Prudential Financial 5.625% Junior Subordinated Notes due 2058

By: ,

Date of Issue  8/6/2018

Shares Sold   20,000,000       Overallotment Shares  3,000,000

S&P Rating  BBB+


Security Ticker Symbol   PRS

Market Traded ON   NYSE

Interest Payment Paid on the 15th of February, May, August and November beginning on 11/15/2018

Quarterly Interest   .352   Annual Interest   1.41

Securities may be redeemed, at the issuers option, as early as 8/15/2023 for a redemption price of $25/share plus accrued interest

Interest Payment Will NOT be Qualified Distributions.  Payments are interest (not dividends) thus they do not qualify for preferential tax rates.

Maturity Date   8/15/2058


Company Investor Relations Page for Prudential Financial


Click Here to find the offering prospectus


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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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