Prudential Financial plans 5%–5.65% note offering

The notes have $1,000 minimum denominations and increments, and each tranche includes a survivor’s option subject to stated limitations.

Available on EDGAR 11/09/2026 - 03:08 PM EST Accepted by SEC EDGAR 11/09/2026 - 03:07 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Prudential Financial, Inc. has set terms for three tranches of senior unsecured notes, subject to completion; it may not sell them until it delivers a final pricing supplement. Each tranche is priced at 100.000% of principal and pays fixed interest semi-annually on May 15 and November 15, beginning May 15, 2027. The 2029, 2031 and 2036 notes carry annual rates of 5.000%, 5.250% and 5.650%, respectively.

The 2029 and 2031 notes are non-callable. Prudential Financial may redeem the 2036 notes starting November 15, 2028, on an interest payment date, at 100% of principal plus accrued and unpaid interest, after at least 30 calendar days’ notice. The offering period is November 9–16, 2026; the trade date is November 16, and the settlement date is November 19, 2026.

Key Figures

Interest rate, 2029 tranche: 5.000% per annum Interest rate, 2031 tranche: 5.250% per annum Interest rate, 2036 tranche: 5.650% per annum +4 more

7 metrics

Interest rate, 2029 tranche 5.000% per annum Fixed rate; maturity November 15, 2029

Interest rate, 2031 tranche 5.250% per annum Fixed rate; maturity November 15, 2031

Interest rate, 2036 tranche 5.650% per annum Fixed rate; maturity November 15, 2036

Maturity date, 2029 tranche November 15, 2029 Senior unsecured notes

Maturity date, 2031 tranche November 15, 2031 Senior unsecured notes

Maturity date, 2036 tranche November 15, 2036 Senior unsecured notes

Selling price 100.000% of principal Applies to each tranche

Key Terms

Senior Unsecured Notes, Survivor’s option, Gross Concession, Non-Callable, +1 more

5 terms

Senior Unsecured Notes financial

"Senior Unsecured 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.

Survivor’s option financial

"The survivor’s option feature of your note"

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.

Gross Concession financial

"Gross Concession"

Non-Callable financial

"Redemption Information: Non-Callable"

Non-callable describes a bond or similar debt security that the issuer cannot repay or cancel before its scheduled maturity date, so the investor is guaranteed the agreed interest payments and return of principal on the original timeline. This matters to investors because it removes the risk that the issuer will redeem the issue early when interest rates fall—think of it like a rental agreement the landlord cannot terminate early—so income is more predictable but the holder also bears full interest-rate price swings.

unadjusted business day convention financial

"following unadjusted business day convention"

Offering Details

shelf

Offering

Offering Type shelf

Securities Offered Senior unsecured notes

Price Range 100.000%

FAQ

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

What interest rates and maturities does PFH’s note offering include?

The three tranches carry fixed annual interest rates of 5.000%, 5.250% and 5.650%, with maturity dates of November 15, 2029, November 15, 2031 and November 15, 2036, respectively.

Do PFH’s notes include a survivor’s option?

Yes. Each tranche lists a survivor’s option, subject to important limitations, restrictions and procedural requirements described in the prospectus supplement.

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

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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 November 09, 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. 52 - Dated Monday, November 9, 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

74432BCV8

[]

100.000%

0.825%

[]

Fixed

5.000%

Semi-Annual

11/15/2029

05/15/2027

$24.44

Yes

Senior Unsecured Notes

We will pay you interest on the notes on a Semi-Annual basis on May 15th and Nov 15th. The first such payment will be made on May 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

74432BCW6

[]

100.000%

1.250%

[]

Fixed

5.250%

Semi-Annual

11/15/2031

05/15/2027

$25.67

Yes

Senior Unsecured Notes

We will pay you interest on the notes on a Semi-Annual basis on May 15th and Nov 15th. The first such payment will be made on May 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

74432BCX4

[]

100.000%

1.800%

[]

Fixed

5.650%

Semi-Annual

11/15/2036

05/15/2027

$27.62

Yes

Senior Unsecured Notes

Subject to our redemption right, we will pay you interest on the notes on a Semi-Annual basis on May 15th and Nov 15th. The first such payment will be made on May 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 11/15/2028 and every interest payment date thereafter. This tranche of Prudential Financial, Inc. InterNotes (CUSIP 74432BCX4) will be subject to redemption at the option of Prudential Financial, Inc., in whole on the interest payment date occurring on 11/15/2028 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, November 9, 2026 through Monday, November 16, 2026		Prudential Financial, Inc.
Trade Date: Monday, November 16, 2026 @ 12:00 PM ET		Prudential Financial Internotes®
Settle Date: Thursday, November 19, 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.