Pricing Supplement Number 1 Dated 04/05/2004

Filed Under Rule 424(b)(3), Registration Statement No. 333-104444, 333-104444-01 and 333-104444-02

Pricing Supplement Number 1 Dated 04/05/2004

(To: Prospectus Dated April 25, 2003 and Prospectus Supplement Dated: March 25, 2004)

 


CUSIP
Number
  Selling
Price
  Gross
Concession
  Net
Proceeds
  Coupon
Type
  Coupon
Rate
  Coupon
Frequency
  Maturity
Date
 

1st

Coupon
Date

  1st
Coupon
Amount
  Survivor’s
Option
  Product
Ranking
  Moody’s
Rating
  S & P
Rating

74432AAA8   100.000%   1.000%   $543,510.00   FIXED   3.250%   SEMI-
ANNUAL
  04/15/2009   10/15/2004   $16.88   YES   Senior
Unsecured
Notes
  A3   A–

 

Redemption Information: Non-Callable.

 

Joint Lead Managers and Lead Agents: Banc of America Securities LLC, INCAPITAL, LLC Agents: A.G. Edwards & Sons, Inc., Bear, Stearns & Co., Inc., Charles Schwab & Co. Inc., Citigroup Capital Markets Inc., Edward D. Jones & Co., L.P., Fidelity Capital Markets, Merrill Lynch & Co., Morgan Stanley, Ramirez & Co., Inc., Raymond James & Associates, Inc., RBC Dain Rauscher Inc., Muriel Siebert & Co., Inc., UBS Financial Services Inc., Wachovia Securities LLC

 


CUSIP
Number
  Selling
Price
  Gross
Concession
  Net
Proceeds
  Coupon
Type
  Coupon
Rate
  Coupon
Frequency
  Maturity
Date
 

1st

Coupon
Date

  1st
Coupon
Amount
  Survivor’s
Option
  Product
Ranking
  Moody’s
Rating
  S & P
Rating

74432AAB6   100.000%   1.200%   $346,788.00   FIXED   3.800%   MONTHLY   04/15/2011   05/15/2004   $3.91   YES   Senior
Unsecured
Notes
  A3   A–

 

Redemption Information: Non-Callable.

 

Joint Lead Managers and Lead Agents: Banc of America Securities LLC, INCAPITAL, LLC Agents: A.G. Edwards & Sons, Inc., Bear, Stearns & Co., Inc., Charles Schwab & Co. Inc., Citigroup Capital Markets Inc., Edward D. Jones & Co., L.P., Fidelity Capital Markets, Merrill Lynch & Co., Morgan Stanley, Ramirez & Co., Inc., Raymond James & Associates, Inc., RBC Dain Rauscher Inc., Muriel Siebert & Co., Inc., UBS Financial Services Inc., Wachovia Securities LLC

 


CUSIP
Number
  Selling
Price
  Gross
Concession
  Net
Proceeds
  Coupon
Type
  Coupon
Rate
  Coupon
Frequency
  Maturity
Date
 

1st

Coupon
Date

  1st
Coupon
Amount
  Survivor’s
Option
  Product
Ranking
  Moody’s
Rating
  S & P
Rating

74432AAC4   100.000%   2.000%   $3,663,240.00   FIXED   5.350%   SEMI-
ANNUAL
  04/15/2019   10/15/2004   $27.79   YES   Senior
Unsecured
Notes
  A3   A–


Redemption Information: Callable at 100.000% on 04/15/2007 and every coupon date thereafter.

 

Joint Lead Managers and Lead Agents: Banc of America Securities LLC, INCAPITAL, LLC Agents: A.G. Edwards & Sons, Inc., Bear, Stearns & Co., Inc., Charles Schwab & Co. Inc., Citigroup Capital Markets Inc., Edward D. Jones & Co., L.P., Fidelity Capital Markets, Merrill Lynch & Co., Morgan Stanley, Ramirez & Co., Inc., Raymond James & Associates, Inc., RBC Dain Rauscher Inc., Muriel Siebert & Co., Inc., UBS Financial Services Inc., Wachovia Securities LLC The Prudential Financial, Inc. InterNotes will be subject to redemption at the option of Prudential Financial, Inc., in whole on the Interest Payment Date occurring any time on or after 04/15/2007 at a redemption price equal to 100% of the principal amount of the Prudential Financial, Inc. InterNotes, plus accrued interest thereon, if any, upon at least 30 days’ prior notice to the Noteholder and the Trustee, as described in the Prospectus.

 


CUSIP
Number
  Selling
Price
  Gross
Concession
  Net
Proceeds
  Coupon
Type
  Coupon
Rate
  Coupon
Frequency
  Maturity
Date
  1st Coupon
Date
  1st
Coupon
Amount
  Survivor’s
Option
  Product
Ranking
  Moody’s
Rating
  S & P
Rating

74432AAD2   100.000%   2.500%   $9,977,175.00   FIXED   5.650%   SEMI-
ANNUAL
  04/15/2029   10/15/2004   $29.35   YES   Senior
Unsecured
Notes
  A3   A–

 

Redemption Information: Callable at 100.000% on 04/15/2009 and every coupon date thereafter.

 

Joint Lead Managers and Lead Agents: Banc of America Securities LLC, INCAPITAL, LLC Agents: A.G. Edwards & Sons, Inc., Bear, Stearns & Co., Inc., Charles Schwab & Co. Inc., Citigroup Capital Markets Inc., Edward D. Jones & Co., L.P., Fidelity Capital Markets, Merrill Lynch & Co., Morgan Stanley, Ramirez & Co., Inc., Raymond James & Associates, Inc., RBC Dain Rauscher Inc., Muriel Siebert & Co., Inc., UBS Financial Services Inc., Wachovia Securities LLC The Prudential Financial, Inc. InterNotes will be subject to redemption at the option of Prudential Financial, Inc., in whole on the Interest Payment Date occurring any time on or after 04/15/2009 at a redemption price equal to 100% of the principal amount of the Prudential Financial, Inc. InterNotes, plus accrued interest thereon, if any, upon at least 30 days’ prior notice to the Noteholder and the Trustee, as described in the Prospectus.

 


 

 

Prudential Financial, Inc.

 

Trade Date: Monday, April 05, 2004 @12:00 PM ET

Settle Date: Thursday, April 08, 2004

Minimum Denomination/Increments:

$1,000.00/$1,000.00

Initial trades settle flat and clear SDFS: DTC Book Entry only

DTC number: 0443 via BNY Clearing Services, LLC

 

If the maturity date or an interest payment date for any note is not a Business Day (as defined in Prospectus), principal, premium, if any, and interest for that note is paid on the next Business Day, and no interest will accrue from, and after, the maturity date or interest payment date.

 

InterNotes® is the trade mark of INCAPITAL, LLC. All rights reserved

 

Prudential Financial, Inc.

$1,000,000,000.00 Prudential

Financial Inc. InterNotes®

Prospectus Dated 25-Apr-03 and

Prospectus Supplement Dated: 25-Mar-04


    All rights reserved