Prudential Financial’s $1 Billion Notes Offering

February 25, 2019

Cleary Gottlieb represented the underwriters, led by Morgan Stanley & Co. LLC; BNP Paribas Securities Corp.; Deutsche Bank Securities Inc.; HSBC Securities (USA) Inc.; Merrill Lynch, Pierce, Fenner & Smith Inc.; and U.S. Bancorp Investments Inc., in an SEC-registered shelf takedown by Prudential Financial of $1 billion 4.35% notes due February 25, 2050.

The offering priced on February 20, 2019, and closed on February 25, 2019.

Prudential Financial is a financial services leader with approximately $1.377 trillion of assets under management as of February 2019 and has operations primarily in the United States, Asia, Europe, and Latin America. Its businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, and investment management.