Company: FCNCB
Filing Date: 2025-03-06
Form Type: 424B5
Source: 0001193125-25-047965
Chunk: 40

Company: FIRST CITIZENS BANCSHARES INC /DE/
Filing Date: 2025-03-06
Form: 424B5
Chunk 40
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 IndexEnd (being the number of calendar days in the Observation Period); “SOFR IndexStart” is the SOFR Index value for the day which is two U.S. Government Securities Business Days preceding the first date of the relevant floating rate interest period; “SOFR IndexEnd” is the SOFR Index value for the day which is two U.S. Government Securities Business Days preceding the senior notes floating rate interest payment date relating to such floating rate interest period; “SOFR Index” means, with respect to any U.S. Government Securities Business Day:

| (1) | the SOFR Index value as published by the SOFR Administrator as such index appears on the SOFR 
 Administrator’s Website at the SOFR Determination Time; provided that:                        |

| (2) | if a SOFR Index value does not so appear as specified in (1) above at the SOFR Determination Time, then                                                                                                                                    
 (i) if a Benchmark Transition Event and its related Benchmark Replacement Date have not occurred with respect to SOFR, then Compounded SOFR Index Rate shall be the rate determined pursuant to the “SOFR Index Unavailability” provisions 
 below or (ii) if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred in respect of SOFR, then Compounded SOFR Index Rate shall be the rate determined pursuant to the “Benchmark Transition Provisions”  
 below.                                                                                                                                                                                                                                     |

“SOFR” means, with respect to any U.S. Government Securities Business Day, the rate determined by the calculation agent in accordance with the following provisions:

| (1) | the Secured Overnight Financing Rate published for such U.S. Government Securities Business Day as such rate                                        
 appears on the NY Federal Reserve’s website on the immediately following U.S. Government Securities Business Day at the SOFR Determination Time; or |

| (2) | if the rate does not so appear, the Secured Overnight Financing Rate published on the NY Federal Reserve’s                                                                
 website for the first preceding U.S. Government Securities Business Day for which the Secured Overnight Financing Rate was published on the NY Federal Reserve’s website. |

“NY Federal Reserve’s website” means the website of the Federal Reserve Bank of New York (the “NY Federal Reserve”), currently at http://www.newyorkfed.org, or any successor website of the NY Federal Reserve S-25

or the website of any successor administrator of the Secured Overnight Financing Rate. The foregoing website is an inactive textual reference only, meaning that the information contained on the