FINAL TERMSPROHIBITION OF SALES TO EEA RETAIL INVESTORS: The Notes are not intended to beoffered, sold or otherwise made available to, and should not be offered, sold or otherwise made available to, anyretail investor in the European Economic Area (the "EEA"). For these purposes, a retail investor means a person
who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (asamended, "EU MiFID II"); or (ii) a customer within the meaning of Directive (EU) 2016/97, where that customerwould not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II or (iii) not a qualified
investor as defined in Directive 2003/71/EC (as amended or superseded). Consequently no key information
document required by Regulation (EU) No 1286/2014 (as amended, the "EU PRIIPs Regulation") for offeringor selling the Notes or otherwise making them available to retail investors in the EEA has been prepared andtherefore offering or selling the Notes or otherwise making them available to any retail investor in the EEA maybe unlawful under the PRIIPs Regulation.
PROHIBITION OF SALES TO UK RETAIL INVESTORS: The Notes are not intended to be offered,sold or otherwise made available to and should not be offered, sold or otherwise made available to any retailinvestor in the United Kingdom ("UK"). For these purposes, a retail investor means a person who is one (or more)of: (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part ofdomestic law by virtue of the European Union (Withdrawal) Act 2018 ("EUWA"); or (ii) a customer within themeaning of the provisions of the FSMA and any rules or regulations made under the Financial Services andMarkets Act 2000 (the "FSMA") to implement Directive (EU) 2016/97, where that customer would not qualify
as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part ofdomestic law by virtue of the EUWA. Consequently no key information document required by Regulation (EU)No 1286/2014 as it forms part of domestic law by virtue of the EUWA (the "UK PRIIPs Regulation") for offeringor selling the Notes or otherwise making them available to retail investors in the UK has been prepared andtherefore offering or selling the Notes or otherwise making them available to any retail investor in the UK may
be unlawful under the UK PRIIPs Regulation.
EU MiFID II PRODUCT GOVERNANCE / PROFESSIONAL INVESTORS AND ECPS ONLYTARGET MARKET: Solely for the purposes of each manufacturer's product approval process, the target market
assessment in respect of the Notes has led to the conclusion that: (i) the target market for the Notes is eligible
counterparties and professional clients only, each as defined in EU MiFID II; and (ii) all channels for distributionof the Notes to eligible counterparties and professional clients are appropriate. Any person subsequently offering,
selling or recommending the Notes (a "distributor") should take into consideration the manufacturers' target
market assessment; however, a distributor subject to EU MiFID II is responsible for undertaking its own target
market assessment in respect of the Notes (by either adopting or refining the manufacturers' target market
assessment) and determining appropriate distribution channels.
UK MIFIR product governance / Professional investors and ECPs only target market: Solely forthe purposes of each manufacturer's product approval process, the target market assessment in respect of the Notes
has led to the conclusion that: (i) the target market for the Notes is only eligible counterparties, as defined in theFCA Handbook Conduct of Business Sourcebook ("COBS"), and professional clients, as defined in Regulation(EU) No 600/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UKMiFIR"); and (ii) all channels for distribution of the Notes to eligible counterparties and professional clients areappropriate. Any person subsequently offering, selling or recommending the Notes (a "distributor") should take
into consideration the manufacturers' target market assessment; however, a distributor subject to the FCA
Handbook Product Intervention and Product Governance Sourcebook (the "UK MiFIR Product Governance
Rules") is responsible for undertaking its own target market assessment in respect of the Notes (by either adoptingor refining the manufacturers' target market assessment) and determining appropriate distribution channels.

Final Terms dated 23 September 2022
Mitsubishi UFJ Financial Group, Inc.
Issue of USD 115,000,000 10 Year Fixed Rate Notes due September 2032
under theMitsubishi UFJ Financial Group, Inc.
andMUFG Bank, Ltd.
U.S.$50,000,000,000 Medium Term Note Programme
PART A – CONTRACTUAL TERMS
Any person making or intending to make an offer of the Notes may only do so in circumstances in which
no obligation arises for the Issuer or any Dealer to publish a prospectus pursuant the Prospectus Regulation (EU)2017/1129 (the "EU Prospectus Regulation") or the Prospectus Regulation (EU) 2017/1129 (as it forms part ofdomestic law in the United Kingdom by virtue of the European Union (Withdrawal) Act 2018 (the "UKProspectus Regulation") or supplement a prospectus pursuant to the EU Prospectus Regulation or the UK
Prospectus Regulation, in each case, in relation to such offer.
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in
the Base Prospectus dated 5 August 2022 and the supplementary Base Prospectus dated 31 August 2022 (together,the "Base Prospectus"). This document constitutes the Final Terms of the Notes described herein and must beread in conjunction with the Base Prospectus. In order to get the full information on the Issuer and the offer of
the Notes, both the Base Prospectus and these Final Terms must be read in conjunction. The Base Prospectus andthe supplementary Prospectus have been published on www.bourse.lu and are available for viewing during normal
business hours at the specified office of the Principal Paying Agent.

1.

Issuer:Mitsubishi UFJ Financial Group, Inc.

2.

(i)

Series Number:

27(ii)

Tranche Number:

1(iii)

Date on which the Notes become Not Applicablefungible:3.

Specified Currency or Currencies:

4.

Aggregate Nominal Amount:

United States Dollar (“USD”)(i)

Series:USD 115,000,000(ii)Tranche:USD 115,000,000

5.

Issue Price:

100 per cent. of the Aggregate Nominal Amount

6.

