Business: Prudential Financial, Inc., 5.625% Junior Subordinated Notes due 8/15/2058, issued in $25 denominations, redeemable at the issuer's option on or after 8/15/2023 at $25 per note plus accrued and unpaid interest, and maturing 8/15/2058. <p> Interest distributions of 5.625% per annum ($1.40625 per annum or $0.3515625 per quarter) will be paid quarterly on 2/15, 5/15, 8/15 & 11/15 to holders of record as they appear on the books on the record dates fixed by the board (NOTE: the ex-dividend date is the record date). The issuer may redeem the notes at any time prior to 8/15/2023, within 90 days after the occurrence of a tax event, a rating agency event or a regulatory capital event, at a redemption price equal to (i) in the case of a tax event or a regulatory capital event, their principal amount plus accrued and unpaid interest or (ii) in the case of a rating agency event, 102% of their principal amount plus accrued and unpaid interest. <p> The issuer has the right to defer the payment of interest on the notes for one or more consecutive interest periods that do not exceed five years (see prospectus for further information). In the event the notes are treated as Tier 2 capital, any redemption of notes will be subject to our receipt of any required prior approval from any capital regulator (see prospectus for further information). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. <p> This security was rated as Baa2 by Moody’s and BBB+ by S&P at the date of its IPO. The Notes are unsecured, junior subordinated obligations of the company and will rank equally with all existing and future unsecured, subordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.