Company: PBR
Filing Date: 2025-09-05
Form Type: 424B2
Source: 0001104659-25-087755
Chunk: 35

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-05
Form: 424B2
Chunk 35
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 semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 basis points, less
interest accrued to the date of redemption, plus in each case accrued and unpaid interest on the principal amount of such 2030 Notes
to the date of redemption.

PGF will have the right at our option to redeem the 2036Notes, in whole or in part, at any time or from time to time prior to the relevant 2036 Notes Par Call Date,
on at least 10 days’ but not more than 60 days’ notice, at a redemption price equal to the greater of (i) 100% of the principal
amount of such Notes and (ii) the sum of the present values of each remaining scheduled payment of principal and interest thereon that
would be due after the redemption date as if the 2036 Notes were redeemed on the 2036 Notes Par Call Date discounted to the redemption
date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 35 basis points, less
interest accrued to the date of redemption, plus in each case accrued and unpaid interest on the principal amount of such 2036 Notes to
the date of redemption.

A redemption notice may at
PGF’s option be subject to the satisfaction of one or more conditions precedent, and such notice may be rescinded or the redemption
date delayed in the event that any or all such conditions shall not have been satisfied by the redemption date.

“Treasury Rate” means, with respect
to any redemption date, the yield determined by PGF in accordance with the following two paragraphs.

The Treasury Rate shall be determined by PGF after
4:15 p.m., New York City time (or after such time as yields on U.S. government securities are posted daily by the Board of Governors of
the Federal Reserve System), on the third business day preceding the redemption date based upon the yield or yields for the most recent
day that appear after such time on such day in the most recent statistical release published by the Board of Governors of the Federal
Reserve System designated as “Selected Interest Rates (Daily) - H.15” (or any successor designation or publication) (“H.15”)
under the caption “U.S. government securities–Treasury constant maturities–Nominal” (or any successor caption
or heading). In determining the Treasury Rate, PGF shall select