Company: CFG-PE
Filing Date: 2025-02-25
Form Type: 424B2
Source: 0001193125-25-035197
Chunk: 5

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-25
Form: 424B2
Chunk 5
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-day months. |

| During the Floating Rate Period, interest will be computed on the basis of actual number of days in each Floating Rate Interest Payment Period (or any other relevant period) and a 
 360-day year.                                                                                                                                                                       |

| During the Floating Rate Period, interest on the notes will be payable quarterly in arrears on the second Business Day                              
 following each Floating Rate Interest Payment Period End-Date (as defined below); provided that the Floating Rate Interest Payment Date (as defined |

S-2

| herein) with respect to the final Floating Rate Interest Payment Period (as defined below) will be the Maturity Date or, if the notes are redeemed during the Floating Rate Period, the redemption 
 date.                                                                                                                                                                                              |

| If the scheduled Maturity Date or redemption date, as applicable, falls on a day that is not a Business Day, then payment of any principal and interest payable on such date will be postponed to the next succeeding 
 Business Day, with the same force and effect as if made on the date such payment was due, and no interest or other payment will accrue as a result of such delay.                                                     |

| Floating Rate Interest Payment Periods | The “Floating Rate Interest Payment Periods” mean the quarterly periods used to calculate interest on the notes during the Floating Rate Period, which is paid on the Floating Rate Interest Payment Dates. |

S-3

| that is not a Business Day, the payment of principal and interest will be made on the next succeeding Business Day, but interest on that payment will not accrue during the period from and after 
 the scheduled final Floating Rate Interest Payment Period End-Date.                                                                                                                               |

| Rate Cut-Off Date | The “Rate Cut-Off Date” means the second U.S. Government Securities Business Day (as defined below) prior to the Maturity Date or the redemption date, as applicable. |

| 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. All of our secured indebtedness will have a prior claim with respect to      
 the assets securing that 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. As of December 31, 2024, CBNA had total deposits, debt and other liabilities of approximately $191.7 billion, all of which would be