Prudential offers 5.05%–5.70% InterNotes to 2036

Prudential Financial is issuing three fixed-rate senior InterNotes due 2029, 2031 and 2036, all with survivor’s options and one callable tranche from 2028.

Rhea-AI Filing Summary

Prudential Financial, Inc. (PFH) is offering three tranches of Senior Unsecured InterNotes under a prospectus and prospectus supplement, with fixed interest paid semi-annually each March 15 and September 15, beginning March 15, 2027, and a survivor’s option available on each tranche.

The tranches consist of: (1) $17,727,000 principal amount of non-callable notes bearing 5.050% interest and maturing on September 15, 2029; (2) $22,335,000 principal amount of non-callable notes bearing 5.350% interest and maturing on September 15, 2031; and (3) $2,861,000 principal amount of callable notes bearing 5.700% interest and maturing on September 15, 2036, first callable at 100% on September 15, 2028 and on any interest payment date thereafter.

All notes are sold at 100% of principal with selling concessions of 0.825%, 1.250%, and 1.800%, respectively, generating net proceeds of $17,580,752.25, $22,055,812.50, and $2,809,502.00. The offering period runs from September 14 to September 21, 2026, with a trade date of September 21, 2026 and settlement on September 24, 2026 through DTC book-entry.

Key Figures

Principal amount, 5.050% notes due 2029: $17,727,000 Net proceeds, 5.050% notes due 2029: $17,580,752.25 Principal amount, 5.350% notes due 2031: $22,335,000 +5 more

8 metrics

Principal amount, 5.050% notes due 2029 $17,727,000 CUSIP 74432BCS5, Senior Unsecured Notes maturing September 15, 2029

Net proceeds, 5.050% notes due 2029 $17,580,752.25 After 0.825% gross concession on 100% selling price

Principal amount, 5.350% notes due 2031 $22,335,000 CUSIP 74432BCT3, Senior Unsecured Notes maturing September 15, 2031

Net proceeds, 5.350% notes due 2031 $22,055,812.50 After 1.250% gross concession on 100% selling price

Principal amount, 5.700% notes due 2036 $2,861,000 CUSIP 74432BCU0, callable Senior Unsecured Notes maturing September 15, 2036

Net proceeds, 5.700% notes due 2036 $2,809,502.00 After 1.800% gross concession on 100% selling price

First interest payment amounts $23.99, $25.41, $27.08 First payments on March 15, 2027 for the 2029, 2031, and 2036 notes

Offering and settlement window September 14–24, 2026 Offering September 14–21, 2026; trade date September 21; settle September 24

Key Terms

InterNotes, Survivor’s Option, Senior Unsecured Notes, prospectus supplement, +2 more

6 terms

InterNotes financial

"This tranche of Prudential Financial, Inc. InterNotes (CUSIP 74432BCU0)"

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.

prospectus supplement regulatory

"as described in the prospectus supplement"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What types of notes is Prudential Financial (PFH) offering in this 424B2?

Prudential Financial is offering three tranches of Senior Unsecured InterNotes with fixed interest, paid semi-annually, all including a survivor’s option. Two tranches are non-callable notes due 2029 and 2031, and one tranche is callable notes due 2036.

What are the principal amounts and coupons of the new PFH InterNotes?

The offering includes $17,727,000 of 5.050% notes due 2029, $22,335,000 of 5.350% notes due 2031, and $2,861,000 of 5.700% notes due 2036. Each tranche is issued at 100% of principal amount.

When do the new Prudential Financial InterNotes mature and start paying interest?

Maturities are September 15, 2029, September 15, 2031, and September 15, 2036. All notes pay interest semi-annually on March 15 and September 15, with the first interest payment on March 15, 2027 under an unadjusted business day convention.

Which PFH InterNotes are callable and on what terms?

The 5.700% notes due September 15, 2036 (CUSIP 74432BCU0) are callable at 100% of principal plus accrued interest on September 15, 2028 and on any interest payment date thereafter, at Prudential Financial’s option, upon at least 30 calendar days’ notice.

What net proceeds will Prudential Financial receive from these InterNotes?

Net proceeds are $17,580,752.25 for the 2029 notes, $22,055,812.50 for the 2031 notes, and $2,809,502.00 for the 2036 notes, after selling concessions of 0.825%, 1.250%, and 1.800%, respectively.

What are the key offering and settlement dates for the new PFH InterNotes?

The offering period runs from September 14, 2026 through September 21, 2026. The trade date is September 21, 2026 at 12:00 PM ET, and the settle date is September 24, 2026 via DTC book-entry (DTC Number 0235).

Who are the agents and purchasing agent for the Prudential Financial InterNotes?

InspereX LLC acts as purchasing agent. Agents include Academy Securities, Inc., BofA / Merrill Lynch, Citigroup, Morgan Stanley, RBC Capital Markets, and Wells Fargo Advisors. The Bank of New York is trustee and Citibank, N.A. is paying agent, registrar and transfer agent.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/22/2026 - 12:42 PM Accepted by SEC EDGAR 09/22/2026 - 12:41 PM Learn about SEC filing dates

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. 51 - Dated Monday, September 21, 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

74432BCS5

$17,727,000.00

100.000%

0.825%

$17,580,752.25

Fixed

5.050%

Semi-Annual

09/15/2029

03/15/2027

$23.99

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 Mar 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 0.3000% 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

74432BCT3

$22,335,000.00

100.000%

1.250%

$22,055,812.50

Fixed

5.350%

Semi-Annual

09/15/2031

03/15/2027

$25.41

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 Mar 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

74432BCU0

$2,861,000.00

100.000%

1.800%

$2,809,502.00

Fixed

5.700%

Semi-Annual

09/15/2036

03/15/2027

$27.08

Yes

Senior Unsecured Notes

Subject to our redemption right, 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 Mar 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 09/15/2028 and every interest payment date thereafter. This tranche of Prudential Financial, Inc. InterNotes (CUSIP 74432BCU0) will be subject to redemption at the option of Prudential Financial, Inc., in whole on the interest payment date occurring on 09/15/2028 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, September 14, 2026 through Monday, September 21, 2026		Prudential Financial, Inc.
Trade Date: Monday, September 21, 2026 @ 12:00 PM ET		Prudential Financial Internotes®
Settle Date: Thursday, September 24, 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.

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.