Company: CFG-PE
Filing Date: 2025-07-22
Form Type: 424B2
Source: 0001193125-25-162273
Chunk: 13

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-07-22
Form: 424B2
Chunk 13
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 the Series I Preferred Stock in the payment of     
 dividends or in the distribution of assets on any liquidation, dissolution or winding up of the Company, in the case of certain share exchanges, reclassifications, mergers and consolidations and other transactions and in the case of certain dividend 
 non-payments. See “Description of the Series I Preferred Stock—Voting Rights” below.                                                                                                                                                                      |

| Ranking: | Shares of the Series I Preferred Stock will rank senior to our common stock and all other classes or series of our stock that rank junior to the Series                                                                                                  
 I Preferred Stock in the payment of dividends or in the distribution of assets upon our liquidation, dissolution or winding up (“junior stock”), on a parity with the Series B Preferred Stock, the Series C Preferred Stock, the Series                 
 E Preferred Stock, the Series F Preferred Stock, the Series G Preferred Stock and the Series H Preferred Stock, and senior to or on a parity with each other series of our preferred stock we may issue (except for any senior series that may be issued 
 upon the requisite vote or consent of the holders of at least two thirds of the shares of the Series I Preferred Stock at the time outstanding and entitled to vote, voting together as a single class with                                              |

S-5

| any other series of preferred stock entitled to vote thereon, to the exclusion of all other series of preferred stock, with respect to the payment of dividends and distributions of assets upon 
 any liquidation, dissolution or winding-up of the Company).                                                                                                                                      |

| We will generally be able to pay dividends and distributions upon any liquidation, dissolution or winding up of the Company only out of funds legally available for such payment (i.e., after satisfaction of all                                        
 our liabilities to creditors, if any) and pro rata as to the Series B Preferred Stock, Series C Preferred Stock, Series E Preferred Stock, Series F Preferred Stock, Series G Preferred Stock, Series H Preferred Stock and Series I Preferred Stock and 
 any other stock designated as ranking on a parity with the Series I Preferred Stock as to payment of current dividends (“dividend parity stock”) and distributions upon any liquidation, dissolution or winding up of the Company, as                    
 applicable.                                                                                                                                                                                                                                              |

| Maturity: | The Series I Preferred Stock does not have any maturity date, and we are not required to redeem the Series I Preferred Stock. Accordingly, the Series I Preferred Stock will remain outstanding indefinitely, unless and until we decide to redeem 
 it.                                                                                                                                                                                                                                                |

| Pre