Company: AX
Filing Date: 2025-09-17
Form Type: 424B5
Source: 0001299709-25-000159
Chunk: 13

Company: Axos Financial, Inc.
Filing Date: 2025-09-17
Form: 424B5
Chunk 13
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 time without notice.

On July 29, 2021, the Alternative Reference Rates Committee (the “ARRC”) convened by the Federal Reserve and FRBNY formally recommended the use of the computation of forward-looking SOFR term rates by the CME Group Inc. (the “CME Group”), which are calculated by the CME Group based on SOFR futures. It is currently anticipated that Three-Month Term SOFR, for purposes of the Notes, will be based on the CME Group’s forward-looking SOFR term rates with a tenor of three months.

FRBNY started publishing SOFR in April 2018. FRBNY has also started publishing historical indicative SOFRs dating back to 2014, although this historical indicative data inherently involves assumptions, estimates, and approximations. Similarly, certain historical Three-Month Term SOFR data is available from the CME Group. You should not rely on any such historical data, indicative or otherwise, on any historical changes or trends in SOFR or Three-Month Term SOFR as an indicator of the future performance of SOFR or Three-Month Term SOFR.

SOFR may be more volatile than other benchmark or market rates.

Since the initial publication of SOFR, daily changes in the rate have, on occasion, been more volatile than daily changes in comparable benchmark or market rates, and SOFR over time may bear little or no relation to the historical actual or historical indicative data. In addition, the return on and value of the SOFR-linked subordinated notes may fluctuate more than floating rate securities that are linked to other, less volatile rates.

Changes in SOFR could adversely affect the amount of interest that accrues on SOFR-linked subordinated notes and the trading prices for SOFR-linked subordinated notes, including the Notes.

Because SOFR is published by FRBNY based on data received from other sources, we have no control over its determination, calculation or publication. There can be no assurance that SOFR will not be discontinued or fundamentally altered in a manner that is materially adverse to the interests of investors in SOFR-linked subordinated notes, which includes the Notes. If the manner in which SOFR is calculated is changed, that change may result in a reduction in the amount of interest

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that accrues on SOFR-linked subordinated notes, which may adversely affect the trading prices of SOFR-linked subordinated notes. In addition, the interest rate on SOFR-linked subordinated notes for any day