Company: CFG-PE
Filing Date: 2025-07-23
Form Type: 424B2
Source: 0001193125-25-163534
Chunk: 12

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-07-23
Form: 424B2
Chunk 12
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 declare a dividend on           
 the Series I Preferred Stock in respect of a dividend period (as defined under “Description of the Series I Preferred Stock—Dividends”), then no dividend shall be deemed to have accrued for such dividend period, be payable on the 
 applicable dividend payment date, or accumulate, and we will have no obligation to pay any dividend for that dividend period, whether or not dividends on the Series I Preferred Stock are declared for any future dividend period.   |

| Payment of dividends on the Series I Preferred Stock is subject to certain legal, regulatory and other restrictions described under “Description of the Series I Preferred Stock—Restrictions on Dividends, 
 Redemption and Repurchases” below.                                                                                                                                                                          |

| Redemption: | The Series I Preferred Stock is perpetual and has no maturity date. |

| We may, at our option, redeem the shares of the Series I Preferred Stock (i) in whole or in part, from time to time, on any dividend payment date on or after October 6, 2030, or (ii) in whole but not in part                                           
 at any time within 90 days following a Regulatory Capital Treatment Event (as defined under “Description of the Series I Preferred Stock—Redemption”), in each case at a cash redemption price of $1,000 per share (equivalent to $25 per                 
 Depositary Share), plus any declared and unpaid dividends, without regard to any undeclared dividends, to, but excluding, the redemption date. If we redeem the Series I Preferred Stock, the depositary will redeem a proportionate number of Depositary 
 Shares.                                                                                                                                                                                                                                                   |

| Neither the holders of the Series I Preferred Stock nor the holders of the Depositary Shares will have the right to require the redemption or repurchase of the Series I Preferred Stock. |

| Redemption of the Series I Preferred Stock is subject to certain contractual, legal, regulatory and other restrictions described under “Description of the Series I Preferred Stock—Redemption” below. Under                                            
 capital adequacy rules currently applicable to us, any redemption of the Series I Preferred Stock would be subject to prior approval of the FRB. Neither the holders of the Series I Preferred Stock nor the holders of the Depositary Shares will have 
 the right to require redemption.                                                                                                                                                                                                                        |

| Liquidation Rights: | In the event of our liquidation, dissolution or winding up, holders of shares of the Series I Preferred Stock will be entitled to receive an amount per                                                                                                
 share equal to the stated amount of $1,000 per share