Prudential sells four fixed-rate notes to 2036

Prudential Financial is issuing multiple fixed-rate senior InterNotes with maturities from 2029 to 2036 and coupons between 4.700% and 5.400%.

Rhea-AI Filing Summary

Prudential Financial, Inc. (PFH) is offering four tranches of senior unsecured InterNotes under a pricing supplement, each sold at 100% of principal with semi-annual interest payments on March 15 and September 15, beginning March 15, 2027. Principal amounts are $3,217,000, $10,685,000, $3,009,000 and $535,000.

The notes pay fixed coupons of 4.700% (maturing September 15, 2029), 5.050% (maturing September 15, 2031), 5.200% (maturing September 15, 2033) and 5.400% (maturing September 15, 2036). The first three tranches are non-callable; the 2036 notes are callable at 100% on September 15, 2028 and on any interest payment date thereafter.

Each tranche includes a survivor’s option feature and is issued in minimum denominations of $1,000. Net proceeds per tranche are $3,190,459.75, $10,551,437.50, $2,965,369.50 and $525,370.00, reflecting selling concessions to the purchasing agent and selling agents.

Key Figures

Principal 2029 Notes: $3,217,000 Principal 2031 Notes: $10,685,000 Principal 2033 Notes: $3,009,000 +5 more

8 metrics

Principal 2029 Notes $3,217,000 Senior unsecured notes maturing September 15, 2029, 4.700% coupon

Principal 2031 Notes $10,685,000 Senior unsecured notes maturing September 15, 2031, 5.050% coupon

Principal 2033 Notes $3,009,000 Senior unsecured notes maturing September 15, 2033, 5.200% coupon

Principal 2036 Notes $535,000 Senior unsecured notes maturing September 15, 2036, 5.400% coupon, callable

Net Proceeds 2029 Tranche $3,190,459.75 After 0.825% gross concession on 2029 notes

Net Proceeds 2031 Tranche $10,551,437.50 After 1.250% gross concession on 2031 notes

Minimum Denomination $1,000 Minimum denomination and increment per note

Callable Date 2036 Notes September 15, 2028 First optional redemption date at 100% of principal

Key Terms

Survivor’s Option, Senior Unsecured Notes, InterNotes, pricing supplement, +1 more

5 terms

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.

InterNotes financial

"This tranche of Prudential Financial, Inc. InterNotes (CUSIP 74432BCN6)"

pricing supplement financial

"Notes will be sold to you at the selling price specified in this Pricing Supplement"

A pricing supplement is a short, final document that gives the exact terms of a new securities offering—such as the price, interest rate, size and settlement date—building on the broader prospectus. Think of it as the day’s receipt that turns a general menu into the specific order; investors use it to see the concrete deal terms that determine value, yield and whether to buy.

Purchasing Agent financial

"Purchasing Agent: InspereX LLC Agents: Academy Securities, Inc."

Offering Details

shelf

Offering

Offering Type shelf

FAQ

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

Prudential Financial (PFH) is offering four tranches of senior unsecured InterNotes with fixed interest rates, semi-annual interest payments, survivor’s options, and maturities ranging from September 15, 2029 to September 15, 2036.

What are the coupon rates and maturities of the new PFH InterNotes?

The InterNotes pay fixed coupons of 4.700% maturing September 15, 2029, 5.050% maturing September 15, 2031, 5.200% maturing September 15, 2033, and 5.400% maturing September 15, 2036.

How much principal is being issued in each PFH InterNotes tranche?

Principal amounts are $3,217,000 (2029 maturity), $10,685,000 (2031 maturity), $3,009,000 (2033 maturity), and $535,000 (2036 maturity), each issued at 100.000% of principal value.

When do the new PFH notes start paying interest and how often?

Interest is paid on a semi-annual basis on March 15 and September 15. The first interest payment date for all four tranches is March 15, 2027, with subsequent payments every six months thereafter.

Are any of the new Prudential Financial InterNotes callable?

Yes. The 5.400% notes maturing on September 15, 2036 are callable at 100.000% of principal on September 15, 2028 and on any interest payment date thereafter. The other three tranches are described as Non-Callable.

What are the trade and settlement dates for these PFH InterNotes?

The offering period runs from August 31, 2026 through September 8, 2026, with a trade date of September 8, 2026 at 12:00 PM ET and a settlement date of September 11, 2026.

What net proceeds does Prudential Financial expect from each InterNotes tranche?

Net proceeds are $3,190,459.75 for the 2029 notes, $10,551,437.50 for the 2031 notes, $2,965,369.50 for the 2033 notes, and $525,370.00 for the 2036 notes, after deducting selling concessions.

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

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Available on EDGAR 09/09/2026 - 03:24 PM Accepted by SEC EDGAR 09/09/2026 - 03:23 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. 49 - Dated Tuesday, September 8, 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

74432BCK2

$3,217,000.00

100.000%

0.825%

$3,190,459.75

Fixed

4.700%

Semi-Annual

09/15/2029

03/15/2027

$24.02

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

74432BCL0

$10,685,000.00

100.000%

1.250%

$10,551,437.50

Fixed

5.050%

Semi-Annual

09/15/2031

03/15/2027

$25.81

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

74432BCM8

$3,009,000.00

100.000%

1.450%

$2,965,369.50

Fixed

5.200%

Semi-Annual

09/15/2033

03/15/2027

$26.58

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 0.6500% 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

74432BCN6

$535,000.00

100.000%

1.800%

$525,370.00

Fixed

5.400%

Semi-Annual

09/15/2036

03/15/2027

$27.60

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 74432BCN6) 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, August 31, 2026 through Tuesday, September 8, 2026		Prudential Financial, Inc.
Trade Date: Tuesday, September 8, 2026 @ 12:00 PM ET		Prudential Financial Internotes®
Settle Date: Friday, September 11, 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 Company 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.