Synchrony Financial 8.25% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B

From and including the date of issuance at a rate of 8.250% per annum, to but excluding, the First Reset Date, and from and including the First Reset Date, during each Reset Period, the Five-Year U.S. Treasury Rate as of the most recent reset dividend determination date (each as defined in the preliminary prospectus supplement dated February 15, 2024) plus 4.044%. 1st reset date is 5/15/2029

Redeemable only on the first reset date and any dividend payment date after that