Obligation Prudential Finance Inc. 3.7% ( US74432QCF00 ) en USD

Prudential Finance Inc.

100 % ▲

Etas-Unis

US74432QCF00 ( en USD )

3.7% par an ( paiement semestriel )

12/03/2051

Prospectus brochure de l'obligation Prudential Financial Inc US74432QCF00 en USD 3.7%, échéance 12/03/2051

1 000 USD

1 500 000 000 USD

74432QCF0

A ( Qualité moyenne supérieure )

A3 ( Qualité moyenne supérieure )

13/09/2025 ( Dans 132 jours )

Prudential Financial Inc. est une société de services financiers américaine offrant une gamme de produits et services d'assurance, de gestion d'actifs et de gestion de patrimoine à des clients individuels et institutionnels.

L'Obligation émise par Prudential Finance Inc. ( Etas-Unis ) , en USD, avec le code ISIN US74432QCF00, paye un coupon de 3.7% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 12/03/2051

L'Obligation émise par Prudential Finance Inc. ( Etas-Unis ) , en USD, avec le code ISIN US74432QCF00, a été notée A3 ( Qualité moyenne supérieure ) par l'agence de notation Moody's.

L'Obligation émise par Prudential Finance Inc. ( Etas-Unis ) , en USD, avec le code ISIN US74432QCF00, a été notée A ( Qualité moyenne supérieure ) par l'agence de notation Standard & Poor's ( S&P ).

9/12/2019
PRICING SUPPLEMENT NO.4
424B2 1 d790260d424b2.htm PRICING SUPPLEMENT NO.4
Filed pursuant to Rule 424(b)(2)
Registration No. 333-223355
PRICING SUPPLEMENT NO. 4, DATED SEPTEMBER 10, 2019
CALCULATION OF REGISTRATION FEE

Maximum
Title of Each Class of
Aggregate Offering
Amount of
Securities to be Offered

Price (1)
Registration Fee (2)
3.700% Medium-Term Notes, Series E
Due March 13, 2051
$1,489,770,000
$180,560

(1)
Excludes accrued interest, if any.
(2)
Calculated in accordance with Rule 457(r) under the Securities Act of 1933, as amended. This "Calculation of Registration Fee"
table shall be deemed to update the "Calculation of Registration Fee" table in Prudential Financial, Inc.'s Registration Statement
on Form S-3 (No. 333-223355).
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PRICING SUPPLEMENT NO.4
Pricing Supplement No. 4, dated September 10, 2019,
to the Prospectus, dated March 1, 2018, and
the Prospectus Supplement, dated March 1, 2018.

$1,500,000,000
PRUDENTIAL FINANCIAL, INC.
3.700% MEDIUM-TERM NOTES, SERIES E
DUE MARCH 13, 2051

UNDERWRITER AND PRINCIPAL AMOUNT:

Goldman Sachs & Co. LLC

$ 212,500,000
Barclays Capital Inc.

$ 212,500,000
Citigroup Global Markets Inc.

$ 212,500,000
Credit Suisse Securities (USA) LLC

$ 212,500,000
Mizuho Securities USA LLC

$ 212,500,000
Wells Fargo Securities, LLC

$ 212,500,000
Natixis Securities Americas LLC

$
37,500,000
Scotia Capital (USA) Inc.

$
37,500,000
SG Americas Securities, LLC

$
37,500,000
The Williams Capital Group, L.P.

$
37,500,000
Academy Securities, Inc.

$
15,000,000
CastleOak Securities, L.P.

$
15,000,000
Drexel Hamilton, LLC

$
15,000,000
R. Seelaus & Co., LLC

$
15,000,000
Samuel A. Ramirez & Company, Inc.

