through June 22, 2026, with settlement on June 25, 2026.
Prudential Financial, Inc. is offering three tranches of senior unsecured InterNotes with aggregate principal amounts of $10,077,000, $6,230,000 and $2,520,000. Each tranche sells at 100.000% with semi-annual interest payments and first payment on 12/15/2026.
The tranches carry stated interest rates of 4.700% (maturing 06/15/2031), 4.900% (maturing 06/15/2033) and 5.100% (maturing 06/15/2036). The 74432BB56 tranche is callable at 100.000% on 06/15/2028 and on any interest payment date thereafter. Offering and trade dates run from 06/08/2026 through 06/15/2026, with settlement on 06/18/2026.
Prudential Financial, Inc. is offering multiple tranches of senior unsecured InterNotes under an automatically effective registration statement, with fixed semi-annual interest and $1,000 minimum denominations. Tranches shown carry stated coupon rates of 4.650%, 4.850% and 5.050% with maturities of 06/15/2031, 06/15/2033 and 06/15/2036, respectively. The notes pay interest each Jun 15 and Dec 15, first payment on 12/15/2026, and settle on 06/25/2026. The 2036 tranche (CUSIP 74432BB80) is callable at 100.000% on 06/15/2028 and on each interest payment date thereafter. Selling price is listed at 100.000% and selling concessions (dealer discounts) are disclosed per tranche. Other terms (aggregate principal amount and final pricing) are subject to completion in a final pricing supplement.
Prudential Financial, Inc. offers two tranches of Senior Unsecured Notes in a priced InterNotes® placement: $3,527,000 aggregate principal at 100.000% with a 4.650% fixed coupon maturing 06/15/2031, and $3,216,000 aggregate principal at 100.000% with a 4.850% fixed coupon maturing 06/15/2033. Interest is paid semi-annually on Jun 15 and Dec 15, with the first payment on 12/15/2026. Each tranche is non-callable and sold at the specified selling price less stated gross concessions. Settlement is DTC book-entry; trades date on 06/08/2026 and settle on 06/11/2026.
Prudential Financial, Inc. has filed a pricing supplement (subject to completion, dated June 08, 2026) for InterNotes comprised of three tranches of senior unsecured notes. The supplement lists three fixed-rate tranches: 4.70% maturing 06/15/2031, 4.90% maturing 06/15/2033, and 5.10% maturing 06/15/2036. Each tranche shows an initial selling price of 100.000%, semi-annual interest payments on Jun 15 and Dec 15 with the first payment on 12/15/2026, and specified gross concession rates. One tranche (5.10%, maturing 06/15/2036) is callable beginning 06/15/2028 at 100.000%. Additional procedural details, dealer discounts, settlement (DTC book-entry), and a survivor’s option feature are disclosed; the supplement states the notes are non-amortizing.
Prudential Financial, Inc. is offering $750,000,000 aggregate principal amount of 6.250% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due June 15, 2056. Interest accrues from June 4, 2026 at 6.250% to the initial reset date and thereafter at the five-year Treasury rate plus 1.779%. Interest is payable semi-annually on June 15 and December 15, beginning December 15, 2026. The notes are unsecured, subordinated and pari passu with specified junior subordinated securities and will rank junior to all senior indebtedness. Net proceeds are expected to be approximately $741 million, to be used for general corporate purposes, which may include redemption or repurchase of the 2047 notes.
Prudential Financial, Inc. priced two tranches of Senior Unsecured InterNotes®: $9,052,000 maturing on 06/15/2031 with a stated interest rate of 4.600% and a coupon paid at a fixed 4.600% (first cash interest payment 12/15/2026, amount $24.41 per $1,000 note); and $2,635,000 maturing on 06/15/2036 with a stated interest rate of 5.100% and first cash interest payment 12/15/2026 (amount $27.06 per $1,000 note).
The notes are offered at 100.000% of principal, include survivor’s option features (subject to limitations in the prospectus supplement), pay interest semi‑annually on Jun 15 and Dec 15, and list redemption mechanics: the 2031 tranche is described as non‑callable, the 2036 tranche is callable at 100.000% beginning 06/15/2028. Concessions to selling agents are specified (up to 0.6000% and 0.9000% respectively). Settlement is 06/04/2026.
Prudential Financial, Inc. is offering two series of senior unsecured notes through a pricing supplement dated June 1, 2026. One series (CUSIP 74432BBZ0) carries a 4.650% fixed interest rate maturing 06/15/2031 with a selling price of 100.000% and a gross concession of 1.250%. The first interest payment of $23.77 is payable on 12/15/2026.
The second series (CUSIP 74432BB23) carries a 4.850% fixed interest rate maturing 06/15/2033 with a selling price of 100.000% and a gross concession of 1.450%. The first interest payment of $24.79 is payable on 12/15/2026. Interest on both series is paid semi‑annually on Jun 15 and Dec 15.
