Company: CFG-PE
Filing Date: 2025-07-23
Form Type: 424B2
Source: 0001193125-25-163534
Chunk: 14

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-07-23
Form: 424B2
Chunk 14
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 stock that rank junior to the Series I Preferred Stock in the payment of dividends or in the distribution of assets upon our           
 liquidation, dissolution or winding up (“junior stock”), on a parity with the Series B Preferred Stock, the Series C Preferred Stock, the Series E Preferred Stock, the Series F Preferred Stock, the Series G Preferred Stock and the                    
 Series H Preferred Stock, and senior to or on a parity with each other series of our preferred stock we may issue (except for any senior series that may be issued upon the requisite vote or consent of the holders of at least two thirds of the shares 
 of the Series I Preferred Stock at the time outstanding and entitled to vote, voting together as a single class with any other series of preferred stock entitled to vote thereon, to the exclusion of all other series of preferred stock, with respect  
 to the payment of dividends and distributions of assets upon any liquidation, dissolution or winding-up of the Company).                                                                                                                                  |

S-5

| We will generally be able to pay dividends and distributions upon any liquidation, dissolution or winding up of the Company only out of funds legally available for such payment (i.e., after satisfaction of all                                        
 our liabilities to creditors, if any) and pro rata as to the Series B Preferred Stock, Series C Preferred Stock, Series E Preferred Stock, Series F Preferred Stock, Series G Preferred Stock, Series H Preferred Stock and Series I Preferred Stock and 
 any other stock designated as ranking on a parity with the Series I Preferred Stock as to payment of current dividends (“dividend parity stock”) and distributions upon any liquidation, dissolution or winding up of the Company, as                    
 applicable.                                                                                                                                                                                                                                              |

| Maturity: | The Series I Preferred Stock does not have any maturity date, and we are not required to redeem the Series I Preferred Stock. Accordingly, the Series I Preferred Stock will remain outstanding indefinitely, unless and until we decide to redeem 
 it.                                                                                                                                                                                                                                                |

| Preemptive and Conversion Rights: | None. |

| Listing: | Application will be made to list the Depositary Shares on the New York Stock Exchange under the symbol “CFG PfI.” If approved for listing, trading of the Depositary Shares on the New York Stock Exchange is expected to commence within a 
 30-day period after the initial delivery of the Depositary Shares.                                                                                                                                                                          |

| Tax Consequences: | If you are a non-corporate U.S. holder, dividends paid to you will generally qualify for taxation at preferential rates if