Company: NLY-PF
Filing Date: 2025-08-01
Form Type: 424B5
Source: 0001193125-25-171665
Chunk: 70

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-08-01
Form: 424B5
Chunk 70
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 currency in which payments on the debt securities of the series will be payable, and the ability, if any, of us or the holders of debt securities of the series to have payments made in any other currency or currencies; |

| • |     | with respect to debt securities of the series, any addition of any covenant or Event of Default, or the 
 modification or deletion of any covenant or Event of Default;                                           |

| • |     | whether the debt securities of the series are to be issuable, in whole or in part, in bearer form (“bearer 
 debt securities”);                                                                                         |

| • |     | whether any debt securities of the series will be issued in temporary or permanent global form (“global debt                               
 securities”) and, if so, the identity of the depositary for the global debt securities if other than The Depository Trust Company (“DTC”); |

| • |     | if and under what circumstances we will pay additional amounts (“Additional Amounts”) on the debt                                                                                                                                 
 securities of the series in respect of specified taxes, assessments or other governmental charges and, if so, whether we will have the option to redeem the debt securities of the series rather than pay the Additional Amounts; |

| • |     | the manner in which, or the person to whom, any interest on any bearer debt security of the series will be  
 payable, if other than upon presentation and surrender of the coupons relating to the bearer debt security; |

| • |     | the extent to which, or the manner in which, any interest payable on a temporary global debt security will be 
 paid, if other than in the manner provided in the indenture;                                                  |

| • |     | the portion of the principal amount of the debt securities of the series which will be payable upon acceleration 
 if other than the full principal amount;                                                                         |

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| • |     | the authorized denominations in which the debt securities of the series will be issued, if other than                                                                                            
 denominations of $1,000 and any integral multiples of $1,000, in the case of debt securities in registered form (“registered debt securities”) or $5,000, in the case of bearer debt securities; |

| • |     | the terms, if any, upon which debt securities of the series may be convertible into or exchangeable for other 
 securities or property;                                                                                       |

| • |     | if the amount of payments on the debt securities of the series may be determined with reference to an index, 
 formula