Company: FCNCB
Filing Date: 2025-03-06
Form Type: 424B5
Source: 0001193125-25-047965
Chunk: 42

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-06
Form: 424B5
Chunk 42
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FR, “Compounded SOFR Index Rate” will mean, for the relevant interest period for which such index is not available, the rate of return on a daily compounded interest
investment calculated in accordance with the formula for SOFR Averages, and definitions required for such formula, published on the SOFR Administrator’s Website at
https://www.newyorkfed.org/markets/treasury-repo-reference-rates-information (or such successor website). For the purposes of this provision, references in the SOFR Averages compounding formula and related definitions to “calculation
period” shall be replaced with “Observation Period” and the words “that is, 30-, 90-, or 180-calendar
days” shall be removed. If the daily SOFR (“SOFRi”) does not so appear for any day, “i” in the Observation Period, SOFRi for such day “i” shall be SOFR published in respect of the first preceding U.S. Government
Securities Business Day for which SOFR was published on the SOFR Administrator’s Website.

Ranking; Structural Subordination

The senior notes will be unsecured and unsubordinated obligations of BancShares. The senior notes will rank equally in right of payment and
upon our liquidation with all other unsecured senior indebtedness of

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BancShares, whether existing at the time of issuance or created thereafter, and will rank senior in right of payment to existing and future subordinated indebtedness of BancShares, including the
subordinated notes.

The senior notes will be effectively subordinated in right of payment to any future secured indebtedness of
BancShares to the extent of the value of the collateral securing such indebtedness. The senior notes will not be guaranteed by any of our subsidiaries, including First Citizens Bank, which is our principal subsidiary, and as a result they will be
structurally subordinated to the existing and future indebtedness of our subsidiaries, including without limitation First Citizens Bank’s depositors, liabilities to general creditors, and liabilities arising in the ordinary course of business
or otherwise, which means that such creditors generally will be paid from those subsidiaries’ assets before holders of the senior notes would have any claim to those assets.

The Senior Indenture and the senior notes do not limit the amount of secured indebtedness, or other liabilities having priority over, or
ranking equally with, the senior notes that we or our subsidiaries may hereafter incur.

No Additional Amounts

In the event that any payment on the