Company: CFG-PE
Filing Date: 2025-02-25
Form Type: 424B2
Source: 0001193125-25-035197
Chunk: 39

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-25
Form: 424B2
Chunk 39
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 provided that:

| (a) | the corporation formed by such consolidation or into which we are merged or the person which acquires by                                                                                                                                      
 conveyance or transfer, or which leases, our properties and assets substantially as an entirety (the “successor”) is a corporation organized and existing under the laws of the United States, any state thereof or the District of Columbia; |

| (b) | the successor expressly assumes, by an indenture supplemental to the Indenture, our obligation for the due and                                                                                                              
 punctual payment of the principal, premium, if any, and interest, if any, on all of the Debt Securities under the Indenture and the performance of every covenant of the Indenture on our part to be performed or observed; |

| (c) | after giving effect to the transaction, and treating any indebtedness that becomes an obligation of the                                                                                                                                              
 successor as a result of such transaction as having been incurred by the successor at the time of such transaction, no Default under the Indenture, and no event that, after notice or lapse of time, or both, would become an Event of Default or a 
 Default, as the case may be, shall have happened and be continuing; and                                                                                                                                                                              |

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| (d) | certain other conditions are met. |

With respect to the notes, the foregoing requirements do not apply in the case of a conveyance, transfer or lease by CFG of CFG’s properties and assets substantially as an entirety to one or more entities that are direct or indirect subsidiaries in which CFG and/or one or more of CFG’s subsidiaries own more than 50% of the combined voting power. As a result, if CFG were to undertake such a transaction, such subsidiary or subsidiaries would not be required to assume CFG’s obligations under the notes and CFG would remain the sole obligor on the notes. Modification and Waiver Without the consent of any holders of any notes, we and the Trustee may amend or supplement the Indenture or the notes:

| (a) | to evidence the succession of a successor of our obligations under the Indenture and the outstanding notes; |

| (b) | to add to our covenants for the benefit of the holders of all or any series of the notes under the Indenture,  
 surrender any right or power we have under the Indenture or provide for guarantees of any series of the notes; |

| (c) | to add any additional Defaults or Events of Default; |

| (