Pricing Supplement Number 2 Dated 04/12/2004

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

Pricing Supplement Number 2 Dated 04/12/2004

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

Investors should read this pricing supplement in conjunction with the Prospectus and Prospectus Supplement.

 


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

74432AAE0

  100.00%   1.20%   $1,981,928.00   FIXED   4.25%   SEMI-ANNUAL   04/15/2011   10/15/2004   $21.25   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 Global 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

74432AAF7

  100.00%  

1.50%

 

$5,150,565.00

 

FIXED

  5.15%   SEMI-ANNUAL   04/15/2014   10/15/2004   $25.75   YES   Senior Unsecured Notes   A3   A-

 

Redemption Information: Callable at 100.000% on 04/15/2006 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 Global 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 04/15/2006 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

74432AAG5

  100.00%  

2.50%

 

$12,279,150.00

 

FIXED

  5.75%   SEMI-ANNUAL   04/15/2024   10/15/2004   $28.75   YES   Senior Unsecured Notes   A3   A-

 


Redemption Information: Callable at 100.000% on 04/15/2008 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 Global 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 04/15/2008 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.

751 Broad Street

Newark NJ 07102

  

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

Settle Date: Thursday, April 15, 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 the 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. The Prudential Financial, Inc. InterNotes will be represented by a single master global note in fully registered form, without coupons. The master global note will be deposited with, or on behalf of, DTC and registered in the name of a nominee of DTC, as depository, or another depository as may be named in a subsequent pricing supplement.

 

InterNotes® is the trade mark of INCAPITAL, LLC.

  

Prudential Financial, Inc.

$1,000,000,000.00 Prudential

Financial Inc. InterNotes®

Prospectus Dated 25-Apr-03 and

Prospectus Supplement Dated: 25-Mar-04


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