Company: CFG-PE
Filing Date: 2025-02-25
Form Type: 424B2
Source: 0001193125-25-035197
Chunk: 53

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-25
Form: 424B2
Chunk 53
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 certificated notes; or                                                                                       |

| • |     | we determine not to have the notes represented by a global note. |

Neither we nor the Trustee will be liable for any delay by DTC, its nominee or any direct or indirect DTC participant in identifying the beneficial owners of the notes. We and the Trustee may conclusively rely on, and will be protected in relying on, instructions from DTC or its nominee for all purposes, including with respect to the registration and delivery, and the respective principal amounts, of the certificated notes to be issued. S-38

MATERIAL U.S. FEDERAL INCOME TAX CONSEQUENCES This section describes the material U.S. federal income tax consequences of owning and disposing of notes purchased in this offering at the offering price and held as capital assets for U.S. federal income tax purposes. This section addresses only United States federal income taxation and does not discuss all of the tax consequences that may be relevant to you in light of your particular circumstances, including foreign, state or local tax consequences, and tax consequences arising under any alternative minimum tax or Medicare contribution tax on net investment income. This section does not apply to you if you are a member of a class of holders subject to special rules, such as:

| • |     | a financial institution; |

| • |     | a regulated investment company; |

| • |     | a dealer in securities, |

| • |     | a trader in securities that elects to use a                       
 mark-to-market method of accounting for your securities holdings; |

| • |     | a life insurance company; |

| • |     | a person that owns notes as part of a “straddle” or conversion transaction for tax purposes; |

| • |     | a person that owns notes that are a hedge or that are hedged against interest rate risks; |

| • |     | a person that purchases or sells notes as part of a wash sale for tax purposes; |

| • |     | a U.S. Holder (as defined below) whose functional currency is not the U.S. dollar; or |

| • |     | a tax-exempt entity. |

If you are an entity or arrangement that is treated as a partnership for U.S. federal income tax purposes, the U.S. federal income tax treatment of your partners will generally depend on the status of the partners and the tax treatment of the partnership. A partner in a partnership holding the notes should consult its tax advisor with regard to the U