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

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-24
Form: 424B2
Chunk 25
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 from and including the date the notes are issued (the “issue
date”) or from and including the most recent Fixed Rate Interest Payment Date (as defined below) (whether or not such Fixed Rate Interest Payment Date was a Business Day) for which interest has been paid or provided for with respect to the
notes to, but excluding, the next Fixed Rate Interest Payment Date or, if the notes are redeemed during the Fixed Rate Period, the redemption date. With respect to the Floating Rate Period, accrued interest on the notes will be calculated as
described below. Each of these periods used to calculate accrued interest on the notes is referred to as an “interest period” for the notes. However, interest not punctually paid or duly made available for payment, if any, will be paid
instead to the person in whose name the Note is registered on a special record date rather than on the regular record date.

S-18

“Business Day” means any day that is not a Saturday, a Sunday or a legal holiday
or a day on which banking institutions or trust companies in the City of New York are authorized or obligated by law to close.

Fixed Rate Period

From and including , 2025 to but excluding , 20 (the “Fixed
Rate Period”), the notes will bear interest at % per annum. Such interest will be payable semi-annually in arrears on and of each year (each, a “Fixed Rate Interest Payment
Date”), beginning on , 2025 and ending on , 20 . Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months. If any Fixed Rate Interest Payment Date or, if the notes are redeemed during the Fixed Rate Period, any redemption date, falls on a day that is not a Business Day, then payment of any interest,
principal or premium 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 Period

From and
including , 20 to but excluding Maturity Date (the “Floating Rate Period”), the notes will bear interest at a rate per annum equal to the Accrued Interest Compounding Factor (as defined below)
plus % (the “Spread”), payable quarterly in arrears on each Floating Rate Interest Payment Date (as defined below); provided that,the interest rate on the notes will in no event be higher than