Prudential financial, inc. to redeem 5.625% fixed-to-floating rate junior subordinated notes due 2043

Newark, n.j.--(business wire)--prudential financial, inc. (nyse: pru) announced today that it will redeem all of the $1,500,000,000 outstanding aggregate principal amount of its 5.625% fixed-to-floating rate junior subordinated notes due 2043 (cusip/isin no. 744320am4 / us744320am42) (the “notes”). the notes will be redeemed on june 15, 2023 at a redemption price equal to 100% of the principal amount of the notes, plus accrued and unpaid interest to, but excluding, the redemption date. a notice.
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