Company: FCNCB
Filing Date: 2025-03-07
Form Type: 424B5
Source: 0001193125-25-049895
Chunk: 66

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-07
Form: 424B5
Chunk 66
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 which is the initial fixed interest rate minus 1.970% per annum. The Five-year U.S. Treasury Rate will be
determined by the calculation agent on the subordinated notes reset determination date. The calculation agent will notify us within one Business Day of the interest rate from and after the subordinated notes reset date. We will promptly provide the
calculation agent’s determination (or our determination as described above) of the Five-Year U.S. Treasury Rate to the Trustee. Absent manifest error, the calculation agent’s determination of the Five-Year U.S. Treasury Rate will be
binding and conclusive on you and the Trustee. The calculation agent’s determination of any interest rate will be on file at our principal offices and will be made available to any holder of subordinated notes upon request.

“H.15” means the daily statistical release designated as such, or any successor publication, published by the Federal Reserve.

Interest accruing on the subordinated notes shall be calculated on the basis of a 360-day year
consisting of twelve 30-day months. Dollar amounts resulting from that calculation will be rounded to the nearest cent, with one-half cent being rounded upward.

If any subordinated notes interest payment date falls on a date that is not a Business Day, payment of principal and interest will be
postponed to the next day that is a Business Day, but interest on that payment will not accrue during the period from and after the interest payment date.

The regular record dates for the subordinated notes will be the fifteenth calendar day preceding each subordinated notes interest payment
date, whether or not a Business Day.

Ranking; Subordination

The subordinated notes will be unsecured, subordinated obligations of BancShares. The subordinated notes will rank equally in right of payment
and upon our liquidation with any of our existing and all of our future

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indebtedness the terms of which provide that such indebtedness ranks equally with the subordinated notes and senior in right of payment and upon our liquidation to any of our future indebtedness the terms of which provide that such indebtedness ranks junior in right of payment to the subordinated notes. Our obligation to make any payment on account of the subordinated notes will be subordinated in right of payment and junior to our Senior Indebtedness (as defined below), including the senior notes. The subordinated notes will be effectively subordinated in right of payment to any future secured indebtedness of BancShares to the extent of