Company: CFG-PE
Filing Date: 2025-07-23
Form Type: 424B2
Source: 0001193125-25-163534
Chunk: 0

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-07-23
Form: 424B2
Chunk 0
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Filed Pursuant to Rule 424(b)(2)
Registration No.: 333-282511 PROSPECTUS SUPPLEMENT (To Prospectus dated October 4, 2024) 16,000,000 Depositary Shares Each Representing a 1/40 thInterest in a Share of 6.500% Fixed-Rate Reset Non-CumulativePerpetual Preferred Stock, Series I Citizens Financial Group, Inc. (“ Citizens”) is offering 16,000,000 depositary shares (the “ Depositary Shares”), each of which represents a 1/40 thownership interest in a share of Citizens’ 6.500% Fixed-Rate Reset Non-CumulativePerpetual Preferred Stock, Series I, liquidation preference $1,000 per share (“ Series I Preferred Stock”) (equivalent to $25 per Depositary Share), deposited with Computershare Inc. and Computershare Trust Company, N.A., acting jointly as depositary. The Depositary Shares are evidenced by depositary receipts. Each holder of a Depositary Share will be entitled, through the depositary, to all the rights and preferences of the shares of Series I Preferred Stock represented thereby (including dividend, voting, redemption and liquidation rights) in proportion to the applicable fraction of a share of Series I Preferred Stock represented by such Depositary Share. Holders of Series I Preferred Stock will be entitled to receive dividend payments only when, as and if declared by our board of directors (or a duly authorized committee of the board). Any such dividends will be payable quarterly in arrears on January 6, April 6, July 6 and October 6 of each year, beginning on January 6, 2026 (long first dividend period). Dividends will be payable (i) from the date of original issue to, but excluding, October 6, 2030, at a rate of 6.500% per annum and (ii) from and including October 6, 2030, for each dividend reset period (as defined herein), at a rate equal to the Five-year U.S. Treasury Rate (as defined herein) as of the most recent reset dividend determination date (as defined herein), plus 2.629% per annum. Dividends on the Series I Preferred Stock will be non-cumulative.In the event dividends are not declared on Series I Preferred Stock for payment on any dividend payment date, then those dividends will not be cumulative and will not accrue or be payable,