FORM OF NOTE:
master global form only: Yes
non-global form available:
CUSIP/ISIN:
REDEMPTION AND REPAYMENT: Prior to February 10, 2026, redeemable at a redemption price equal to the greater of (a) 100% of the principal amount of the notes
and (b) the discounted value at CMT rate plus 15 basis points, plus accrued and unpaid interest to but excluding the redemption date. On or after February 10, 2026, redeemable at a redemption price equal to 100% of the principal amount of the
notes, plus accrued and unpaid interest to the redemption date.
INTEREST RATE IS FIXED: Yes
INTEREST RATE IS FLOATING: No
Base Rate:
Base Rate Source:
Initial
Interest Rate:
Spread, if any:
Spread Multiplier, if any:
Interest Determination Dates:
Interest Reset Dates:
Interest
Payment Dates:
Record Dates:
Index Maturity:
Maximum Interest
Rate, if any:
Minimum Interest Rate, if any:
INTEREST PAYMENT DATES: Semi-annually on the 10th day of each March and September, starting September 10, 2020.
DAY COUNT FRACTION: The amount of interest payable for any interest period will be computed on the basis of a 360-day
year of twelve 30-day months.
REPORTS AND EVENTS OF DEFAULT:
The indenture, to the extent relating to the notes offered hereunder, certain notes previously issued under the indenture and all future series
of securities under the indenture, provides that any documents or reports that Prudential Financial, Inc. may be required to file with the Securities and Exchange Commission, or SEC, pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934, as amended, will be filed with the trustee within 15 days after Prudential Financial, Inc. has filed those documents or reports with the SEC. Under the Trust Indenture Act of 1939, as amended, Prudential Financial, Inc. may have a
separate obligation to file with the trustee documents or reports it is required to file with the SEC. Prudential Financial, Inc.s failure to comply with either filing obligation is not an event that will result in an event of default under
the indenture. Accordingly, acceleration of Prudential Financial, Inc.s obligations under the notes offered hereunder will not be a remedy for its failure to file those documents or reports with the trustee, and you may have no remedy for the
failure other than an action in damages. For certain other outstanding series of notes of Prudential Financial, Inc., acceleration is a remedy, upon appropriate notice and passage of time, for the holders of those securities for Prudential
Financial, Inc.s failure to file documents or reports with the trustee.
DEFEASANCE APPLIES AS FOLLOWS:
full defeasancei.e., our right to be relieved of all our obligations on the note by placing funds in trust for the investor: Yes
covenant defeasancei.e., our right to be relieved of specified provisions of the note by placing funds in trust for the
investor: Yes