Company: FCNCB
Filing Date: 2025-03-06
Form Type: 424B5
Source: 0001193125-25-047965
Chunk: 43

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-06
Form: 424B5
Chunk 43
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 senior notes is subject to withholding of any U.S. federal income tax or other tax or assessment (whether
as a result of a change in law or otherwise), we will not pay additional amounts with respect to such tax or assessment. For a discussion relating to certain U.S. federal income tax consequences of the ownership and disposition of the senior notes,
see “Material United States Federal Income Tax Considerations” in this prospectus supplement.

Redemption

On or after , 20 (180 days after the senior notes issue date) (or, if additional senior notes are issued, beginning
180 days after the issue date of such additional notes), and prior to , 20 (one year prior to the senior notes maturity date (the “senior notes First Par Call Date”)), we may redeem the senior notes at our
option, in whole or in part, at any time and from time to time, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of:

(1) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the 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 plus basis points less (b) interest accrued to 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.

On the senior notes First Par Call Date, we may redeem the senior notes, in whole but not in part, and on or after ,
20 (one month prior to the senior notes maturity date), we may redeem the senior notes, in whole or in part, at any time and from time to time, in each case at a redemption price equal to 100% of the principal amount of the senior
notes being redeemed, plus accrued and unpaid interest thereon to (but excluding) the redemption date. “Treasury Rate” means, with respect to any redemption date, the yield determined by us in accordance with the following two paragraphs.

The Treasury Rate shall be determined by us after 4:15 p.m., New York City time (or after such time as yields on U.S. government
securities are posted daily by the Federal Reserve), on