Company: CAG
Filing Date: 2025-07-15
Form Type: 424B5
Source: 0001104659-25-067959
Chunk: 46

Company: CONAGRA BRANDS INC.
Filing Date: 2025-07-15
Form: 424B5
Chunk 46
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 a court within the United States and with respect to which one or more “United States persons” (within the meaning of the Code) have the authority to control all substantial decisions or (y) has made a valid election under applicable Treasury Regulations to be treated as a “United States person” (within the meaning of the Code).

#### Interest
Stated interest on a note generally will be taxable to you as ordinary income at the time it is paid or accrued in accordance with your method of accounting for U.S. federal income tax purposes. If, however, any series of notes is issued at a discount that is not less than a statutorily defined de minimis amount (i.e., 0.25% of the principal amount of the applicable notes multiplied by the number of complete years to maturity), the applicable series of notes will be considered to be issued with original issue discount for U.S. federal income tax purposes. It is anticipated, and the discussion here assumes, that the notes will be issued at par or at a discount that is less than “de minimis” for U.S. federal income tax purposes.

#### Sale or other taxable disposition of the notes
Upon the sale, exchange, redemption, retirement or other taxable disposition of a note, you will generally recognize taxable gain or loss equal to the difference between the amount realized on such

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disposition (except to the extent any amount realized is attributable to accrued and unpaid interest, which, if not previously included in income, will be treated as interest as described above) and your tax basis in such note. Your tax basis in a note generally will be your cost for such note. Gain or loss recognized on the disposition of a note generally will be capital gain or loss, and will be long-term capital gain or loss if, at the time of such disposition, your holding period for such note is more than 12 months. Long-term capital gains of non-corporate taxpayers are generally eligible for preferential rates of taxation. The deductibility of capital losses is subject to certain limitations.

#### Additional Medicare tax
An additional 3.8% Medicare tax is imposed on the “net investment income” of certain U.S. citizens and resident aliens, and on the “undistributed net investment income” of certain estates and trusts. Among other items, “net investment income” (or “undistributed net investment income” in the case of estates and trusts) generally includes gross income from interest, and certain