The offering period runs June 1, 2026 through June 8, 2026, trade date is June 8, 2026, and settlement is June 11, 2026. Notes are non‑callable, sold at the stated selling price in minimum denominations of $1,000, and include a survivor's option feature described in the prospectus supplement.
Prudential Financial, Inc. is offering fixed-to-fixed reset junior subordinated notes due June 15, 2056. The notes bear a fixed rate until the initial reset date of June 15, 2036, then reset every five years to the five-year Treasury rate plus a spread. Interest is payable semi-annually and may be deferred by Prudential for one or more consecutive interest periods up to five years. The notes are unsecured, subordinated and rank pari passu with specified other junior subordinated securities; they are junior to all senior indebtedness and structurally subordinated to liabilities of subsidiaries. Prudential intends to use net proceeds for general corporate purposes, which may include the redemption or repurchase of up to $750,000,000 aggregate principal amount of its 2047 notes.
Prudential Financial, Inc. is offering $10,000,000 aggregate principal of Senior Unsecured Notes at a selling price of 100.000% under a pricing supplement to the Prospectus dated March 1, 2024 (supplement dated August 5, 2024). The notes pay interest at 4.650% per annum semi‑annually, mature on 05/15/2031, and make their first interest payment on 11/15/2026 with a first payment amount of $21.44 per $1,000 denomination. The offering period runs May 18–26, 2026 with trade date May 26, 2026 and settle date May 29, 2026. The pricing supplement discloses a gross concession of 1.250% and net proceeds of $9,875,000. The notes are non‑callable and include a survivor’s option subject to limitations described in the prospectus supplement.
Prudential Financial, Inc. is offering InterNotes in two fixed-rate tranches that price at 100.000%. One tranche matures on 06/15/2031 with a stated interest rate of 4.600% and a first interest payment of $24.41 on 12/15/2026. A second tranche matures on 06/15/2036 with a stated interest rate of 5.100% and a first interest payment of $27.06 on 12/15/2026. The 2036 tranche is callable at 100.000% beginning 06/15/2028. Both tranches pay interest semi-annually on Jun 15 and Dec 15, settle 06/04/2026, and are sold through a purchasing agent and listed dealer agents.
Prudential Financial, Inc. offers a tranche of InterNotes (CUSIP 74432BBV9) with an aggregate principal amount of $7,473,000 sold at 100.000% of principal and a stated interest rate of 5.000% per annum. The notes pay interest semi‑annually beginning on 11/15/2026 and mature on 05/15/2036.
The notes are callable at 100.000% beginning on 05/15/2028, are senior unsecured, sold in minimum increments of $1,000, and include a survivor's option subject to limitations described in the prospectus supplement.
Prudential Financial, Inc. is offering Senior Unsecured Notes (CUSIP 74432BBW7) under an automatically effective registration statement; terms in this pricing supplement are subject to completion and a final pricing supplement will be delivered. The notes carry a fixed 4.650% interest rate, pay semi‑annually on May 15 and Nov 15, mature on 05/15/2031, and have an initial selling price of 100.000%. The first interest payment date is 11/15/2026 with a listed first payment amount of $21.44 per $1,000 principal. The offering window is May 18–26, 2026, trade date 05/26/2026, and settle date 05/29/2026. Minimum denomination is $1,000. The survivor’s option feature is described in the prospectus supplement.
Prudential Financial, Inc. offers a tranche of Senior Unsecured InterNotes® with a 5.000% fixed annual interest rate and a stated maturity date of 05/15/2036. Interest is paid semi‑annually on May 15 and Nov 15, with the first payment on 11/15/2026 and a first interest payment amount of $24.17 per $1,000 denomination. The notes are callable at 100.000% beginning 05/15/2028 and on each interest payment date thereafter, subject to at least 30 calendar days' notice. The selling price shown is 100.000% with a gross concession of 1.800%. Trades: offering period May 11–18, 2026, trade date 05/18/2026, settle date 05/21/2026. This pricing supplement is subject to completion and the final pricing supplement must be delivered before sales occur.
Prudential Financial, Inc. is offering $50,728,000.00 aggregate principal amount of senior unsecured notes due 03/15/2031 at a selling price of 100.000%, with a stated coupon of 4.100% and a fixed interest payment of $21.64 on the first payment date 09/15/2026.
The notes pay interest semi‑annually on Mar 15 and Sep 15, are non‑callable, include a survivor’s option (subject to limitations), and were offered between 02/23/2026 and 03/02/2026.
