Company: CFG-PE
Filing Date: 2025-02-24
Form Type: 424B2
Source: 0001193125-25-032848
Chunk: 24

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-24
Form: 424B2
Chunk 24
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the “Base Indenture”), between us and The Bank of New York Mellon, as trustee (the “Trustee”), as supplemented by a supplemental indenture (the “Tenth
Supplemental Indenture”) dated as of , 2025 (together with the Base Indenture, the “Indenture”). The notes and the Indenture are governed by, and shall be construed in accordance with, the laws of the State
of New York. The Bank of New York Mellon also will act as Paying Agent and Security Registrar for the notes. Under the Indenture, we may offer, from time to time, series of senior notes under the Indenture (the “Debt Securities”).

Except as set forth below, the notes will be issued in fully registered global form in the name of the nominee of DTC, in a minimum
denomination of $2,000 and authorized denominations of any integral multiples of $1,000 in excess thereof. The notes will be issued on the issue date therefor only against payment in immediately available funds.

Ranking

The notes will
be our unsecured obligations and will rank equally in right of payment with all of our other existing and future unsecured and unsubordinated indebtedness. The notes will effectively be subordinated to any of our secured indebtedness to the extent
of the value of the assets securing such indebtedness. None of our existing or future subsidiaries will guarantee our obligations under the notes, and, accordingly, the notes will be structurally subordinated to all existing and future liabilities
of our existing and future subsidiaries.

Payment of Principal and Interest

Payment of the full principal amount of the notes will be due on , 20 (the “Maturity Date”).

Interest payable prior to maturity will be payable to the persons in whose names the notes are registered at the close of business on the 15th
day preceding the applicable Interest Payment Date (as defined below) with respect to such Interest Payment Date; provided that if the notes are global notes held by DTC, the record date for such notes will be the close of business on the
Business Day preceding the applicable Interest Payment Date. Notwithstanding the foregoing, the interest payment at maturity will include interest accrued to but excluding the Maturity Date or applicable date of redemption and (subject to the
exceptions described under the heading “—Optional Redemption”) will be payable to the persons to whom principal is payable.

With respect to the Fixed Rate Period, interest on the notes will accrue