Company: CFG-PE
Filing Date: 2025-07-23
Form Type: 424B2
Source: 0001193125-25-163534
Chunk: 50

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-07-23
Form: 424B2
Chunk 50
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 I Preferred Stock represented by the Depositary Shares, the Depositary Shares will be redeemed from the proceeds
received by the depositary resulting from the redemption of the Series I Preferred Stock held by the depositary. The redemption price per Depositary Share will be equal to 1/40 of the redemption
price per share payable with respect to the Series I Preferred Stock (equivalent to $25 per Depositary Share), plus any declared and unpaid dividends, without accumulation of any undeclared dividends, on the shares of the Series I Preferred Stock.
Whenever we redeem shares of the Series I Preferred Stock held by the depositary, the depositary will redeem, as of the same redemption date, the number of the Depositary Shares representing shares of the Series I Preferred Stock so redeemed.

In case of any redemption of less than all of the outstanding Depositary Shares, the Depositary Shares to be redeemed will be selected either
pro rata or by lot. In any case, the depositary will redeem the Depositary Shares only in increments of 40 Depositary Shares and any integral multiple thereof. The depositary will provide notice of redemption to record holders of the Depositary
Shares not less than 30 and not more than 60 days prior to the date fixed for redemption of the Series I Preferred Stock and the related Depositary Shares.

Voting of the Series I Preferred Stock

Because each Depositary Share represents a 1/40th interest in a share of the Series I Preferred Stock, holders of Depositary Shares will be
entitled to 1/40th of a vote per Depositary Share under those limited circumstances in which holders of the Series I Preferred Stock are entitled to a vote, as described above in “Description of the Series I Preferred Stock—Voting
Rights.”

When the depositary receives notice of any meeting at which the holders of the Series I Preferred Stock are entitled to
vote, the depositary will mail (or otherwise transmit by an authorized method) the information contained in the notice to the record holders of the Depositary Shares relating to the Series I Preferred Stock. Each record holder of the Depositary
Shares on the record date, which will be the same date as the record date for the Series I Preferred Stock, may instruct the depositary to vote the amount of the Series I Preferred Stock represented by the holder’s Depositary Shares. To the
extent possible, the depositary will vote the amount of the Series I Preferred Stock represented by the Depositary Shares in accordance with the instructions it receives. We will