NatWest Group plc Files Preliminary Prospectus Supplement for Senior Reset Rate Notes

Offering Overview

On October 13, 2026, NatWest Group plc filed a preliminary prospectus supplement on Form 424B5 under Registration Statement No. 333-284008. The filing outlines a proposed registered public offering of Senior Callable Fixed-to-Fixed Reset Rate Notes.

Key Terms & Structure

• Issuer: NatWest Group plc
• Instrument: Senior Callable Fixed-to-Fixed Reset Rate Notes
• Pricing & Coupon: Subject to completion; the notes will initially pay a fixed rate semi-annually until the reset date, resetting to the prevailing U.S. Treasury Rate plus a fixed margin.
• Ranking: Direct, unconditional, unsecured, and unsubordinated obligations ranking pari passu with all other unsecured and unsubordinated obligations.
• Redemption: Callable at par on the Optional Redemption Date, upon the occurrence of a Loss Absorption Disqualification Event, or due to certain tax law changes (subject to PRA regulatory consent).
• Bail-in Power: Subject to the UK statutory bail-in regime under the Banking Act 2009.
• Listing: Intended for listing on the New York Stock Exchange (NYSE).
• Underwriters: NatWest, Citigroup, J.P. Morgan, Mizuho, Morgan Stanley, and TD Securities.
• Use of Proceeds: To fund general banking business operations.