Prudential Financial, Inc. to Redeem 5.20% Fixed-to-Floating Rate Junior Subordinated Notes due 2044
14 Fevereiro 2024 - 10:35AM
Business Wire
Prudential Financial, Inc. (NYSE: PRU) announced today that it
will redeem all of the $500,000,000 outstanding aggregate principal
amount of its 5.20% Fixed-to-Floating Rate Junior Subordinated
Notes due 2044 (CUSIP/ISIN No. 744320AN2 / US744320AN25) (the
“Notes”). The Notes will be redeemed on March 15, 2024 at a
redemption price equal to 100% of the principal amount of the
Notes, plus accrued and unpaid interest to, but excluding, the
redemption date.
A notice of redemption is being sent to all currently registered
holders of the Notes by the trustee, The Bank of New York Mellon.
For more information, holders of the Notes may call The Bank of New
York Mellon at 1-800-254-2826.
This release does not constitute a notice of redemption of the
Notes.
FORWARD-LOOKING STATEMENTS
Certain of the statements included in this release constitute
forward-looking statements within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are made based on management’s current expectations and
beliefs concerning future developments and their potential effects
upon Prudential Financial, Inc. and its subsidiaries. Prudential
Financial, Inc.’s actual results may differ, possibly materially,
from expectations or estimates reflected in such forward-looking
statements. Certain important factors that could cause actual
results to differ, possibly materially, from expectations or
estimates reflected in such forward-looking statements can be found
in the “Risk Factors” and “Forward-Looking Statements” sections
included in Prudential Financial, Inc.’s Annual Reports on Form
10-K and Quarterly Reports on Form 10-Q. Prudential Financial, Inc.
does not undertake to update any particular forward-looking
statement included in this release.
ABOUT PRUDENTIAL
Prudential Financial, Inc. (NYSE: PRU), a global financial
services leader and premier active global investment manager with
approximately $1.4 trillion of assets under management as of
December 31, 2023, has operations in the United States, Asia,
Europe, and Latin America. Prudential’s diverse and talented
employees help make lives better and create financial opportunity
for more people by expanding access to investing, insurance, and
retirement security. Prudential’s iconic Rock symbol has stood for
strength, stability, expertise, and innovation for nearly 150
years. For more information, please visit news.prudential.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240214765430/en/
MEDIA: Laura Edling, laura.edling@prudential.com
Prudential Financial (NYSE:PRU)
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