Business: Jackson Financial Inc. Depositary Shares each representing a 1/1000 interest in a share of the Fixed-Rate Reset Noncumulative Perpetual Preferred Stock, Series A, liquidation preference $25 per Depositary share, redeemable at the issuer's option on or after 03/30/2028 at $25 per Depositary share plus declared and unpaid dividends, and with no stated maturity. <p> Non-cumulative distributions of the Annual Fixed Dividend Rate will be paid quarterly on 3/30, 6/30, 9/30 & 12/30 to holders of record on 3/15, 6/15, 9/15 & 12/15 or another date fixed by the board, not more than 60 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). The Annual Fixed Dividend Rate will be 8.0% until the first redemption date, then it will be equal to the sum of the Five-year U.S. Treasury Rate on the applicable fixed rate calculation date plus 3.728%, resetting every 5 years thereafter on applicable fixed rate calculation date (see prospectus for more details). The dividends are non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate. <p> Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page S--33 of the prospectus for further information). All or a portion of the dividends classified as capital gain may be subject to an additional 3.8% tax. (see page S-33 of the prospectus for further information). <p> The Company may redeem the Depositary Shares before 03/30/2028 at $25 (100%) of their principal amount plus accrued and unpaid dividends, if a regulatory capital event occurs; before 03/30/2028 at $25.50 (102%) of their principal amount plus accrued and unpaid dividends if a rating agency event occurs. (see prospectus for further information).<p> This security was rated Ba1 by Moody’s and rated BB+ by S&P at the date of its IPO. This security was rated BB+ by Fitch Ratings Co. at the date of its IPO. In regard to the payment of distributions and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.