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Jackson Financial Inc. 8.00% Fixed-Rate Reset Noncumulative Perpetual Preferred Stock, Series A

Coupon is fixed at 8% until 3/30/2028 after which it will reset at the 5 year treasury plus a fixed spread of 3.728%. The coupon will reset every 5 years.

Ticker: JXN-A

Parent Ticker: JXN

OTC Grey Market Temporary Ticker: NA

Issuance Date: 03/06/2023

1st Call Date: 03/30/2028

Maturity Date: None

Shares Issued: 22,000,000

Overallotment Shares: 2,000,000

Coupon: 8.00%

Face Value: $25.00

Cumulative: No

Qualified: Yes

Quarterly Dividend Amount: 0.50

Payment Months: MAR, JUN, SEP, DEC

Payment Day: 30

S&P Rating: BB+

III Rating (In Regards to Dividend Safety Only): C

Moody Rating: Ba1

Fitch Rating: BB+

Egan-Jones Rating: NR

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