Company: FCNCB
Filing Date: 2025-03-06
Form Type: 424B5
Source: 0001193125-25-047965
Chunk: 54

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-06
Form: 424B5
Chunk 54
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 complied with. |

Further Issues If no event of default or covenant breach has occurred and is continuing with respect to the senior notes, we may, from time to time, without notice to or the consent of the holders of the senior notes, create and issue additional senior notes under the Senior Indenture ranking equally with the senior notes and with identical terms in all respects (or in all respects except for the offering price, the payment of interest accruing prior to the issue date of such further senior notes and the first payment of interest following the issue date of such additional senior notes) in order that such additional senior notes may be consolidated and form a single series with the senior notes and have the same terms as to status, redemption, or otherwise as the senior notes; provided, however, that a separate CUSIP number will be issued for any such additional senior notes unless such additional senior notes are fungible with the senior notes for U.S. federal income tax purposes, subject to the procedures of the DTC. In addition, we may, from time to time, create and issue other series of senior debt securities under the Senior Indenture having different terms than the senior notes. S-33

Benchmark Transition Provisions

If we or our designee (in consultation with us) determine that a Benchmark Transition Event and related Benchmark Replacement Date have
occurred prior to the applicable Reference Time in respect of any determination of the Benchmark on any date, the applicable Benchmark Replacement will replace the then-current Benchmark for all purposes relating to the senior notes during the
floating rate interest period in respect of such determination on such date and all determinations on all subsequent dates; provided that, if we or our designee (in consultation with us) are unable to or do not determine a Benchmark Replacement in
accordance with the provisions below prior to 5:00 p.m. (New York time) on the relevant Interest Determination Date, the interest rate for the related floating rate interest period will be equal to the interest rate in effect for the immediately
preceding floating rate interest period or, in the case of the Interest Determination Date prior to the first senior notes floating rate interest payment date, the Initial Interest Rate.

“Benchmark Replacement” means the first alternative set forth in the order below that can be determined by us or our designee (in
consultation with us) as of the Benchmark Replacement Date:

(1) the sum of: (a) the alternate rate of interest that has been
selected or recommended by the Relevant Governmental