Company: CFG-PE
Filing Date: 2025-02-25
Form Type: 424B2
Source: 0001193125-25-035197
Chunk: 45

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-25
Form: 424B2
Chunk 45
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 or any other obligor upon notes, and collect the moneys adjudged or decreed to be payable in the manner provided by law out of the property of CFG or any other obligor upon the notes wherever situated.

If a Default with respect to the notes occurs and is continuing, the Trustee may proceed to protect and enforce its rights and the rights of
the holders of the notes by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement in the Indenture or in aid of the
exercise of any power granted herein, or to enforce any other proper remedy.

The Indenture provides that, subject to the duty of the
Trustee upon the occurrence of an Event of Default to act with the required standard of care, the Trustee will be under no obligation to exercise any of its rights or powers under the Indenture at the request or direction of any of the holders of
notes unless the same holders shall have offered to the Trustee security or indemnity satisfactory to the Trustee, in its reasonable discretion, against the costs, expenses and liabilities which may be incurred. Subject to certain provisions, the
holders of a majority in principal amount of the outstanding notes will have the right to direct the time, method, and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the
Trustee, with respect to the notes.

We are required to annually furnish to the Trustee an officers’ certificate as to the
performance and observance by us of certain of the terms, provisions and conditions under the Indenture and as to the absence of default.

Regarding the Trustee

The Bank of New York Mellon, the Trustee under the Indenture, has a designated corporate trust office at 240 Greenwich Street, New York, New
York 10286. We and our banking subsidiaries maintain banking relationships with the Trustee.

Regarding the Calculation Agent

Unless we have redeemed, or called for redemption, all the outstanding notes on or prior to the commencement of the Floating Rate Period, we
will appoint a calculation agent the (“Calculation Agent”) for the notes prior to the Floating Rate Period. We may appoint ourselves or an affiliate of ours as Calculation Agent.

Replacement Notes

If a
note is mutilated, destroyed, lost or stolen, it may be replaced at the corporate trust office of the Trustee in the City and State of New York upon