Prudential Financial, Inc. is offering a tranche of InterNotes with an aggregate principal amount of $8,056,000.00 at a selling price of 100.000%. The notes pay interest at 4.650% per annum, with semi-annual payments beginning on 08/15/2026, mature on 02/15/2036, and are callable in whole at 100.000% on 02/15/2028 and on each interest payment date thereafter. The pricing shows a gross concession of 1.800% and net proceeds of $7,910,992.00. The notes are senior unsecured and sold in minimum increments of $1,000.00, DTC book-entry only.
Prudential Financial, Inc. offers senior unsecured notes in a pricing supplement subject to completion, dated February 23, 2026. The notes carry a fixed interest rate of 4.100% per annum, pay interest semi‑annually on Mar 15 and Sep 15, and mature on 03/15/2031. The first interest payment is on 09/15/2026. The selling price is listed as 100.000% with a gross concession of 1.250%. The CUSIP is 74432BBU1. The offering period runs from February 23, 2026 through March 2, 2026, with trade date March 2, 2026 and settle date March 5, 2026. The survivor’s option feature is indicated as available and is described as subject to limitations in the prospectus supplement.
Prudential Financial, Inc. is offering a new tranche of InterNotes with a fixed interest rate of 4.650% per year, priced at 100.000% of principal. The notes pay interest semi-annually on February 15 and August 15, starting August 15, 2026, and mature on February 15, 2036.
The notes are senior unsecured obligations and include a survivor’s option, subject to limitations described in the prospectus supplement. They are callable at 100.000% of principal on February 15, 2028 and on any interest payment date thereafter, plus accrued and unpaid interest. The minimum denomination is $1,000, in $1,000 increments.
Sales are made through InspereX LLC as purchasing agent and several named agents, with a gross concession of 1.800% and possible dealer discounts up to 0.9000% of principal. If a payment date falls on a non-business day, payment will be made on the next business day without additional interest.
Prudential Financial, Inc. is offering $77,658,000 of fixed-rate senior unsecured notes due December 15, 2030. The notes carry a 4.200% annual interest rate and are priced at 100.000% of principal, with net proceeds to the company of $76,687,275.00 after a 1.250% gross concession.
Interest will be paid semi-annually on June 15 and December 15, starting on June 15, 2026, with an initial interest payment amount of $19.72 per $1,000 note. The notes are non-callable and include a survivor’s option feature subject to limitations described in the prospectus supplement.
The offering period runs from December 15, 2025 through December 22, 2025, with a trade date of December 22, 2025 and settlement on December 26, 2025. The minimum denomination is $1,000. The Bank of New York acts as trustee, and Citibank, N.A. serves as paying agent, registrar and transfer agent.
Prudential Financial, Inc. is offering a tranche of InterNotes with an aggregate principal amount of $10,059,000. These senior unsecured notes carry a fixed interest rate of 4.800% per year, paid semi-annually on June 15 and December 15, beginning on June 15, 2026, and mature on December 15, 2035. The selling price is 100.000% of principal, with net proceeds of $9,877,938.00 after a 1.800% gross concession.
The notes are callable at 100.000% of principal on December 15, 2027 and on any interest payment date thereafter, plus accrued and unpaid interest if redeemed. They include a survivor’s option, subject to the limitations described in the related prospectus supplement. The Bank of New York will serve as trustee, and Citibank, N.A. will act as paying agent, registrar and transfer agent. InspereX LLC is the purchasing agent, with several major broker-dealers acting as selling agents.
Prudential Financial is offering fixed-rate senior unsecured InterNotes that pay 4.800% annual interest and mature on December 15, 2035. Investors receive semi-annual interest payments on June 15 and December 15, starting June 15, 2026, with the first payment shown as $23.60 per $1,000 note.
The notes are issued at 100.000% of principal, with a 1.800% gross selling concession retained by the purchasing agent and dealers. Prudential may redeem the entire tranche at 100.000% of principal plus accrued interest on December 15, 2027 and on any later interest payment date, after at least 30 calendar days’ notice. The notes include a survivor’s option, are offered in $1,000 minimum denominations, and are distributed through InspereX LLC alongside major broker-dealers.
Prudential Financial is offering $2,316,000 of fixed-rate senior unsecured InterNotes due November 15, 2035, bearing interest at 4.650% per year.
Interest is paid on a semi-annual basis on May 15 and November 15, starting May 15, 2026, with the first interest payment amount of $21.57. The notes are callable at 100.000% of principal on November 15, 2027 and on any interest payment date thereafter, with at least 30 calendar days’ prior notice. A survivor’s option is included, subject to important limitations and procedures described in the prospectus supplement.
Net proceeds to Prudential Financial are $2,274,312 after a 1.800% gross concession. InspereX LLC acts as purchasing agent with several major broker-dealers as agents, The Bank of New York serves as trustee, and Citibank, N.A. is paying agent, registrar and transfer agent. If any payment date is not a business day, payment is made on the next business day without additional interest.