Company: CFG-PE
Filing Date: 2025-02-24
Form Type: 424B2
Source: 0001193125-25-032848
Chunk: 5

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-24
Form: 424B2
Chunk 5
---
 event be higher than the maximum rate permitted by New York law as the same may be modified by United States law of general 
 application and will in no event be lower than zero.                                                                                                                                                                      |

| Day Count Convention | During the Fixed Rate Period, interest will be computed on the basis of a 360-day year consisting of twelve 30-day months. |

| During the Floating Rate Period, interest will be computed on the basis of actual number of days in each Floating Rate Interest Payment Period (or any other relevant period) and a 
 360-day year.                                                                                                                                                                       |

| Interest Payment Dates | With respect to the Fixed Rate Period, interest on the notes will be payable semi-annually in arrears on each     and     , beginning on     , 2025, and ending on                                                 
 , 20  . If any Fixed Rate Interest Payment Date (as defined herein) falls on a day that is not a Business Day (as defined herein), then payment of any interest payable on such date will be postponed to the next 
 succeeding Business Day, with the same force and effect as if made on the date such payment was due, and no interest or other payment will accrue as a result of such delay.                                       |

| During the Floating Rate Period, interest on the notes will be payable quarterly in arrears on the second Business Day                              
 following each Floating Rate Interest Payment Period End-Date (as defined below); provided that the Floating Rate Interest Payment Date (as defined |

S-2

| herein) with respect to the final Floating Rate Interest Payment Period (as defined below) will be the Maturity Date or, if the notes are redeemed during the Floating Rate Period, the redemption 
 date.                                                                                                                                                                                              |

| If the scheduled Maturity Date or redemption date, as applicable, falls on a day that is not a Business Day, then payment of any principal and interest payable on such date will be postponed to the next succeeding 
 Business Day, with the same force and effect as if made on the date such payment was due, and no interest or other payment will accrue as a result of such delay.                                                     |

| Floating Rate Interest Payment Periods | The “Floating Rate Interest Payment Periods” mean the quarterly periods used to calculate interest on the notes during the Floating Rate Period, which is paid on the Floating Rate Interest Payment Dates. |

| With respect to a Floating Rate Interest Payment Date,