Company: CFG-PE
Filing Date: 2025-02-25
Form Type: 424B2
Source: 0001193125-25-035197
Chunk: 54

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-25
Form: 424B2
Chunk 54
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.S. federal income tax treatment of an investment in the notes. This summary is based on the Internal Revenue Code of 1986, as amended to the date hereof (the “Code”), administrative pronouncements, judicial decisions and final, temporary and proposed Treasury Regulations, all as currently in effect. These laws are subject to change, possible on a retroactive basis, and any such changes subsequent to the date of this prospectus supplement may affect the tax consequences described herein. You should consult your tax advisor with regard to the application of the U.S. federal income tax laws to your particular situation, as well as any tax consequences arising under the laws of any state, local or foreign taxing jurisdiction. Tax Consequences to U.S. Holders This section applies to you if you are a U.S. Holder. You are a U.S. Holder if for U.S. federal income tax purposes you are a beneficial owner of the notes and are:

| • |     | a citizen or individual resident of the United States; |

| • |     | a corporation, or other entity taxable as a corporation, created or organized in or under the laws of the United 
 States, any state therein or the District of Columbia;                                                           |

| • |     | an estate whose income is subject to U.S. federal income taxation regardless of its source; or |

| • |     | a trust if a United States court can exercise primary supervision over the trust’s administration and one or 
 more United States persons are authorized to control all substantial decisions of the trust.                 |

S-39

If you are not a U.S. Holder, this subsection does not apply to you and you should refer to “Tax Consequences to Non-U.S.Holders” below. Payments of Interest Interest on the notes will be taxable to you as ordinary interest income at the time it accrues or is received, in accordance with your method of accounting for federal income tax purposes. Sale or Other Taxable Disposition of the Notes Upon the sale or other taxable disposition of the notes, you will recognize taxable gain or loss equal to the difference between the amount realized on the sale or other taxable disposition and your adjusted tax basis in the note. Your adjusted tax basis in the notes will generally equal the cost of the notes. For this purpose, the amount realized does not include any amount attributable to accrued but unpaid interest, which will be treated as interest and will be subject to the treatment described under “Payments of Interest” above. Gain or loss realized on the sale or other taxable disposition