Company: CFG-PE
Filing Date: 2025-02-25
Form Type: 424B2
Source: 0001193125-25-035197
Chunk: 29

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-25
Form: 424B2
Chunk 29
---
 Government Securities Business Day by the
Calculation Agent shall (in the absence of manifest error) be final and binding. For the avoidance of doubt, any adjustments to the terms of the notes made pursuant to clause (iii) above shall not be subject to the consent of the holders of the
notes, and we may, without the consent of the holders of the notes, amend or supplement the affected notes to reflect the implementation of the terms of clause (iii) above, as applicable.

Any determination, decision or election that may be made by us or our designee pursuant to clause (iii) above, including any
determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection,
will be conclusive and binding absent manifest error, may be made in the our or, subject to clause (ii) of the following sentence, our designee’s sole discretion, and, notwithstanding anything to the contrary in the documentation relating
to the notes, shall become effective without consent from any other party. In connection with any determination, decision or election pursuant to clause (iii) in the SOFR Provisions above, we may, in our sole discretion, (i) designate any
of our affiliates, any dealer, any affiliate of a dealer or any other person to make one or more determinations, decisions or elections on a temporary or permanent basis, (ii) determine to provide that any determination, decision or election to
be made by a designee will be made after consultation with us and subject to the condition that the designee will not make any such determination, decision or election to which we reasonably object and (iii) revoke any such designation. Any
person so designated in accordance with the immediately preceding sentence will be a “designee” for purposes of the provisions of this prospectus supplement for so long as such designation remains in effect.

“Benchmark” means, initially, the Secured Overnight Financing Rate compounded on a daily basis; provided that if we or our designee
has determined that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to the Secured Overnight Financing Rate or the then-current Benchmark, then “Benchmark” means the applicable Benchmark
Replacement.

S-22

“Benchmark Replacement” means the first alternative set forth in the order
presented in clause (iii) in the SOFR Provisions above that can be determined by us or our designee as