Form 424B2 PRUDENTIAL FINANCIAL

June 16, 2025 3:32 PM EDT

This pricing supplement, which is not complete, relates to an automatically effective Registration Statement under the Securities Act of 1933, as amended. We may not sell the notes until we deliver a final pricing supplement. This pricing supplement and the accompanying prospectus supplement and prospectus are not an offer to sell these notes in any jurisdiction where such an offer would not be permitted.

Subject to completion, dated June 16, 2025

 

LOGO   

Prudential Financial InterNotes®, Due Six Months or More from Date of Issue

Filed under Rule 424(b)(2), Registration Statement No. 333-277590

Preliminary Pricing Supplement No. 24 - Dated  Monday, June 16, 2025. To Prospectus Dated March 1, 2024 and Prospectus Supplement dated August 5, 2024

Investors should read this pricing supplement in conjunction with the Prospectus and Prospectus Supplement.

 

CUSIP

Number

        Aggregate
Principal Amount
        Selling
Price
        Gross
Concession
        Net
Proceeds
        Interest
Type
        Interest
Rate
        Payment
Frequency
       

Maturity

Date

       

1st Interest
Payment

Date

        1st Interest
Payment
Amount
        Survivor’s
Option*
       

Product

Ranking

74432BBA5

     [ ]      100.000%      0.550%      [ ]      Fixed      4.200%      Semi-Annual      06/15/2027      12/15/2025      $19.72      Yes      Senior Unsecured Notes 

 

We will pay you interest on the notes on a Semi-Annual basis on Jun 15th and Dec 15th. The first such payment will be made on Dec 15, 2025. The interest rate per annum and stated maturity date are set out above. The regular record dates for your notes are each business day preceding each date on which interest is paid.

 

Any notes sold by the selling agents to securities dealers, or by securities dealers to certain other brokers or dealers, may be sold at a discount from the initial selling price up to 0.2000% of the principal amount.

 

Redemption Information: Non-Callable

 

Purchasing Agent: InspereX LLC Agents: BofA / Merrill Lynch, Citigroup, Morgan Stanley, RBC Capital Markets, Wells Fargo Advisors

 

74432BBB3

     [ ]      100.000%      1.800%      [ ]      Fixed      5.200%      Semi-Annual      06/15/2035      12/15/2025      $24.41      Yes      Senior Unsecured Notes 

 

Subject to our redemption right, we will pay you interest on the notes on a Semi-Annual basis on Jun 15th and Dec 15th. The first such payment will be made on Dec 15, 2025. The interest rate per annum and stated maturity date are set out above. The regular record dates for your notes are each business day preceding each date on which interest is paid.

 

Any notes sold by the selling agents to securities dealers, or by securities dealers to certain other brokers or dealers, may be sold at a discount from the initial selling price up to 0.9000% of the principal amount.

 

Redemption Information: Callable at 100.000% on 06/15/2027 and every interest payment date thereafter.

 

This tranche of Prudential Financial, Inc. InterNotes (CUSIP 74432BBB3) will be subject to redemption at the option of Prudential Financial, Inc., in whole on the interest payment date occurring on 06/15/2027 and on any interest payment date thereafter at a redemption price equal to 100% of the principal amount of this tranche of Prudential Financial, Inc. InterNotes plus accrued and unpaid interest thereon, if any, upon at least 30 Calendar Days prior notice to the noteholder and the trustee, as described in the prospectus supplement.

 

Additional Information: The notes do not amortize and are not zero coupon or original discount notes.

 

Purchasing Agent: InspereX LLC Agents: BofA / Merrill Lynch, Citigroup, Morgan Stanley, RBC Capital Markets, Wells Fargo Advisors

 

 

Offering Date: Monday, June 16, 2025 through Monday, June 23, 2025   

Prudential Financial, Inc.

Trade Date: Monday, June 23, 2025 @ 12:00 PM ET   

Prudential Financial Internotes®

Settle Date: Thursday, June 26, 2025   

Prospectus Dated March 1, 2024 and

Minimum Denomination/Increments: $1,000.00/$1,000.00   

Prospectus Supplement Dated August 5, 2024

Initial trades settle flat and clear SDFS: DTC Book-Entry only   
DTC Number 0235 via RBC Dain Rauscher Inc.   

If the maturity date, redemption date or an interest payment date for any note is not a business day (as that term is defined in the prospectus), principal, premium, if any, and interest for that note is paid on the next business day, and no interest will accrue from, and after, the maturity date, redemption date or interest payment date (following unadjusted business day convention).

* The survivor’s option feature of your note is subject to important limitations, restrictions and procedural requirements further described on page S-32 of your prospectus supplement.

The Bank of New York will act as trustee for the Notes. Citibank, N.A., will act as paying agent, registrar and transfer agent for the Notes and will administer any survivor’s options with respect thereto.

InterNotes® is a registered trademark of InspereX Holdings LLC. All Rights Reserved.

 



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