Company: CFG-PE
Filing Date: 2025-07-23
Form Type: 424B2
Source: 0001193125-25-163534
Chunk: 47

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-07-23
Form: 424B2
Chunk 47
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 quarterly at a rate equal to the Five-year U.S. Treasury Rate, plus 3.215% per annum. Dividends on the shares of Series G Preferred Stock are non-cumulative. Shares of the Series G Preferred Stock have priority over our common stock with regard to the payment of dividends. The Series G Preferred Stock is redeemable at our option (i) in whole or in
part, from time to time, on any dividend payment date on or after October 6, 2026 or (ii) in whole but not in part at any time within 90 days of certain changes to regulatory capital requirements, in each case at a redemption price of
$1,000 per share, plus any declared and unpaid dividends, without accumulation of any undeclared dividends. The Series G Preferred

S-26

Stock does not have any voting rights other than with respect to certain limited matters, including the right (together with all other holders of preferred stock) to elect two directors if we
fail to pay for the equivalent of three semi-annual or six full quarterly dividend payments, whether or not for consecutive periods, the right to vote on certain matters that could adversely affect the holders of the Series G Preferred Stock and on
certain other matters to the extent required by law. The Series G Preferred Stock is dividend parity stock, liquidation preference parity stock, and voting preferred stock, in each case as defined in this prospectus supplement.

Series H Preferred Stock. We have issued 400,000 shares of 7.375% Fixed Rate Non-Cumulative
Perpetual Preferred Stock, Series H, with a liquidation preference of $1,000 per share (the “Series H Preferred Stock”). The Series H Preferred Stock is not convertible into our common stock or any other class or series of our
securities and is not subject to any sinking fund or other similar obligation for repurchase or retirement. Dividends on the Series H Preferred Stock, if declared, accrue and are payable quarterly at a fixed rate per annum equal to 7.375%. Dividends
on the shares of Series H Preferred Stock are non-cumulative. Shares of the Series H Preferred Stock have priority over our common stock with regard to the payment of dividends. The Series H Preferred Stock is
redeemable at our option (i) in whole or in part, from time to time, on any dividend payment date on or after July 6, 2029 or (ii) in whole but not