Company: FCNCB
Filing Date: 2025-03-07
Form Type: 424B5
Source: 0001193125-25-049895
Chunk: 11

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-07
Form: 424B5
Chunk 11
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 minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof. |

| (1) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the |

S-4

| redemption date (assuming the senior notes matured on the senior notes First Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of                               
 twelve 30-day months) at the Treasury Rate (as defined in “Description of Notes—Senior Notes—Redemption”) plus 20 basis points less (b) interest accrued to (but excluding) the date of 
 redemption, and                                                                                                                                                                         |

| (2) 100% of the principal amount of the senior notes to be redeemed, |

| plus, in either case, accrued and unpaid interest thereon to (but excluding) the redemption date. |

| Sinking Fund | There is no sinking fund for the senior notes. |

| Future Issuance | The senior notes will initially be limited to an aggregate principal amount of $500,000,000. BancShares may, from time to time, without notice to or consent of the holders of the senior notes, increase the aggregate principal amount of the      
 senior notes outstanding by issuing additional senior notes in the future with the same terms as the senior notes, except for the issue date, the offering price, and the first senior notes interest payment date, and such additional notes may be 
 consolidated with the senior notes issued in this offering and form a single series; provided that, if any such additional senior notes are not fungible with the senior notes for U.S. federal income tax purposes, such additional                 
 senior notes will have a separate CUSIP or other identifying number.                                                                                                                                                                                 |

| Use of Proceeds | We estimate that the net proceeds from this offering of the senior notes will be approximately $497,000,000, after deducting the underwriting discounts and our estimated offering expenses. We intend to use the net proceeds of this offering of 
 the senior notes for general corporate purposes. See “Use of Proceeds.”                                                                                                                                                                            |

| Events of Default | Under the Senior Indenture, with respect to any series of senior debt securities issued on or after the senior notes issue date, including the senior notes, the circumstances under which the payment of the principal amount of such senior debt 
 securities can be accelerated will be limited. See “Description of Notes—Senior Notes—Events of Default; Notices of Default” in