# EDGAR Filing Document

**Accession Number:** 0000021175
**File Stem:** 0001104659-25-074237
**Filing Date:** 2025-8
**Character Count:** 5101
**Document Hash:** be0df0c31a2113854f2a06ca9229038c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-074237.hdr.sgml**: 20250805

**ACCESSION NUMBER**: 0001104659-25-074237

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250805

**DATE AS OF CHANGE**: 20250805

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CNA FINANCIAL CORP
- **CENTRAL INDEX KEY:** 0000021175
- **STANDARD INDUSTRIAL CLASSIFICATION:** FIRE, MARINE & CASUALTY INSURANCE [6331]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 366169860
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-284882
- **FILM NUMBER:** 251185629

**BUSINESS ADDRESS:**
- **STREET 1:** CNA
- **STREET 2:** 151 N. FRANKLIN
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 3128225000

**MAIL ADDRESS:**
- **STREET 1:** CNA
- **STREET 2:** 151 N. FRANKLIN
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CNA FINANCIAL CORP
- **CENTRAL INDEX KEY:** 0000021175
- **STANDARD INDUSTRIAL CLASSIFICATION:** FIRE, MARINE & CASUALTY INSURANCE [6331]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 366169860
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** CNA
- **STREET 2:** 151 N. FRANKLIN
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 3128225000

**MAIL ADDRESS:**
- **STREET 1:** CNA
- **STREET 2:** 151 N. FRANKLIN
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

**Issuer Free Writing Prospectus** 

**Filed Pursuant to Rule 433** 

**Registration No. 333- 284882**

**August 5, 2025**

**CNA Financial Corporation**

**$500,000,000**

**5.200% Notes Due 2035**

**Final Term Sheet**

---

| | |
|:---|:---|
| **Issuer:** | CNA Financial Corporation |
| **Offering Format:** | SEC Registered |
| **Securities:** | 5.200% Notes due 2035 (the "Notes") |
| **Security Type:** | Senior Unsecured Fixed Rate Notes |
| **Trade Date:** | August 5, 2025 |
| **Settlement Date\*:** | August 12, 2025 (T + 5) |
| **Maturity Date:** | August 15, 2035 |
| **Expected Ratings (Moody's / S&P / Fitch)\*\*:** | Baa2 / A- / BBB+ |
| **Interest Payment Dates:** | Semi-annually on February 15 and August 15, commencing on February 15, 2026 |
| **Principal Amount:** | $500000000 |
| **Treasury Benchmark:** | 4.250% due May 15, 2035 |
| **Treasury Benchmark Price:** | 100-11 |
| **Treasury Benchmark Yield:** | 4.206% |
| **Spread to Treasury Benchmark:** | T + 103 basis points |
| **Yield to Maturity:** | 5.236% |
| **Coupon:** | 5.200% |
| **Price to Public:** | 99.722% of principal amount |
| **Optional Redemption:** | Make-whole at T + 20 basis points any time prior to May 15, 2035; par call at any time on or after May 15, 2035 |
| **CUSIP / ISIN:** | 126117 AZ3 / US126117AZ36 |
| **Joint Book-Running Managers:** | Wells Fargo Securities, LLC<br> Citigroup Global Markets Inc.<br> J.P. Morgan Securities LLC<br> Barclays Capital Inc.<br> BofA Securities, Inc.<br> U.S. Bancorp Investments, Inc. |
| **Co-Managers:** | Academy Securities, Inc.<br> Samuel A. Ramirez & Company, Inc.  |

---

\*It is expected that delivery of the Notes will be made against payment therefor on or about August 12, 2025, which will be the fifth business day following the date hereof (this settlement cycle being referred to as "T+5"). Under Rule 15c6-1 of the Securities Exchange Act of 1934, trades in the secondary market generally are required to settle in one business day, unless the parties to a trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes prior to the business day immediately preceding the settlement date will be required to specify alternative settlement arrangements at the time of any such trade to prevent a failed settlement and should consult their own advisors.

\*\*Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

The issuer has filed a registration statement, including a prospectus, with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC website at <u>www.sec.gov</u>. Alternatively, the Joint Book-Running Managers in the offering will arrange to send you the prospectus if you request it by calling Wells Fargo Securities, LLC toll-free at (800) 645-3751, Citigroup Global Markets Inc. at 1 (800) 831-9146 or J.P. Morgan Securities LLC (collect) at (212) 834-4533.

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.