Prudential offers 4.6%–5.5% notes due 2028–2036

Prudential Financial offers three fixed-rate senior unsecured InterNotes with maturities from 2028 to 2036, one of which is callable starting in 2028.

Rhea-AI Filing Summary

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.

Key Figures

Coupon rate (74432BCP1): 4.600% fixed Coupon rate (74432BCQ9): 5.100% fixed Coupon rate (74432BCR7): 5.500% fixed +5 more

8 metrics

Coupon rate (74432BCP1) 4.600% fixed Interest rate per annum on InterNotes maturing September 15, 2028

Coupon rate (74432BCQ9) 5.100% fixed Interest rate per annum on InterNotes maturing September 15, 2031

Coupon rate (74432BCR7) 5.500% fixed Interest rate per annum on InterNotes maturing September 15, 2036

First interest payment amounts $22.74; $25.22; $27.19 First interest payment amounts for 2028, 2031, and 2036 tranches, payable March 15, 2027

Maximum dealer concessions 0.550%; 1.250%; 0.9000% Maximum discounts from initial selling price for the three CUSIPs

Selling price 100.000% of principal Initial selling price for each InterNotes tranche

Offering period September 8–14, 2026 Offering dates for Prudential Financial InterNotes

Settlement date September 17, 2026 Date notes settle and are issued

Key Terms

Survivor’s Option, Senior Unsecured Notes, InterNotes, DTC Book-Entry, +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 74432BCR7)"

DTC Book-Entry financial

"Initial trades settle flat and clear SDFS: DTC Book-Entry only"

redemption price financial

"at a redemption price equal to 100% of the principal amount"

The redemption price is the amount of money a person receives when they sell or redeem a bond or investment before it matures. It’s important because it determines how much you get back and can affect your overall profit or loss on the investment. Think of it like the price you get when returning a gift card early—it's the value you receive at that time.

Offering Details

shelf

Offering

Offering Type shelf

FAQ

What types of securities is Prudential Financial (PFH) offering in this 424B2?

Prudential Financial is offering three series of fixed-rate senior unsecured InterNotes, each sold at 100.000% of principal, paying semi-annual interest, and including a survivor’s option feature.

What are the interest rates and maturities of the new PFH InterNotes?

The InterNotes pay fixed coupons of 4.600% maturing September 15, 2028 (CUSIP 74432BCP1), 5.100% maturing September 15, 2031 (74432BCQ9), and 5.500% maturing September 15, 2036 (74432BCR7).

When do the PFH InterNotes begin paying interest and how often?

All three InterNotes pay interest on a semi-annual basis on March 15 and September 15. The first interest payment for each series will be made on March 15, 2027.

Which Prudential Financial InterNotes are callable and on what terms?

The tranche with CUSIP 74432BCR7 is callable. It may be redeemed at Prudential Financial’s option in whole at 100.000% of principal plus accrued interest on September 15, 2028 and on any interest payment date thereafter, with at least 30 calendar days’ notice.

What dealer concessions apply to these PFH InterNotes offerings?

For CUSIP 74432BCP1, notes may be sold to dealers at a discount of up to 0.550% of principal. For 74432BCQ9, the discount can be up to 1.250%, and for 74432BCR7, up to 0.9000% of principal.

What are the offering, trade, and settlement dates for the PFH InterNotes?

The offering period runs from September 8, 2026 through September 14, 2026. The trade date is September 14, 2026 at 12:00 PM ET, and the settlement date is September 17, 2026.

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

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Available on EDGAR 09/08/2026 - 03:37 PM Accepted by SEC EDGAR 09/08/2026 - 03:36 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 September 08, 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. 50 - Dated Tuesday, September 8, 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

74432BCP1

[]

100.000%

0.550%

[]

Fixed

4.600%

Semi-Annual

09/15/2028

03/15/2027

$22.74

Yes

Senior Unsecured Notes

We will pay you interest on the notes on a Semi-Annual basis on Mar 15th and Sep 15th. The first such payment will be made on Mar 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 0.2000% 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

74432BCQ9

[]

100.000%

1.250%

[]

Fixed

5.100%

Semi-Annual

09/15/2031

03/15/2027

$25.22

Yes

Senior Unsecured Notes

We will pay you interest on the notes on a Semi-Annual basis on Mar 15th and Sep 15th. The first such payment will be made on Mar 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

74432BCR7

[]

100.000%

1.800%

[]

Fixed

5.500%

Semi-Annual

09/15/2036

03/15/2027

$27.19

Yes

Senior Unsecured Notes

Subject to our redemption right, we will pay you interest on the notes on a Semi-Annual basis on Mar 15th and Sep 15th. The first such payment will be made on Mar 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 09/15/2028 and every interest payment date thereafter. This tranche of Prudential Financial, Inc. InterNotes (CUSIP 74432BCR7) will be subject to redemption at the option of Prudential Financial, Inc., in whole on the interest payment date occurring on 09/15/2028 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: Tuesday, September 8, 2026 through Monday, September 14, 2026		Prudential Financial, Inc.
Trade Date: Monday, September 14, 2026 @ 12:00 PM ET		Prudential Financial Internotes®
Settle Date: Thursday, September 17, 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.