Company: CFG-PE
Filing Date: 2025-02-24
Form Type: 424B2
Source: 0001193125-25-032848
Chunk: 12

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-24
Form: 424B2
Chunk 12
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 is lowered or withdrawn. Events for which acceleration rights under the notes may be exercised are more limited than those available under the terms of our outstanding senior notes issued prior to the issue date of the notes. In connection with the delivery of the notes, we expect to enter into the Tenth Supplemental Indenture (as defined below), pursuant to which the terms of the notes will be established. The terms of the notes will include, among other things, the circumstances under which the payment of the principal amount of the notes can be accelerated. All or substantially all of CFG’s outstanding senior notes issued prior to January 2024 (the “pre-existingsenior notes”) provide acceleration rights for nonpayment of principal, premium (if any) or interest and for certain events relating to CFG’s bankruptcy, insolvency or reorganization. The pre-existingsenior notes also provide acceleration rights for certain bankruptcy, insolvency or reorganization events involving a principal bank subsidiary of CFG and for our default in the performance, or breach, of certain of our covenants or warranties in the Base Indenture (as defined below) and continuance of such default or breach for 60 days after we have received written notice of such failure. In addition, the pre-existingsenior notes provide for a seven-daycure period, rather than a 30-daycure period, before a nonpayment of principal becomes an event of default and acceleration rights become exercisable with respect to such nonpayment. However, under the Tenth Supplemental Indenture payment of the principal amount of the notes:

| • |     | may be accelerated only for (i) our failure to pay the principal of, premium (if any) or interest on the                                                                                                
 notes and, in each case, such nonpayment continues for 30 days after such payment is due, or (ii) the occurrence of certain events relating to our bankruptcy, insolvency or reorganization of CFG; and |

| • |     | may not be accelerated if (i) we fail to perform any covenant or agreement (other than nonpayment of                                                                                              
 principal, premium (if any) or interest) in the Indenture or (ii) upon the occurrence of any events relating to bankruptcy, insolvency or reorganization of any principal bank subsidiary of CFG. |

As a result of these differing provisions, if we fail to perform certain covenants or agreements (other than nonpayment of principal, premium (if any) or interest) that apply both to