# EDGAR Filing Document

**Accession Number:** 0001086888
**File Stem:** 0001193125-25-305410
**Filing Date:** 2025-12
**Character Count:** 6127
**Document Hash:** 56656af8d9489a44851fdd357ac4a986
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-305410.hdr.sgml**: 20251202

**ACCESSION NUMBER**: 0001193125-25-305410

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251202

**DATE AS OF CHANGE**: 20251202

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MANULIFE FINANCIAL CORP
- **CENTRAL INDEX KEY:** 0001086888
- **STANDARD INDUSTRIAL CLASSIFICATION:** LIFE INSURANCE [6311]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 889897526
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-290499
- **FILM NUMBER:** 251543923

**BUSINESS ADDRESS:**
- **STREET 1:** 200 BLOOR ST EAST, NT-10
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M4W1E5
- **BUSINESS PHONE:** 416-926-3000

**MAIL ADDRESS:**
- **STREET 1:** 200 BLOOR ST EAST, NT-10
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M4W1E5
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MANULIFE FINANCIAL CORP
- **CENTRAL INDEX KEY:** 0001086888
- **STANDARD INDUSTRIAL CLASSIFICATION:** LIFE INSURANCE [6311]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 889897526
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** 200 BLOOR ST EAST, NT-10
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M4W1E5
- **BUSINESS PHONE:** 416-926-3000

**MAIL ADDRESS:**
- **STREET 1:** 200 BLOOR ST EAST, NT-10
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M4W1E5

**Filed Pursuant to Rule 433** 

**Registration Statement No. 333-290499** 

**Free Writing Prospectus** 

**(To Preliminary Prospectus Supplement dated December 2, 2025 and Prospectus dated September 25, 2025)** 

**MANULIFE FINANCIAL CORPORATION** 

**US$1,000,000,000 4.986% SENIOR NOTES DUE 2035** 

**FINAL TERM SHEET** 

**December 2, 2025** 

**<u>US$1,000,000,000 4.986% Senior Notes due 2035</u>**

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| | |
|:---|:---|
| **Issuer:** | Manulife Financial Corporation (the "Company") |
| **Title of Security:** | 4.986% Senior Notes due 2035 (the "Notes") |
| **Aggregate Principal Amount Offered:** | US$1,000,000,000 |
| **Maturity Date:** | December 11, 2035 |
| **Price to Public:** | 100.000% per Note and accrued interest, if any, from December 11, 2025 |
| **Net Proceeds to the Company before Expenses:** | US$995,500,000 |
| **Underwriting Discount:** | 0.450% |
| **Coupon (Interest Rate):** | 4.986% |
| **Yield:** | 4.986% |
| **Benchmark Treasury Price and Yield:** | 99-09+; 4.086% |
| **Spread to Benchmark Treasury:** | T + 90 basis points |
| **Benchmark Treasury:** | 4.000% due November 15, 2035 |
| **Interest Payment Dates:** | June 11 and December 11 of each year, beginning on June 11, 2026 |
| **Optional Redemption:** | The Company may redeem the Notes, in whole or in part, at any time, and from time to time. The redemption price (expressed as a percentage of principal amount and rounded to three decimal places) for the Notes to be redeemed on any redemption date that is prior |

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| | |
|:---|:---|
|  | to September 11, 2035 (the date that is three months prior to the maturity of the Notes) (the "Par Call Date"), will be equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed and (ii) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 15 basis points less (b) interest accrued to, but excluding, the redemption date, plus, in either case, accrued and unpaid interest thereon to, but excluding, such redemption date.<br>The redemption price for the Notes to be redeemed on any redemption date that is on or after the Par Call Date will be equal to 100% of the principal amount to be redeemed, plus accrued and unpaid interest to, but excluding, such redemption date.<br>The Company may also redeem all (but not less than all) of the Notes if certain changes affecting Canadian withholding taxes occur. |
| **Trade Date:** | December 2, 2025 |
| **Settlement Date:** | December 11, 2025 (T+7) |
| **CUSIP/ISIN:** | 56501RAX4/ US56501RAX44 |
| **Joint Book-Running Managers:** | BofA Securities, Inc. <br>Citigroup Global Markets Inc.<br> J.P. Morgan Securities LLC <br>Morgan Stanley & Co. LLC |
| **Co-Managers:** | DBS Bank Ltd.<br> Goldman Sachs & Co. LLC<br> SMBC Nikko Securities America, Inc.<br> Standard Chartered Bank<br> UBS Securities LLC<br> Wells Fargo Securities, LLC<br> ANZ Securities, Inc.<br> BNP Paribas Securities Corp.<br> Credit Agricole Securities (USA) Inc.<br> HSBC Securities (USA) Inc.<br> MUFG Securities Americas Inc.<br> Nomura Securities International, Inc. |

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The Company has filed a registration statement (including a base shelf prospectus dated September 25, 2025) and a preliminary prospectus supplement dated December 2, 2025 (including the base shelf prospectus, the "Prospectus") with the SEC for the offering to which this communication relates. Before you invest, you should read the Prospectus and the documents incorporated therein by reference that the Company has filed with the SEC for more complete information about the Company and this offering. You may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the Company or any underwriter participating in the offering will arrange to send you the Prospectus and any document incorporated therein by reference if you request such documents by calling BofA Securities, Inc. toll-free at 1-800-294-1322, Citigroup Global Markets Inc. toll-free at 1-800-831-9146, J.P. Morgan Securities LLC collect at 1-212-834-4533 or Morgan Stanley & Co. LLC toll-free at 1-866-718-1649.

Any disclaimer or other notice that may appear below is not applicable to this communication and should be disregarded. Such disclaimer or notice was automatically generated as a result of this communication being sent by Bloomberg or another email system.