Company: PBR
Filing Date: 2025-09-03
Form Type: 424B2
Source: 0001104659-25-086714
Chunk: 22

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-03
Form: 424B2
Chunk 22
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 at a default rate equal to 0.5% in excess of the interest rate on the 20 Notes, from and including
the date when such amounts were due and owing and through and excluding the date of payment of such amounts by PGF or Petrobras.

Despite the Brazilian government’s
ownership interest in Petrobras, the Brazilian government is not responsible in any manner for PGF’s obligations under the 20 Notes
or Petrobras’s obligations under the guaranty for the 20 Notes.

The 20 Notes

The 20 Notes will be general,
senior, unsecured and unsubordinated obligations of PGF having the following basic terms:

The title of the 20 Notes
will be the % Global Notes due 20 ;

The 20 Notes will:

| · | be issued in an aggregate principal amount of 
 U.S.$              ;                          |

| · | mature on       , 20 ; |

| · | bear interest at a rate of       % per annum from    ,                                                                                    
 2025, the date of issuance of the 20    Notes, until maturity or early redemption and until all required amounts due in respect of the 20 
 Notes have been paid;                                                                                                                     |

| · | be issued in global registered form without interest 
 coupons attached;                                    |

| · | be issued and may be transferred only in principal                                   
 amounts of U.S.$2,000 and in integral multiples of U.S.$1,000 in excess thereof; and |

| · | be unconditionally guaranteed by Petrobras pursuant 
 to a guaranty described below under                 
 “—Guaranties.”                                      |

All payments of principal and interest
on the 20 Notes will be paid in U.S. dollars;

Interest on the 20 Notes will be paid semi-annually on and of each year (each of which we refer to as an “interest payment date”), commencing on , 2026 and the regular record date for any interest payment date will be the business day preceding that date;and

In the case of amounts not paid by PGF under the indenture and the 20Notes (or Petrobras under the guaranty for the 20 Notes), interest
will continue to accrue on such amounts at a default rate equal to 0.5% in excess of the interest rate on the 20 Notes, from and including
the date when such amounts were due and owing and through and excluding the date of payment of such amounts by PGF or Petrobras.

Despite