Prudential Financial (PFH) offers fixed InterNotes maturing 2031–2036

Rhea-AI Filing Summary

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.

Key Figures

Interest Rate 2031 Notes: 4.900% Interest Rate 2033 Notes: 5.150% Interest Rate 2036 Notes: 5.400% +5 more

8 metrics

Interest Rate 2031 Notes 4.900% Fixed annual interest rate on notes maturing August 15, 2031

Interest Rate 2033 Notes 5.150% Fixed annual interest rate on notes maturing August 15, 2033

Interest Rate 2036 Notes 5.400% Fixed annual interest rate on notes maturing August 15, 2036

First Interest Payment 2031 $22.87 First semi-annual interest payment per $1,000 principal on February 15, 2027 for 2031 notes

First Interest Payment 2033 $24.03 First semi-annual interest payment per $1,000 principal on February 15, 2027 for 2033 notes

First Interest Payment 2036 $25.20 First semi-annual interest payment per $1,000 principal on February 15, 2027 for 2036 notes

Minimum Denomination $1,000.00 Minimum denomination and increment for each InterNotes security

Call Price 2036 Notes 100.000% Redemption price for 2036 notes on or after August 15, 2028

Key Terms

Survivor’s Option, Senior Unsecured Notes, InterNotes, Non-Callable, +1 more

5 terms

Survivor’s Option financial

"The survivor’s option feature of your note is subject to important limitations"

A survivor’s option is a built‑in choice in a pension, life insurance policy, or executive benefit that decides what a designated beneficiary receives if the primary recipient dies — for example a smaller continuing monthly payment, a one‑time lump sum, or continued coverage. It matters to investors because these options affect a company’s future cash obligations and the real value of executive pay; like choosing between a smaller steady income versus a one‑time payout, they change how much the company may owe later.

Senior Unsecured Notes financial

"Yes | | Senior Unsecured Notes We will pay you interest on the notes"

Senior unsecured notes are a type of loan a company borrows from investors, promising to pay back with interest. They are called "unsecured" because they aren’t backed by specific assets like buildings or equipment, but "senior" because they are paid back before other debts if the company gets into trouble. Investors see them as a relatively safer way for companies to raise money.

InterNotes financial

"This tranche of Prudential Financial, Inc. InterNotes (CUSIP 74432BCE6)"

Non-Callable financial

"Redemption Information: Non-Callable Purchasing Agent: InspereX LLC"

Non-callable describes a bond or similar debt security that the issuer cannot repay or cancel before its scheduled maturity date, so the investor is guaranteed the agreed interest payments and return of principal on the original timeline. This matters to investors because it removes the risk that the issuer will redeem the issue early when interest rates fall—think of it like a rental agreement the landlord cannot terminate early—so income is more predictable but the holder also bears full interest-rate price swings.

unadjusted business day convention financial

"following unadjusted business day convention"

Offering Details

shelf

Offering

Offering Type shelf

FAQ

What notes is Prudential Financial (PFH) offering in this August 2026 InterNotes issue?

Prudential Financial is offering senior unsecured InterNotes with fixed interest rates of 4.900% (2031 maturity), 5.150% (2033), and 5.400% (2036), paying interest semi-annually. The notes include a survivor’s option and are issued under an automatically effective registration statement.

What are the maturity dates and coupons for the new Prudential Financial (PFH) InterNotes?

The InterNotes have maturities on August 15, 2031 at 4.900%, August 15, 2033 at 5.150%, and August 15, 2036 at 5.400%. All pay fixed-rate interest on a semi-annual basis every February 15 and August 15.

When do interest payments begin on the Prudential Financial (PFH) InterNotes?

Interest on all tranches begins with the first payment on February 15, 2027. Payments are made semi-annually on February 15 and August 15 thereafter, with record dates on each business day preceding an interest payment date, following an unadjusted business day convention.

Which Prudential Financial (PFH) InterNotes tranche is callable and on what terms?

The 2036 InterNotes tranche bearing 5.400% interest is callable. Prudential may redeem it at 100.000% of principal plus accrued interest on August 15, 2028 and on any interest payment date thereafter, with at least 30 calendar days’ prior notice.

What are the offering and settlement dates for the Prudential Financial (PFH) InterNotes?

The offering runs from August 17–24, 2026, with a trade date of August 24, 2026 at 12:00 PM ET. The notes settle on August 27, 2026, in DTC book-entry form, initially clearing flat and through DTC number 0235 via RBC Dain Rauscher Inc.

What is the minimum denomination for Prudential Financial (PFH) InterNotes in this offering?

