Company: CFG-PE
Filing Date: 2025-02-25
Form Type: 424B2
Source: 0001193125-25-035197
Chunk: 12

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-25
Form: 424B2
Chunk 12
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253% per annum. However, during the period from, and including, March 5, 2030, to, but excluding, the Maturity Date, the notes will bear interest at a floating rate per annum in accordance with the formula for SOFR
set forth under “Description of the Notes—Payment of Principal and Interest—Calculation of Accrued Interest during Floating Rate Periods,” plus 1.259%. As a result, the interest rate in any Floating Rate Interest Payment Period
may be less than the initial interest rate or the interest rate that applies in the preceding interest period, which would affect the amount of any interest payments under the notes and, therefore, could affect their market value.

The amount of interest payable on the notes with respect to each Floating Rate Interest Payment Period will be determined near the end of such Floating Rate Interest Payment Period for the notes.

The interest rate with respect to any Floating Rate Interest Payment Period will only
be capable of being determined near the end of such Floating Rate Interest Payment Period in relation to the notes. Consequently, you will not know the amount of interest payable with respect to each such Floating Rate Interest Payment Period until
shortly prior to the related Floating Rate Interest Payment Date, and it may be difficult for you to reliably estimate the amount of interest that will be payable on the notes on each such Floating Rate Interest Payment

S-9

Date. In addition, some investors may be unwilling or unable to trade the notes without changes to their information technology systems, both of which could adversely impact the liquidity and
trading price of the notes.

In determining the rate for the final Floating Rate Interest Payment Period, the level of SOFR for any day from and including the second U.S. Government Securities Business Day prior to the Maturity Date or, if applicable, the redemption date to, but excluding, the Maturity Date or, if applicable, the redemption date, will be the level of SOFR in respect of such second U.S. Government Securities Business Day prior to the Maturity Date or, if applicable, the redemption date.

For the final
Floating Rate Interest Payment Period, because the level of SOFR for any day from and including the second U.S. Government Securities Business Day prior to the Maturity Date or, if applicable, the redemption date to, but excluding, the applicable
Maturity Date or redemption date will be the level of SOFR in respect of such second U.S. Government Securities Business Day prior to the Maturity Date or, if applicable, the