Company: FCNCB
Filing Date: 2025-03-06
Form Type: 424B5
Source: 0001193125-25-047965
Chunk: 68

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-06
Form: 424B5
Chunk 68
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 successor rate. If we (or our designee), in our sole discretion, determine that there is no reasonable comparable source, then the Five-year U.S. Treasury Rate on the subordinated notes reset determination date will be %,
which is the initial fixed interest rate minus % per annum. The Five-year U.S. Treasury Rate will be determined by the calculation agent on the subordinated notes reset determination date. The calculation agent will notify us within
one Business Day of the interest rate from and after the subordinated notes reset date. We will promptly provide the calculation agent’s determination (or our determination as described above) of the Five-Year U.S. Treasury Rate to the Trustee.
Absent manifest error, the calculation agent’s determination of the Five-Year U.S. Treasury Rate will be binding and conclusive on you and the Trustee. The calculation agent’s determination of any interest rate will be on file at our
principal offices and will be made available to any holder of subordinated notes upon request.

“H.15” means the daily
statistical release designated as such, or any successor publication, published by the Federal Reserve.

Interest accruing on the
subordinated notes shall be calculated on the basis of a 360-day year consisting of twelve 30-day months. Dollar amounts resulting from that calculation will be rounded
to the nearest cent, with one-half cent being rounded upward.

If any subordinated notes interest
payment date falls on a date that is not a Business Day, payment of principal and interest will be postponed to the next day that is a Business Day, but interest on that payment will not accrue during the period from and after the interest payment
date.

The regular record dates for the subordinated notes will be the fifteenth calendar day preceding each subordinated notes interest
payment date, whether or not a Business Day.

Ranking; Subordination

The subordinated notes will be unsecured, subordinated obligations of BancShares. The subordinated notes will rank equally in right of payment
and upon our liquidation with any of our existing and all of our future

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indebtedness the terms of which provide that such indebtedness ranks equally with the subordinated notes and senior in right of payment and upon our liquidation to any of our future indebtedness the terms of which provide that such indebtedness ranks junior in right of payment to the subordinated notes. Our obligation to make any payment on account of the subordinated notes will be subordinated in right of payment and junior to our Senior Ind