Company: CFG-PE
Filing Date: 2025-02-24
Form Type: 424B2
Source: 0001193125-25-032848
Chunk: 29

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-24
Form: 424B2
Chunk 29
---
 other sources, we have no control over its determination, calculation or publication. See “Risk Factors” above. The information contained in this section “Secured Overnight Financing Rate (“SOFR”)” is based upon the New York Federal Reserve’s Website and other U.S. government sources. Calculation of Accrued Interest during Floating Rate Periods The Calculation Agent will calculate the interest rate on the notes for each Floating Rate Interest Payment Period, and the interest rate on the notes for each Floating Rate Interest Payment Period will equal the sum of the Accrued Interest Compounding Factor and the Spread. The “Accrued Interest Compounding Factor” means the rate of return of a daily compound interest investment computed in accordance with the following formula (with the resulting percentage rounded, if necessary, to the nearest one hundred-thousandth of a percentage point, with 0.000005 being rounded upwards to 0.00001):

| Accrued Interest Compounding Factor = |

where:

| • |     | “d0” is the number of U.S. Government                                           
 Securities Business Days in the relevant Floating Rate Interest Payment Period; |

| • |     | “i” is a series of whole numbers from one to                                                                                                                                              
 d0, each representing the relevant U.S. Government Securities Business Days in chronological order from, and including, the first U.S. Government Securities Business Day in the relevant 
 Floating Rate Interest Payment Period;                                                                                                                                                    |

| • |     | “SOFRi,” for any day “i” in the                                                                           
 relevant Floating Rate Interest Payment Period, is a reference rate equal to SOFR in respect of that day; |

| • |     | “ni” is the number of calendar days in the                                
 relevant Floating Interest Payment Period on which the rate is SOFRi; and |

| • |     | “d” is the number of calendar days in the relevant Floating Interest Payment Period. |

Subject to clause (ii) of the proviso for the definition of Floating Rate Interest Payment Period, for the calculation of Accrued Interest Compounding Factor, the interest rate in effect on any U.S. Government Securities Business Day will be the applicable rate as reset on that date, and the interest rate applicable to any other day is the interest rate from the immediately preceding U.S. Government Securities Business Day. The Calculation Agent will determine SOFR with respect to any U.S. Government Securities Business Day as follows (the “SOFR Provisions”): (i) The Secured Overnight Financing Rate in respect