Company: CFG-PE
Filing Date: 2025-02-25
Form Type: 424B2
Source: 0001193125-25-035197
Chunk: 23

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-25
Form: 424B2
Chunk 23
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 Interest Payment Date was a Business Day) for which interest has been paid or provided for with respect to the
notes to, but excluding, the next Fixed Rate Interest Payment Date or, if the notes are redeemed during the Fixed Rate Period, the redemption date. With respect to the Floating Rate Period, accrued interest on the notes will be calculated as
described below. Each of these periods used to calculate accrued interest on the notes is referred to as an “interest period” for the notes. However, interest not punctually paid or duly made available for payment, if any, will be paid
instead to the person in whose name the Note is registered on a special record date rather than on the regular record date.

S-18

“Business Day” means any day that is not a Saturday, a Sunday or a legal holiday
or a day on which banking institutions or trust companies in the City of New York are authorized or obligated by law to close.

Fixed Rate Period

From and including March 5, 2025 to but excluding March 5, 2030 (the “Fixed Rate Period”), the notes will bear interest
at 5.253% per annum. Such interest will be payable semi-annually in arrears on March 5 and September 5 of each year (each, a “Fixed Rate Interest Payment Date”), beginning on September 5, 2025 and ending on March 5, 2030. Interest will be
computed on the basis of a 360-day year consisting of twelve 30-day months. If any Fixed Rate Interest Payment Date or, if the notes are redeemed during the Fixed Rate
Period, any redemption date, falls on a day that is not a Business Day, then payment of any interest, principal or premium payable on such date will be postponed to the next succeeding Business Day, with the same force and effect as if made on the
date such payment was due, and no interest or other payment will accrue as a result of such delay.

Floating Rate Period

From and including March 5, 2030 to but excluding Maturity Date (the “Floating Rate Period”), the notes will bear interest at a rate
per annum equal to the Accrued Interest Compounding Factor (as defined below) plus 1.259% (the “Spread”), payable quarterly in arrears on each Floating Rate Interest Payment Date (as defined below); provided that,the
interest rate on the notes will in no event be higher than the maximum rate permitted by