Free Writing Prospectus (Form FWP)

Filed Pursuant to Rule 433

Registration Nos. 333-278184

and 333-278184-02

(i) from and including the date of original issuance to but excluding May 15, 2031 (the "Series V Junior Subordinated Debenture First Interest Reset Date") at an annual rate of 3.996%, (ii) from and including the Series V Junior Subordinated Debenture First Interest Reset Date to but excluding May 15, 2036 (the "Series V Junior Subordinated

Debenture First Step-Up Date") at an annual rate equal to the Five-Year Swap Rate plus 1.587% (the "Initial Series V Junior Subordinated Debenture Margin"), (iii) during each Series V Junior Subordinated Debenture Interest Reset Period (as defined below) from and including the Series V Junior Subordinated Debenture First Step-Up Date to but excluding May 15, 2051 (the "Series V Junior Subordinated Debenture Second Step-Up Date"), at an annual rate equal to the applicable Five-Year Swap Rate plus the Initial Series V Junior Subordinated Debenture Margin plus 0.25%, and (iv) from and including the Series V Junior Subordinated Debenture Second Step-Up Date at an annual rate equal to the Five-Year Swap Rate plus the Initial Series V Junior Subordinated Debenture Margin plus 1.00%. The interest rate on the Series V Junior Subordinated Debentures will reset on the Series V Junior Subordinated Debenture First Interest Reset Date and on each fifth anniversary thereof (each, a "Series V Junior Subordinated Debenture Interest Reset Date"). The period from (and including) a Series V Junior Subordinated Debenture Interest Reset Date to (but excluding) the next Series V Junior Subordinated Debenture Interest Reset Date (or May 15, 2056 with respect to the Series V Junior Subordinated Debenture Interest Reset Date occurring on the Series V Junior Subordinated Debenture Second Step-Up Date) is referred to as a "Series V Junior Subordinated Debenture Interest Reset Period."

(i) from and including the date of original issuance to but excluding May 15, 2034 (the "Series W Junior Subordinated Debenture First Interest Reset Date") at an annual rate of 4.496%, (ii) from and including the Series W Junior Subordinated Debenture First Interest Reset Date to but excluding May 15, 2039 (the "Series W Junior Subordinated Debenture First Step-Up Date") at an annual rate equal to the Five-Year Swap Rate plus 1.900% (the "Initial Series W Junior Subordinated Debenture Margin"), (iii) during each Series W Junior Subordinated Debenture Interest Reset Period (as defined below) from and including the Series W Junior Subordinated Debenture First Step-Up Date to but excluding May 15, 2054 (the "Series W Junior Subordinated Debenture Second Step-Up Date"), at an annual rate equal to the applicable Five-Year Swap Rate plus the Initial Series W Junior Subordinated Debenture Margin plus 0.25%, and (iv) from and including the Series W Junior Subordinated Debenture Second Step-Up Date at an annual rate equal to the Five-Year Swap Rate plus the Initial Series W Junior

Subordinated Debenture Margin plus 1.00%. The interest rate on the Series V Junior Subordinated Debentures will reset on the Series W Junior Subordinated Debenture First Interest Reset Date and on each fifth anniversary thereof (each, a "Series W Junior Subordinated Debenture Interest Reset Date"). The period from (and including) a Series W Junior Subordinated Debenture Interest Reset Date to (but excluding) the next Series W Junior Subordinated Debenture Interest Reset Date (or May 15, 2056 with respect to the Series W Junior Subordinated Debenture Interest Reset Date occurring on the Series W Junior Subordinated Debenture Second Step-Up Date) is referred to as a "Series W Junior Subordinated Debenture Interest Reset Period."

100.000% of the principal amount thereof

99.996% of the principal amount thereof

Interpolated 5.5-year Mid-Swap 2.413% (5-year Mid-Swap 2.379% / 6-year Mid-Swap 2.445%)

Interpolated 8.5-year Mid-Swap 2.600% (8-year Mid-Swap 2.570% / 9-year Mid-Swap 2.627%)

Re-Offer Spread to Mid-Swap Rate / Initial Margin:

Series V Junior Subordinated Debentures: 158.7 basis points

Series W Junior Subordinated Debentures: 190.0 basis points

Benchmark Government Security:

Benchmark Government Security Yield:

Spread to Benchmark Government Security Yield:

Reoffer Yield:

Optional Redemption:

Call for Tax Deductibility Event:

Call for Rating Agency Event:

Call for Tax Withholding Event:

Call for Substantial Repurchase Event:

Call for Tax Credit Event:

Law:

Trade Date:

Settlement Date:*

Clearance and Settlement:

Day Count Convention:

CUSIP and ISIN Number and Common Code:

CUSIP: 65339K DU1

ISIN: XS3176173568

Common Code: 317617356

Series W Junior Subordinated Debentures:

CUSIP: 65339K DV9

ISIN: XS3176273780

Common Code: 317627378

Issuer Legal Entity Identifier:

Use of Proceeds:

Expected Credit Ratings for Junior Subordinated Debentures:**

Moody's Investors Service Inc.

S&P Global Ratings

Fitch Ratings, Inc.

Moody's Investors Service Inc.

S&P Global Ratings

Fitch Ratings, Inc.

It is expected that delivery of the Junior Subordinated Debentures will be made against payment therefor on or about November 12, 2025. Under Rule 15c6-1 of the Securities Exchange Act of 1934, trades in the secondary market generally are required to settle in one business day, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Junior Subordinated Debentures prior to the first business day before delivery of the Junior Subordinated Debentures should specify an extended settlement cycle at the time they enter into any such trade to prevent failed settlement and should consult their own advisors.

A security rating is not a recommendation to buy, sell or hold securities and should be evaluated independently of any other rating. The rating is subject to revision or withdrawal at any time by the assigning rating organization.