Company: CFG-PE
Filing Date: 2025-02-25
Form Type: 424B2
Source: 0001193125-25-035197
Chunk: 59

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-25
Form: 424B2
Chunk 59
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 credit in respect of some or all of this withholding. However, even
if you are entitled to have any such withholding refunded, the required procedures could be cumbersome and significantly delay the holder’s receipt of any amounts withheld.

S-42

EMPLOYEE RETIREMENT INCOME SECURITY ACT

A fiduciary of a pension, profit-sharing or other employee benefit plan subject to the Employee Retirement Income Security Act of 1974, as
amended (“ERISA”), or an entity or account whose underlying assets include “plan assets” by reason of such plan’s investment in the entity or account (collectively, “ERISA Plans”) should consider the fiduciary
standards of ERISA in the context of the ERISA Plan’s particular circumstances before authorizing an investment in the notes. Among other factors, the fiduciary should consider whether the investment would satisfy the prudence and
diversification requirements of ERISA and would be consistent with the documents and instruments governing the ERISA Plan, and whether the investment could give rise to a non-exempt “prohibited
transaction” under ERISA or the Code.

Section 406 of ERISA and Section 4975 of the Code prohibit ERISA Plans, as well as
individual retirement accounts (“IRAs”), Keogh plans for self-employed individuals and any other plans, entities or accounts that are subject to Section 4975 of the Code (together with ERISA Plans, “Plans”), from engaging in
certain transactions involving “plan assets” with persons who are “parties in interest” under ERISA or “disqualified persons” under Section 4975 of the Code (in either case, “Parties in Interest”) with
respect to such Plans. A violation of these “prohibited transaction” rules may result in excise tax or other liabilities under ERISA or the Code for those persons, unless exemptive relief is available under an applicable statutory,
regulatory or administrative exemption. Certain “governmental plans” (as defined in Section 3(32) of ERISA), “church plans” (as defined in Section 3(33) of ERISA) and non-U.S.
plans (as described in Section 4(b)(4) of ERISA) (“Non-ERISA Arrangements”) are not subject to these “prohibited transaction” rules of ERISA or Section 4975 of the Code, but may
be subject to similar rules under other applicable laws or regulations (“Similar Laws”).

As a result of our