Company: PBR
Filing Date: 2025-09-03
Form Type: 424B2
Source: 0001104659-25-086714
Chunk: 36

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-03
Form: 424B2
Chunk 36
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 “20 Notes Par Call Date” and, together with the 20 Notes
Par Call Date, the “Par Call Date”), on at least 10 days’ but not more than 60 days’ notice, at a redemption price
equal to 100% of the principal amount of the 20 Notes to be redeemed plus accrued and unpaid interest on the principal amount of such
20 Notes to the date of redemption.

Optional Redemption With “Make-Whole” Amount for the Notes

PGF will have the right at our option to redeem the 20Notes, in whole or in part, at any time or from time to time prior to the relevant
20 Notes Par Call Date, on at least 10 days’ but not more than 60 days’ notice, at a redemption price equal to the greater
of (i) 100% of the principal amount of such Notes and (ii) the sum of the present values of each remaining scheduled payment
of principal and interest thereon that would be due after the redemption date as if the 20 Notes were redeemed on the 20 Notes Par Call
Date discounted to the redemption date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury
Rate plus basis points, less interest accrued to the date of redemption, plus in each case accrued and unpaid interest on the principal
amount of such 20 Notes to the date of redemption.

PGF will have the right at our option to redeem the 20Notes, in whole or in part, at any time or from time to time prior to the relevant
20 Notes Par Call Date, on at least 10 days’ but not more than 60 days’ notice, at a redemption price equal to the greater
of (i) 100% of the principal amount of such Notes and (ii) the sum of the present values of each remaining scheduled payment
of principal and interest thereon that would be due after the redemption date as if the 20 Notes were redeemed on the 20 Notes Par Call
Date discounted to the redemption date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury
Rate plus basis points, less interest accrued to the date of redemption, plus in each case accrued and unpaid interest on the principal
amount of such 20 Notes to the date of redemption.

A redemption notice may at
PGF’s option be subject to the satisfaction of one or more conditions precedent, and such