Prudential Financial (NYSE: PFH) prices 4.10% senior notes maturing 2031

Rhea-AI Filing Summary

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.

Insights

Debt Capital Markets Analyst

Fixed-rate senior unsecured notes priced at 4.10%, maturity 03/15/2031.

These notes are listed with a selling price of 100.000% and a stated gross concession of 1.250%. The offering window is Feb 23, 2026–Mar 2, 2026

Purchasing and distribution mechanics name InspereX as Purchasing Agent and multiple dealers; the prospectus dates and survivor’s option limitations are verbatim features to review in the supplement.

Fixed Income Product Specialist

Semi‑annual fixed interest payments begin on 09/15/2026, record dates are business day preceding each payment.

The notes pay interest on Mar 15 and Sep 15 and are non‑callable per the pricing supplement. Trustee and paying agent roles are assigned to Bank of New York and Citibank, N.A.

Investors should consult the prospectus supplement for the survivor’s option limitations and procedural requirements referenced for detailed operational terms.

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 February 23, 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. 39 - Dated Monday,  February 23, 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

74432BBU1

[ ]

100.000%

1.250%

[ ]

Fixed

4.100%

Semi-Annual

03/15/2031

09/15/2026

$21.64

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 Sep 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

Offering Date: Monday, February 23, 2026 through Monday, March 2, 2026		Prudential Financial, Inc.
Trade Date: Monday, March 2, 2026 @ 12:00 PM ET		Prudential Financial Internotes®
Settle Date: Thursday, March 5, 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.

FAQ

What is the interest rate and payment schedule for PFH notes?

The notes carry a fixed interest rate of 4.100% per annum. Interest is paid semi‑annually on Mar 15 and Sep 15, with the first payment on 09/15/2026.

When do the PFH notes mature and what is the selling price?

The notes mature on 03/15/2031. The pricing supplement lists a selling price of 100.000% and a gross concession of 1.250% of principal.

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

The offering period is February 23, 2026 through March 2, 2026. The trade date is March 2, 2026 and the settle date is March 5, 2026.

Are these PFH notes callable or non‑callable?

The pricing supplement describes the notes as Non‑Callable. Specific redemption mechanics and any exceptions are detailed in the accompanying prospectus supplement.

Who are the agents and which entities act as trustee and paying agent?

The Purchasing Agent is InspereX LLC; agents include Academy Securities, BofA/Merrill, Citigroup, Morgan Stanley, RBC and Wells Fargo. Bank of New York is trustee and Citibank, N.A. is paying agent.