Company: CFG-PE
Filing Date: 2025-07-23
Form Type: 424B2
Source: 0001193125-25-163534
Chunk: 43

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-07-23
Form: 424B2
Chunk 43
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 classes or series of stock ranking equally with or junior to the Series I Preferred Stock as to dividends and distribution of assets upon our liquidation, dissolution, or winding up without the consent of the holders of the Series I Preferred Stock. S-24

Transfer Agent and Registrar

Computershare Trust Company, N.A. will be the transfer agent and registrar for the Series I Preferred Stock as of the original issue date. We
may terminate such appointment and may appoint a successor transfer agent and/or registrar at any time and from time to time. The transfer agent and/or registrar may be a person or entity affiliated with us.

Calculation Agent

Unless
we have validly called all shares of the Series I Preferred Stock for redemption on the first dividend reset date, we will appoint a calculation agent for the Series I Preferred Stock prior to the commencement of the dividend reset period. We may
appoint ourselves or an affiliate of ours as calculation agent.

Other Preferred Stock

Series B Preferred Stock. We have issued 300,000 shares of 6.000%
Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series B, with a liquidation preference of $1,000 per share (the
“Series B Preferred Stock”). The Series B Preferred Stock is not convertible into our common stock or any other class or series of our securities and is not subject to any sinking fund or other similar obligation for repurchase or
retirement. Dividends on the Series B Preferred Stock, if declared, accrue and are payable semi-annually at a fixed rate per annum equal to 6.000% to, but excluding, July 6, 2023 and thereafter quarterly at a floating rate per annum equal to
the three-month U.S. dollar LIBOR on the related dividend determination date plus 3.003%. Dividends on the shares of Series B Preferred Stock are non-cumulative. Shares of the Series B Preferred Stock have
priority over our common stock with regard to the payment of dividends. The Series B Preferred Stock is redeemable at our option (i) in whole or in part, from time to time, on any dividend payment date on or after July 6, 2023 or
(ii) in whole but not in part at any time within 90 days of certain changes to regulatory capital requirements, in each case at a redemption price of $1,000 per share, plus any declared and unpaid dividends, without accumulation of any
undeclared dividends. The Series B Preferred Stock does