Prudential Financial, Inc. to Redeem 5.20% Fixed-to-Floating Rate Junior Subordinated Notes due 2044

Core Viewpoint - Prudential Financial, Inc. will redeem all of its $500 million outstanding 5.20% Fixed-to-Floating Rate Junior Subordinated Notes due 2044 on March 15, 2024, at a redemption price of 100% of the principal amount plus accrued interest [1] Group 1 - The total principal amount of the Notes being redeemed is $500 million [1] - The redemption will occur on March 15, 2024, at a price equal to 100% of the principal amount [1] - A notice of redemption is being sent to all registered holders of the Notes by The Bank of New York Mellon [1] Group 2 - Prudential Financial, Inc. is a global financial services leader with approximately $1.4 trillion in assets under management as of December 31, 2023 [3] - The company operates in the United States, Asia, Europe, and Latin America [3] - Prudential has a history of nearly 150 years, symbolized by its iconic Rock symbol representing strength, stability, expertise, and innovation [3]