(i)

Specified Denominations:

USD 200,000 and integral multiples of USD 1,000 inexcess thereof(ii)

Calculation Amount:

USD 1,000(i)Issue Date:

27 September 2022

(ii)

Interest Commencement Date:

Issue Date

7.

8.

Maturity Date:

27 September 2032

9.

Interest Basis:5.410 per cent. Fixed Rate

10.

Redemption/Payment Basis:

Redemption at par11.

Call/Put Option:

Not Applicable

12.

Status of the Notes:

Unsubordinated13.

Date on which approval for issuance of Not Applicable
Notes obtained:

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14.

Fixed Rate Note Provisions:Applicable(i)

Rate of Interest:

5.410 per cent. per annum payable in arrear on each Interest
Payment Date(ii)Interest Payment Date(s):Semi-annually on 27 March and 27 September in each year
from and including 27 March 2023 (the First InterestPayment Date) up to and including the Maturity Dateadjusted in accordance with the Following Business Day
Convention, with no adjustments for period end dates.
Business Days: TARGET2, New York and Tokyo.

(iii)

Fixed Coupon Amount(s):54.10 per Calculation Amount(iv)

Broken Amount(s):Not Applicable(v)

Day Count Fraction:

30/360PROVISIONS RELATING TO REDEMPTION
15.

Call Option:

Not Applicable16.

Put Option (the Bank only):

Not Applicable

17.

Final Redemption Amount of each Note: USD 1,000 per Calculation Amount18.

Early Redemption Amount (Tax)

USD 1,000 per Calculation Amount19.

Early Redemption Amount(Regulatory)

Not Applicable

20.

Early Termination AmountUSD 1,000 per Calculation Amount

GENERAL PROVISIONS APPLICABLE TO THE NOTES
21.

Form of Notes:

Bearer Notes:
Temporary Global Note exchangeable for a Permanent
Global Note which is exchangeable for Definitive Notes inthe limited circumstances specified in the Permanent
Global Note

22.

New Global Note:

Yes

23.

Additional Financial Centre(s):Not Applicable

24.

Talons for future Coupons to be No
attached to Definitive Notes (and dates
on which such Talons mature):

25.

Details relating to Partly Paid Notes (the Not Applicable
Bank only):
Amount of each payment comprising theIssue Price and date on which eachpayment is to be made and consequences(if any) of failure to pay, including any
right of the Issuer to forfeit the Notes andinterest due on late payment:

26.

Details relating to Instalment Notes (the Not Applicable
Bank only):
Amount of each instalment, date on which
each payment is to be made:27.

Other terms or special conditions:

Not ApplicableRESPONSIBILITY
The Issuer accepts responsibility for the information contained in these Final Terms.
Signed on behalf of the Issuer:
By:

Duly authorised

PART B – OTHER INFORMATIONLISTING
1.
ANDTRADING2.

ADMISSION TO

Not Applicable

RATINGSRatings:

The Programme has been rated, as follows:
Moody's Japan K.K.): A1
R&I: A+3.

INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER
MUFG Securities EMEA plc, a subsidiary of the Issuer, will participate in the offering as a Manager/Dealer.
Save for any fees payable to the Manager/Dealer, so far as the Issuer is aware, no person involved inthe offer of the Notes has an interest material to the offer. The Manager Dealer and their affiliates
have engaged, and may in the future engage, in investment banking and/or commercial banking
transactions with, and may perform other services for, the Issuer and its affiliates in the ordinary courseof business.

4.

REASONS FOR THE OFFER
Reasons for the offer:

5.

As set out in the Base Prospectus

Fixed Rate Notes only – YIELD
Indication of yield:

5.410 per cent. Fixed Rate per annum
The yield is calculated at the Issue Date on the basis ofthe Issue Price. It is not an indication of future yield.

6.

Dual Currency Notes only – PERFORMANCE OF RATE OF EXCHANGE
Performance of rate of exchange:

7.

Not Applicable

OPERATIONAL INFORMATION
(i)

(ii)

Securities identification codes:-

ISIN Code:XS2536922276-Common Code:253692227

Any clearing system(s) other thanEuroclear Bank S.A./N.V. andClearstream Banking S.A., and

Not Applicabletherelevant
number(s):8.

9.

identification(iii)

Delivery:

Delivery against payment(iv)

Namesandaddressesofadditional Paying Agent(s) ordepository agents (includingRegistrar) (if any):

Not Applicable(v)Intended to be held in a manner
which would allow Eurosystemeligibility:

Yes. Note that this designation "yes" simply means thatthe Notes are intended upon issue to be deposited with
one of the ICSDs as common safekeeper. Note that thisdoes not necessarily mean that the Notes will berecognised as eligible collateral for Eurosystem monetary
policy and intra-day credit operations by the Eurosystemeither upon issue or at any or all times during their life.
Such recognition will depend upon the ECB being
satisfied that Eurosystem eligibility criteria have been
met.

DISTRIBUTION(i)

Method of distribution:

Non-syndicated(ii)

If syndicated:

Not Applicable(iii)

If non-syndicated,Dealer:

(iv)

U.S.
Selling
Restrictions(Categories of potential investors
to which the Notes are offered):Reg. S Compliance Category 2; TEFRA D(v)

Additional selling restrictions:

Not Applicable(vi)

Prohibition of Sales to EEA Retail
Investors:

Applicable(vii)

Prohibition of Sales to UK Retail
Investors:

Applicable

nameofMUFG Securities EMEA plc

TAX REDEMPTION(i)Agreement Date:

15 September 2022