Prudential Financial (PFH) offers 4.9%–5.35% fixed InterNotes due 2031–2036

Rhea-AI Filing Summary

Prudential Financial, Inc. is offering three series of InterNotes under an automatically effective shelf registration, with a minimum denomination of $1,000 and increments of $1,000. All notes are issued at 100.000% of principal and pay interest semi-annually on February 15 and August 15, beginning February 15, 2027.

The first series (CUSIP 74432BB98) is a non-callable senior unsecured note maturing on August 15, 2031 with a fixed coupon of 4.900% and an initial interest payment of $23.82 per $1,000. The second series (CUSIP 74432BCA4) is also non-callable, maturing on August 15, 2033, with a fixed coupon of 5.100% and an initial payment of $24.79 per $1,000. The third series (CUSIP 74432BCB2) is a callable senior unsecured note maturing on August 15, 2036, with a fixed coupon of 5.350%, callable at 100.000% on August 15, 2028 and on any interest payment date thereafter, and an initial payment of $26.01 per $1,000.

Each tranche includes a survivor’s option and may be sold through InspereX LLC and a syndicate of agents, with selling concessions up to 0.6000%, 0.6500%, and 0.9000% of principal amount, respectively. Offering runs from August 10, 2026 to August 17, 2026, with trade date August 17, 2026 and settlement on August 20, 2026.

Key Figures

Coupon Rate 2031 Notes: 4.900% Coupon Rate 2033 Notes: 5.100% Coupon Rate 2036 Notes: 5.350% +5 more

8 metrics

Coupon Rate 2031 Notes 4.900% Fixed interest rate per annum for notes maturing August 15, 2031

Coupon Rate 2033 Notes 5.100% Fixed interest rate per annum for notes maturing August 15, 2033

Coupon Rate 2036 Notes 5.350% Fixed interest rate per annum for notes maturing August 15, 2036

First Interest Payment Amount 2031 $23.82 First semi-annual interest payment per $1,000 principal on February 15, 2027

First Interest Payment Amount 2033 $24.79 First semi-annual interest payment per $1,000 principal on February 15, 2027

First Interest Payment Amount 2036 $26.01 First semi-annual interest payment per $1,000 principal on February 15, 2027

Selling Concession Range 0.6000%–0.9000% Maximum discount from initial selling price to dealers by tranche

Issue Price 100.000% Initial selling price as a percentage of principal amount for each tranche

Key Terms

InterNotes, survivor’s option, senior unsecured notes, gross concession, +2 more

6 terms

InterNotes financial

"This tranche of Prudential Financial, Inc. InterNotes (CUSIP 74432BCB2) will be subject"

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.

gross concession financial

"Selling Price | | Gross Concession | | Net Proceeds | | Interest Type"

DTC Book-Entry financial

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

business day convention financial

"following unadjusted business day convention"

Offering Details

shelf

Offering

Offering Type shelf

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Available on EDGAR 08/10/2026 - 03:04 PM Accepted by SEC EDGAR 08/10/2026 - 03:03 PM Learn about SEC filing dates

FAQ

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

Prudential Financial is offering three series of senior unsecured InterNotes with fixed coupons of 4.900%, 5.100%, and 5.350%, maturing in 2031, 2033, and 2036, respectively, all issued at 100.000% of principal.

What are the maturity dates and coupons for the new PFH InterNotes?

The InterNotes mature on August 15, 2031 at 4.900%, August 15, 2033 at 5.100%, and August 15, 2036 at 5.350%. All are fixed-rate senior unsecured notes paying interest semi-annually.

Is the Prudential Financial (PFH) 2036 InterNote callable and on what terms?

Yes. The 2036 InterNote (CUSIP 74432BCB2) is callable at 100.000% on August 15, 2028 and on any interest payment date thereafter, plus accrued and unpaid interest, upon at least 30 calendar days’ notice.

How often do the new Prudential Financial (PFH) notes pay interest?

All three InterNotes pay interest on a semi-annual basis, on February 15 and August 15 each year. The first interest payment for each series is scheduled for February 15, 2027 to holders of record as of the preceding business day.

What is the survivor’s option feature on these Prudential Financial (PFH) notes?

Each InterNote includes a survivor’s option, allowing certain redemption rights upon the death of a beneficial owner. The feature is subject to limitations, restrictions and procedural requirements described on page S-32 of the prospectus supplement.

What are the key dates and minimum denomination for the PFH InterNotes offering?

The offering period runs August 10–17, 2026, with a trade date of August 17, 2026 and settlement on August 20, 2026. The minimum denomination is $1,000, with increments of $1,000, cleared through DTC book-entry.

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 10, 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. 46 - Dated Monday, August 10, 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

74432BB98

[]

100.000%

1.250%

[]

Fixed

4.900%

Semi-Annual

08/15/2031

02/15/2027

$23.82

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

74432BCA4

[]

100.000%

1.450%

[]

Fixed

5.100%

Semi-Annual

08/15/2033

02/15/2027

$24.79

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

74432BCB2

[]

100.000%

1.800%

[]

Fixed

5.350%

Semi-Annual

08/15/2036

02/15/2027

$26.01

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 74432BCB2) 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 10, 2026 through Monday, August 17, 2026		Prudential Financial, Inc.
Trade Date: Monday, August 17, 2026 @ 12:00 PM ET		Prudential Financial Internotes®
Settle Date: Thursday, August 20, 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.