$
15,000,000
TOTAL

$1,500,000,000
The note being purchased has the following terms:
STATED MATURITY: March 13, 2051
SPECIFIED CURRENCY: U.S. dollars
principal: U.S. dollars
interest: U.S. dollars
exchange rate agent: Not applicable

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9/12/2019
PRICING SUPPLEMENT NO.4
TRADE DATE: September 10, 2019
ORIGINAL ISSUE DATE: September 13, 2019
ORIGINAL ISSUE PRICE: 99.318%
UNDERWRITERS COMMISSION: 0.875%
NET PROCEEDS TO PRUDENTIAL FINANCIAL, INC. (before expenses): 98.443% or $1,476,645,000
AMORTIZING NOTE: Not applicable
ORIGINAL ISSUE DISCOUNT NOTE: Not applicable
EXTENDIBLE NOTE: Not applicable
FORM OF NOTE:
master global form only: Yes
non-global form available:
CUSIP/ISIN: 74432QCF0/US74432QCF00
REDEMPTION AND REPAYMENT Prior to September 13, 2050, redeemable at a redemption price equal to the greater of (a) 100%
of the principal amount of the notes and (b) the discounted value at CMT rate plus 25 basis points as described in the Prospectus
Supplement dated March 1, 2018, plus accrued and unpaid interest to but excluding the redemption date. On or after September 13,
2050, redeemable at a redemption price equal to 100% of the principal amount of the notes, plus accrued and unpaid interest to the
redemption date.
INTEREST RATE IS FIXED: Yes
INTEREST RATE IS FLOATING: No
Base Rate:
Base Rate Source:
Initial Interest Rate:
Spread, if any:
Spread Multiplier, if any:
Interest Determination Dates:
Interest Reset Dates:
Interest Payment Dates:
Record Dates:
Index Maturity:
Maximum Interest Rate, if any:
Minimum Interest Rate, if any:
INTEREST PAYMENT DATES: Semi-annually on the 13th day of each March and September, starting March 13, 2020.
DAY COUNT FRACTION: The amount of interest payable for any interest period will be computed on the basis of a 360-day year of
twelve 30-day months.

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PRICING SUPPLEMENT NO.4
REPORTS AND EVENTS OF DEFAULT:
The indenture, to the extent relating to the notes offered hereunder, certain notes previously issued under the indenture and all
future series of securities under the indenture, provides that any documents or reports that Prudential Financial, Inc. may be required to
file with the Securities and Exchange Commission, or SEC, pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, as
amended, will be filed with the trustee within 15 days after Prudential Financial, Inc. has filed those documents or reports with the
SEC. Under the Trust Indenture Act of 1939, as amended, Prudential Financial, Inc. may have a separate obligation to file with the
trustee documents or reports it is required to file with the SEC. Prudential Financial, Inc.'s failure to comply with either filing
obligation is not an event that will result in an event of default under the indenture. Accordingly, acceleration of Prudential Financial,
Inc.'s obligations under the notes offered hereunder will not be a remedy for its failure to file those documents or reports with the
trustee, and you may have no remedy for the failure other than an action in damages. For certain other outstanding series of notes of
Prudential Financial, Inc., acceleration is a remedy, upon appropriate notice and passage of time, for the holders of those securities for
Prudential Financial, Inc.'s failure to file documents or reports with the trustee.
DEFEASANCE APPLIES AS FOLLOWS:
full defeasance--i.e., our right to be relieved of all our obligations on the note by placing funds in trust for the investor: Yes
covenant defeasance--i.e., our right to be relieved of specified provisions of the note by placing funds in trust for the investor:
Yes

Certain Federal Income Tax Considerations
Book/Tax Conformity
United States persons that use an accrual method of accounting for tax purposes ("accrual method holders") generally are
required to include certain amounts in income no later than the time such amounts are reflected on certain financial statements (the
"book/tax conformity rule"). The application of the book/tax conformity rule thus may require the accrual of income earlier than would
be the case under the general tax rules described below. It is not entirely clear to what types of income the book/tax conformity rule
applies, or, in some cases, how the rule is to be applied if it is applicable. However, recently released proposed regulations generally
would exclude, among other items, original issue discount and market discount (in either case, whether or not de minimis) from the
applicability of the book/tax conformity rule. Although the proposed regulations generally will not be effective until taxable years
beginning after the date on which they are issued in final form, taxpayers generally are permitted to elect to rely on their provisions
currently. Accrual method holders should consult with their tax advisors regarding the potential applicability of the book/tax
conformity rule to their particular situation.
FATCA Withholding
On December 13, 2018, the Internal Revenue Service proposed regulations, upon which taxpayers can rely, that eliminate FATCA
withholding (as defined in the Prospectus Supplement, dated March 1, 2018) on gross proceeds. For a discussion of FATCA
withholding, see "Certain Federal Income Tax Considerations--FATCA Withholding" in the Prospectus Supplement, dated March 1,
2018.

