Prudential Financial (NYSE: PFH) sells 4.8% InterNotes due 2035

Rhea-AI Filing Summary

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 InterNotes^® , Due Six Months or More from Date of Issue Filed under Rule 424(b)(2), Registration Statement No. 333-277590 Final Pricing Supplement No. 36 - Dated Monday, December 15, 2025. 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

74432BBR8

$10,059,000.00

100.000%

1.800%

$9,877,938.00

Fixed

4.800%

Semi-Annual

12/15/2035

06/15/2026

$23.60

Yes

Senior Unsecured Notes

Subject to our redemption right, we will pay you interest on the notes on a Semi-Annual basis on Jun 15th and Dec 15th. The first such payment will be made on Jun 15, 2026. 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 12/15/2027 and every interest payment date thereafter. This tranche of Prudential Financial, Inc. InterNotes (CUSIP 74432BBR8) will be subject to redemption at the option of Prudential Financial, Inc., in whole on the interest payment date occurring on 12/15/2027 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: BofA / Merrill Lynch, Citigroup, Morgan Stanley, RBC Capital Markets, Wells Fargo Advisors

Offering Date: Monday, December 8, 2025 through Monday, December 15, 2025		Prudential Financial, Inc.
Trade Date: Monday, December 15, 2025 @ 12:00 PM ET		Prudential Financial Internotes®
Settle Date: Thursday, December 18, 2025		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.

In the opinion of John M. Cafiero, as counsel to Prudential Financial, Inc. (the Company), when the notes offered by this pricing supplement have been executed and issued by the Company and authenticated by the trustee pursuant to the indenture, and delivered against payment as contemplated herein, such notes will be valid and binding obligations of the Company, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability related to affecting creditors’ rights and to general equity principles. This opinion is given as of the date hereof and is limited to the laws of New Jersey and New York. In addition, this opinion is subject to customary assumptions about the trustee’s authorization, execution and delivery of the indenture and the genuineness of signatures and to such counsel’s reliance on officers of the Company and other sources as to certain factual matters, all as stated in the opinion of John M. Cafiero, dated August 5, 2024, filed in the Company’s Current Report on Form 8-K dated August 5, 2024 and incorporated by reference as Exhibit 5.2 to the Company’s registration statement on Form 3-ASR (File No. 333-277590).

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

FAQ

What are the key terms of Prudential Financial (PFH) InterNotes CUSIP 74432BBR8?

The InterNotes with CUSIP 74432BBR8 have an aggregate principal amount of $10,059,000.00, a fixed interest rate of 4.800%, pay interest semi-annually, and mature on December 15, 2035. The selling price is 100.000% of principal.

What interest payments do Prudential Financial (PFH) InterNotes investors receive?

The notes pay 4.800% fixed interest per year on a semi-annual basis. Interest is paid on June 15 and December 15, with the first interest payment on June 15, 2026 in the amount of $23.60 per note of the minimum denomination.

When do the Prudential Financial (PFH) InterNotes mature and can they be redeemed early?

The notes mature on December 15, 2035. Prudential Financial may redeem them in whole at its option at 100.000% of principal on December 15, 2027 and on any interest payment date thereafter, plus accrued and unpaid interest, upon at least 30 calendar days prior notice.

What are the net proceeds and concessions on Prudential Financial (PFH) InterNotes?

Net proceeds to Prudential Financial from this tranche are $9,877,938.00. The gross concession on the notes is 1.800% of the principal amount, and certain dealers may receive up to 0.9000% discount from the initial selling price.

Do Prudential Financial (PFH) InterNotes include a survivor’s option?

Yes. The notes include a survivor’s option, allowing repayment upon the death of the beneficial owner, subject to important limitations, restrictions and procedural requirements described in the prospectus supplement.

Who are the trustee, paying agent, and dealers for Prudential Financial (PFH) InterNotes?

The Bank of New York will act as trustee. Citibank, N.A. will serve as paying agent, registrar and transfer agent and will administer any survivor’s options. InspereX LLC is the purchasing agent, with agents including BofA / Merrill Lynch, Citigroup, Morgan Stanley, RBC Capital Markets and Wells Fargo Advisors.

What are the offering, trade, and settlement dates for these Prudential Financial (PFH) notes?

The offering period runs from Monday, December 8, 2025 through Monday, December 15, 2025. The trade date is Monday, December 15, 2025, and the settle date is Thursday, December 18, 2025. The minimum denomination and increments are $1,000.00/$1,000.00.