Procter & Gamble Prices $352.2M Floating Rate Notes Due 2076

Offering Overview

On October 28, 2026, The Procter & Gamble Company filed a final prospectus supplement pursuant to Rule 424(b)(5) under Registration No. 333-299472 for an offering of $352,231,000 aggregate principal amount of Floating Rate Notes due 2076.

Key Terms of the Notes

• Issuer: The Procter & Gamble Company
• Security: Floating Rate Notes due 2076
• Principal Amount: $352,231,000
• Issue Price: 100.000% of principal amount
• Interest Benchmark: Compounded SOFR less 0.45% per annum
• Interest Payment Dates: Quarterly on February 2, May 2, August 2, and November 2 of each year, commencing February 2, 2027
• Maturity Date: November 2, 2076
• Redemption Option: P&G maintains the right to redeem all or a portion of the notes beginning on November 2, 2056, and anytime thereafter at specified redemption prices plus accrued interest
• Repurchase / Put Option: Holders may require P&G to repurchase all or a portion of the notes beginning November 2, 2027, every November 2 through 2037, and every third year thereafter
• Tax Acceleration / Event: The issuer retains the right to shorten maturity in the event of a tax event to ensure interest deductibility for U.S. federal income tax purposes

Underwriting & Proceeds

• Gross Proceeds: $352,231,000
• Underwriting Discount: 1.000% ($3,522,310)
• Net Proceeds (before expenses): $348,708,690 (99.000%)
• Joint Book-Running Managers: J.P. Morgan, Morgan Stanley, RBC Capital Markets, and UBS Investment Bank
• Expected Settlement Date: November 2, 2026 via DTC

Market & Capital Structure Impact

This issuance represents ultra-long-duration floating rate debt tailored to institutional demand (often associated with company benefit plan/ESOP-related funding structures). Given P&G's high investment-grade credit rating and immense cash generation, the $352.2M issuance carries standard operational significance and negligible credit or dilution risk to common equity holders.