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PRICING SUPPLEMENT NO.4

Supplemental Plan of Distribution
Prudential Financial, Inc. estimates that the total offering expenses, excluding the underwriting discount and commission paid to
the underwriters, will be approximately $300,000.
Singapore Securities and Futures Act Product Classifications--Solely for the purposes of its obligations pursuant to sections
309B(1)(a) and 309B(1)(c) of the Securities and Futures Act, Chapter 289 of Singapore (the "SFA"), we have determined, and hereby
notify all persons, that the notes are "prescribed capital markets products" (as defined in the Securities and Futures (Capital Markets
Products) Regulations 2018 of Singapore) and Excluded Investment Products (as defined in MAS Notice SFA 04-N12: Notice on the
Sale of Investment Products and MAS Notice FAA-N16: Notice on Recommendations on Investment Products).
The selling restrictions for the following jurisdictions are amended in their entirety as follows:
European Economic Area
The notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made
available to any retail investor in the European Economic Area ("EEA"). For these purposes, a retail investor means a person who is
one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, "MiFID II"); or (ii) a
customer within the meaning of Directive 2016/97/EU (the "Insurance Distribution Directive"), where that customer would not qualify
as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in Regulation
(EU) 2017/1129 (the "Prospectus Regulation"). Consequently no key information document required by Regulation (EU) No
1286/2014 (as amended, the "PRIIPs Regulation") for offering or selling the notes or otherwise making them available to retail
investors in the EEA has been prepared and therefore offering or selling the notes or otherwise making them available to any retail
investor in the EEA may be unlawful under the PRIIPs Regulation. This pricing supplement and the accompanying prospectus and
prospectus supplement have been prepared on the basis that any offer of notes in any Member State of the EEA will be made pursuant
to an exemption under the Prospectus Regulation from the requirement to publish a prospectus for offers of notes. This pricing
supplement and the accompanying prospectus and prospectus supplement are not a prospectus for the purposes of the Prospectus
Regulation.
United Kingdom
In the United Kingdom, this pricing supplement and the accompanying prospectus and prospectus supplement are being
distributed only to, and is directed only at, persons who are "qualified investors" (as defined in the Prospectus Regulation) who are
(i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order
2005 (the "Order"), or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order, or (iii) persons to whom it may
lawfully be communicated, all such persons together being referred to as "Relevant Persons". The notes are only available to, and any
invitation, offer or agreement to subscribe, purchase or otherwise acquire such notes will be engaged in only with, Relevant Persons.
This pricing supplement and the accompanying prospectus and prospectus supplement and their contents are confidential and should
not be distributed, published or reproduced (in whole or in part) or disclosed by any recipients to any other person in the United
Kingdom. Any person in the United Kingdom that is not a Relevant Person should not act or rely on this pricing supplement and the
accompanying prospectus and prospectus supplement, or their contents. The notes are not being offered to the public in the United
Kingdom. In addition, in the United Kingdom, the notes may not be offered other than by an agent that:

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PRICING SUPPLEMENT NO.4
(a)
has only communicated or caused to be communicated and will only communicate or cause to be communicated an
invitation or inducement to engage in investment activity (within the meaning of Section 21 of the Financial Services and

Markets Act 2000 (the "FSMA")) received by it in connection with the issue or sale of the notes in circumstances in which
Section 21(1) of the FSMA would not apply to the issuer; and
(b)
has complied and will comply with all applicable provisions of the FSMA with respect to anything done by it in relation to

the notes in, from or otherwise involving the United Kingdom.

Use of Proceeds
We intend to use the net proceeds from the sale of the notes to pay a portion of the consideration for our previously announced
acquisition of Assurance IQ, Inc. and for general corporate purposes, which may include refinancing portions of our medium-term
notes maturing through 2020.

Goldman
Barclays
Citigroup
Credit Suisse
Mizuho
Wells Fargo
Sachs & Co.
Securities
Securities
LLC

Natixis
Scotiabank
SOCIETE
The Williams Capital

GENERALE

Group, L.P.
Academy
CastleOak
Drexel Hamilton
R. Seelaus & Co.,
Ramirez & Co.,
Securities

Securities, L.P.

LLC

Inc.

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