The minimum denomination is $1,000.00, with increments of $1,000.00. The notes are issued as Senior Unsecured Notes under a prospectus dated March 1, 2024 and a prospectus supplement dated August 5, 2024, and are available only in DTC book-entry form.

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

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Available on EDGAR 08/17/2026 - 03:48 PM Accepted by SEC EDGAR 08/17/2026 - 03:46 PM Learn about SEC filing dates

This pricing supplement, which is not complete, relates to an automatically effective Registration Statement under the Securities Act of 1933, as amended. We may not sell the notes until we deliver a final pricing supplement. This pricing supplement and the accompanying prospectus supplement and prospectus are not an offer to sell these notes in any jurisdiction where such an offer would not be permitted.

Subject to completion, dated August 17, 2026

Prudential Financial InterNotes® , Due Six Months or More from Date of Issue Filed under Rule 424(b)(2), Registration Statement No. 333-277590 Preliminary Pricing Supplement No. 47 - Dated Monday, August 17, 2026. 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 Date

1st Interest Payment Amount

Survivor’s Option*

Product Ranking

74432BCC0

[]

100.000%

1.250%

[]

Fixed

4.900%

Semi-Annual

08/15/2031

02/15/2027

$22.87

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, 2027. 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: Academy Securities, Inc., BofA / Merrill Lynch, Citigroup, Morgan Stanley, RBC Capital Markets, Wells Fargo Advisors

CUSIP Number

Aggregate Principal Amount

Selling Price

Gross Concession

Net Proceeds

Interest Type

Interest Rate

Payment Frequency

Maturity Date

1st Interest Payment Date

1st Interest Payment Amount

Survivor’s Option*

Product Ranking

74432BCD8

[]

100.000%

1.450%

[]

Fixed

5.150%

Semi-Annual

08/15/2033

02/15/2027

$24.03

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, 2027. 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 0.6500% of the principal amount. Redemption Information: Non-Callable Purchasing Agent: InspereX LLC  Agents: Academy Securities, Inc., BofA / Merrill Lynch, Citigroup, Morgan Stanley, RBC Capital Markets, Wells Fargo Advisors

CUSIP Number

Aggregate Principal Amount

Selling Price

Gross Concession

Net Proceeds

Interest Type

Interest Rate

Payment Frequency

Maturity Date

1st Interest Payment Date

1st Interest Payment Amount

Survivor’s Option*

Product Ranking

74432BCE6

[]

100.000%

1.800%

[]

Fixed

5.400%

Semi-Annual

08/15/2036

02/15/2027

$25.20

Yes

Senior Unsecured Notes

Subject to our redemption right, 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, 2027. 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 0.9000% of the principal amount. Redemption Information: Callable at 100.000% on 08/15/2028 and every interest payment date thereafter. This tranche of Prudential Financial, Inc. InterNotes (CUSIP 74432BCE6) will be subject to redemption at the option of Prudential Financial, Inc., in whole on the interest payment date occurring on 08/15/2028 and on any interest payment date thereafter at a redemption price equal to 100% of the principal amount of this tranche of Prudential Financial, Inc. InterNotes plus accrued and unpaid interest thereon, if any, upon at least 30 Calendar Days prior notice to the noteholder and the trustee, as described in the prospectus supplement. Additional Information: The notes do not amortize and are not zero coupon or original discount notes. Purchasing Agent: InspereX LLC Agents: Academy Securities, Inc., BofA / Merrill Lynch, Citigroup, Morgan Stanley, RBC Capital Markets, Wells Fargo Advisors

Offering Date: Monday, August 17, 2026 through Monday, August 24, 2026		Prudential Financial, Inc.
Trade Date: Monday, August 24, 2026 @ 12:00 PM ET		Prudential Financial Internotes®
Settle Date: Thursday, August 27, 2026		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
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 survivor’s option feature of your note is subject to important limitations, restrictions and procedural requirements further described on page S-32 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 survivor’s options with respect thereto.

Notes will be sold to you at the selling price specified in this Pricing Supplement. The Purchasing Agent shall purchase notes from us at the selling price less the applicable gross concession specified in this Pricing Supplement. The Purchasing Agent may resell the notes it purchases to the agents and selected dealers at the selling price less a concession that, at the discretion of the Purchasing Agent, may be less than or equal to the gross concession received by the Purchasing Agent. Notes purchased by the agents and selected dealers on behalf of level-fee investment advisory accounts may be sold to such accounts at the selling price less the applicable concession, and such agents and selected dealers shall not retain, as compensation, any portion of such concession applicable to such selling agents and dealers. In that instance, the Purchasing Agent may retain the portion of the gross concession applicable to the Purchasing Agent.

InterNotes® is a registered trademark of InspereX Holdings LLC. All Rights Reserved.