This pricing supplement relates to an automatically effective Registration Statement under the Securities Act of 1933, as amended, and is not complete. Notes will not be sold until a final pricing supplement is delivered. The supplement and accompanying documents are not offers to sell in jurisdictions where such offers would be prohibited.
Key Details:
- Issue Date: June 1, 2026 (Offering period: June 1–8, 2026; Trade/Settle dates: June 8/11, 2026)
- Minimum Denomination: $1,000
- Interest Payment: Semi-annual on June 15 and December 15; first payment due December 15, 2026.
- Maturity: Stated above (non-callable).
- Interest Rate: Specified in the prospectus.
Redemption & Record Dates:
- Notes are non-callable.
- Record dates are each business day before interest payment dates.
Price & Concessions:
- Notes sold at the price specified in this supplement.
- Purchasing Agent (InspereX LLC) buys from the issuer at the selling price less a gross concession.
- Agents/dealers may resell notes at a discount (up to 0.6500% of principal) or pass on concessions to clients (level-fee accounts).
Agents & Trustee:
- Purchasing Agent: InspereX LLC
- Agents: Academy Securities, BofA/Merrill Lynch, Citigroup, Morgan Stanley, RBC Capital Markets, Wells Fargo Advisors
- Trustee: The Bank of New York
- Paying Agent/Registrar/Transfer Agent: Citibank, N.A. (administers survivor’s options).
Additional Notes:
- If payment dates fall on non-business days, payments are delayed to the next business day.
- Survivor’s option features have limitations (see page S-32 of the prospectus supplement).
- Initial trades settle flat via DTC Book-Entry (DTC Number: 0235 via RBC Dain Rauscher Inc.).
