Prudential prices InterNotes tranches at par
Prudential Financial, Inc. is offering multiple tranches of senior unsecured InterNotes through a prospectus supplement.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Prudential Financial, Inc. is offering multiple tranches of senior unsecured InterNotes through a prospectus supplement. The excerpt lists three tranches with aggregate principal amounts of $3,337,000.00, $2,901,000.00, and $2,343,000.00, each sold at 100.000% of principal.
Interest is fixed and paid semi-annually on Jun 15 and Dec 15, first payment on Dec 15, 2026. Maturities are stated as 06/15/2031, 06/15/2033, and 06/15/2036. One tranche (CUSIP 74432BB80) is callable at 100.000% beginning 06/15/2028. The offering dates run from June 15, 2026 through June 22, 2026, with settlement on June 25, 2026.
Insights
Multiple fixed-rate senior unsecured tranches priced at par with staggered maturities.
The excerpt shows three internote tranches sold at 100.000% with fixed coupon rates of 4.650%, 4.850%, and 5.050% and semi-annual interest payments starting 12/15/2026. One tranche (CUSIP 74432BB80) is explicitly callable at 100.000% on 06/15/2028 and thereafter, per the prospectus supplement.
Cash-flow treatment and underwriting concessions are disclosed per tranche (up to 0.6000% or 0.9000% discounts to certain dealers). Further details on the survivor’s option limitations are referenced to the prospectus supplement page S-32.
Deal structure: non-amortizing senior notes with clear settlement and paying-agent arrangements.
The notes do not amortize and are not zero-coupon or original discount instruments. Citibank, N.A. is named as paying agent, registrar and transfer agent; The Bank of New York is trustee. Settlement is via DTC book-entry on 06/25/2026.
Redemption and business-day conventions are specified (next business day adjustment). The survivor’s option exists but is subject to restrictions detailed in the supplement.
Key Figures
Key Terms
InterNotes financial
survivor’s option regulatory
callable financial
DTC book-entry market
Offering Details
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What tranches of InterNotes is Prudential (PFH) offering?
When are interest payments and what is the first payment date?
What are the stated maturities and coupon rates for the tranches?
Is any tranche callable and what are the redemption terms?
What are the offering and settlement dates for the InterNotes?
Who are the agents and which institutions handle paying/settlement duties?
Are there dealer concessions or discounts on these notes?
AI-generated analysis. How Rhea-AI works. Not financial advice.
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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. 45 - Dated Monday, June 22, 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 | ||||||||||||
| 74432BB64 |
$3,337,000.00 | 100.000% | 1.250% | $3,295,287.50 | Fixed | 4.650% | Semi-Annual | 06/15/2031 | 12/15/2026 | $21.96 | Yes | Senior Unsecured Notes | ||||||||||||
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
| 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 | ||||||||||||
| 74432BB72 |
$2,901,000.00 | 100.000% | 1.450% | $2,858,935.50 | Fixed | 4.850% | Semi-Annual | 06/15/2033 | 12/15/2026 | $22.90 | 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 0.6500% 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
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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 | ||||||||||||
| 74432BB80 |
$2,343,000.00 | 100.000% | 1.800% | $2,300,826.00 | Fixed | 5.050% | Semi-Annual | 06/15/2036 | 12/15/2026 | $23.85 | 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 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 74432BB80) 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
| Offering Date: Monday, June 15, 2026 through Monday, June 22, 2026 |
Prudential Financial, Inc. | |
| Trade Date: Monday, June 15, 2026 @ 12:00 PM ET Monday, June 22, 2026 @ 12:00 PM ET |
Prudential Financial Internotes® | |
| Settle Date: Thursday, June 25, 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.
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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.
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