Prudential (PFH) prices $11.69M InterNotes; 2036 tranche callable from 06/15/2028
Rhea-AI Filing Summary
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.
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Insights
Two senior unsecured note tranches priced with multi‑year maturities and semi‑annual fixed interest.
The pricing supplement lists a $9,052,000 tranche maturing 06/15/2031 at a stated yield/coupon of 4.600% and a $2,635,000 tranche maturing 06/15/2036 at 5.100%. Both pay interest semi‑annually with first cash interest on 12/15/2026.
Key structural items: the 2031 tranche is non‑callable while the 2036 tranche is callable at 100.000% on and after 06/15/2028. The survivor’s option is available but limited per the prospectus supplement; investors should reference the supplement for procedural constraints.
Standard offering mechanics with listed selling concessions and trustee/agent appointments.
The document specifies selling price at 100.000%, gross concessions of 0.6000% and 0.9000%, and net proceeds figures for each tranche. The Bank of New York is trustee; Citibank, N.A., is paying/transfer agent.
Redemption and payment conventions follow the prospectus: business‑day adjustments apply and short‑notice redemption mechanics for the callable tranche are described. Legal opinion language states the notes, when issued and authenticated, will be valid obligations subject to standard bankruptcy and similar law qualifications.
Key Figures
Key Terms
Survivor’s option financial
InterNotes® market
Gross concession financial
Callable at 100.000% financial
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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. 42 - Dated Monday, June 1, 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 | ||||||||||||
| 74432BBX5 |
$9,052,000.00 | 100.000% | 1.250% | $8,938,850.00 | Fixed | 4.600% | Semi-Annual | 06/15/2031 | 12/15/2026 | $24.41 | Yes | Senior Unsecured Notes | ||||||||||||
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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 Dec 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 0.6000% 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
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| 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 | ||||||||||||
| 74432BBY3 |
$2,635,000.00 | 100.000% | 1.800% | $2,587,570.00 | Fixed | 5.100% | Semi-Annual | 06/15/2036 | 12/15/2026 | $27.06 | Yes | Senior Unsecured Notes | ||||||||||||
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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 Dec 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 06/15/2028 and every interest payment date thereafter.
This tranche of Prudential Financial, Inc. InterNotes (CUSIP 74432BBY3) will be subject to redemption at the option of Prudential Financial, Inc., in whole on the interest payment date occurring on 06/15/2028 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
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| Offering Date: Tuesday, May 26, 2026 through Monday, June 1, 2026 |
Prudential Financial, Inc. | |
| Trade Date: Monday, June 1, 2026 @ 12:00 PM ET |
Prudential Financial Internotes® | |
| Settle Date: Thursday, June 4, 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 |
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| DTC Number 0235 via RBC Dain Rauscher Inc. |
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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 Compan 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.