Pricing Supplement Number 22 Dated 08/30/2004

Filed Under Rule 424(b)(3), Registration Statement No. 333-104444, 333-104444-01 and 333-104444-02

Pricing Supplement Number 22 Dated 08/30/2004

(To: Prospectus Dated April 25, 2003 and Prospectus Supplement Dated March 25, 2004)

Investors should read this pricing supplement in conjunction with the Prospectus and Prospectus Supplement.

 

 

CUSIP

Number

   Selling
Price
 
 
  Gross
Concession
 
 
   
 
Net
Proceeds
   Coupon
Type
   Coupon
Rate
 
 
  Coupon
Frequency
   Maturity
Date
   1st
Coupon
Date
   
 
 
1st
Coupon
Amount
  Survivor’s
Option
   Product
Ranking
   Moody’s
Rating
   S & P
Rating

74432ACV0

   100.00 %   0.625 %   $ 785,062.50    FIXED    3.500 %   SEMI-
ANNUAL
   6/15/2008    3/15/2005   $ 18.76   YES    Senior
Unsecured
Notes
   A3    A-

 

Redemption Information: Non-Callable.

 

Joint Lead Managers and Lead Agents: Banc of America Securities LLC, INCAPITAL, LLC Agents: A.G. Edwards & Sons, Inc., Bear, Stearns & Co., Inc., Charles Schwab & Co. Inc., Citigroup, Edward D. Jones & Co., L.P., Fidelity Capital Markets, Merrill Lynch & Co., Morgan Stanley, Ramirez & Co., Inc., Raymond James & Associates, Inc., RBC Dain Rauscher Inc., Muriel Siebert & Co., Inc., UBS Financial Services Inc., Wachovia Securities, LLC

 

 

CUSIP

Number

   Selling
Price
 
 
  Gross
Concession
 
 
    Net Proceeds    Coupon
Type
   Coupon
Rate
 
 
  Coupon
Frequency
   Maturity
Date
   1st
Coupon
Date
   
 
 
1st
Coupon
Amount
  Survivor’s
Option
   Product
Ranking
   Moody’s
Rating
   S & P
Rating

74432ACW8

   100.00 %   1.200 %   $ 1,667,744.00    FIXED    4.500 %   SEMI-
ANNUAL
   9/15/2011    3/15/2005   $ 24.13   YES    Senior
Unsecured
Notes
   A3    A-

 

Redemption Information: Non-Callable.

 

Joint Lead Managers and Lead Agents: Banc of America Securities LLC, INCAPITAL, LLC Agents: A.G. Edwards & Sons, Inc., Bear, Stearns & Co., Inc., Charles Schwab & Co. Inc., Citigroup, Edward D. Jones & Co., L.P., Fidelity Capital Markets, Merrill Lynch & Co., Morgan Stanley, Ramirez & Co., Inc., Raymond James & Associates, Inc., RBC Dain Rauscher Inc., Muriel Siebert & Co., Inc., UBS Financial Services Inc., Wachovia Securities, LLC

 

 

CUSIP

Number

   Selling
Price
 
 
  Gross
Concession
 
 
    Net Proceeds    Coupon
Type
   Coupon
Rate
 
 
  Coupon
Frequency
   Maturity
Date
   1st
Coupon
Date
   
 
 
1st
Coupon
Amount
  Survivor’s
Option
   Product
Ranking
   Moody’s
Rating
   S & P
Rating

74432ACX6

   100.00 %   1.750 %   $ 6,211,365.00    FIXED    5.500 %   SEMI-
ANNUAL
   9/15/2017    3/15/2005   $ 29.49   YES    Senior
Unsecured
Notes
   A3    A-

 

Redemption Information: Callable at 100.000% on 09/15/2008 and every coupon date thereafter.

 

Joint Lead Managers and Lead Agents: Banc of America Securities LLC, INCAPITAL, LLC Agents: A.G. Edwards & Sons, Inc., Bear, Stearns & Co., Inc., Charles Schwab & Co. Inc., Citigroup, Edward D. Jones & Co., L.P., Fidelity Capital Markets, Merrill Lynch & Co., Morgan Stanley, Ramirez & Co., Inc., Raymond James & Associates, Inc., RBC Dain Rauscher Inc., Muriel Siebert & Co., Inc., UBS Financial Services Inc., Wachovia Securities, LLC The Prudential Financial, Inc. InterNotes will be subject to redemption at the option of Prudential Financial, Inc., in whole on the Interest Payment Date occurring any time on or after 09/15/2008 at a redemption price equal to 100% of the principal amount of the Prudential Financial, Inc. InterNotes, plus accrued interest thereon, if any, upon at least 30 days’ prior notice to the Noteholder and the Trustee, as described in the Prospectus.

 

Prudential Financial, Inc.    Trade Date: Monday, August 30, 2004 @12:00 PM ET    Prudential Financial, Inc.  
751 Broad Street    Settle Date: Thursday, September 02, 2004    $1,000,000,000.00 Prudential Financial, Inc. InterNotes ®
Newark NJ 07102    Minimum Denomination/Increments: $1,000.00/$1,000.00    Prospectus Dated 25-Apr-03 and Prospectus Supplement
Dated: 25-Mar-04
 
 
     Initial trades settle flat and clear SDFS: DTC Book Entry only       
     DTC number: 0443 via Pershing, LLC       
     If the maturity date or an interest payment date for any
note is not a Business Day (as defined in the Prospectus),
principal, premium, if any, and interest for that note is
paid on the next Business Day, and no interest will accrue
from, and after, the maturity date or interest payment date.
      
     The Prudential Financial, Inc. InterNotes will be
represented by a single master global note in fully
registered form, without coupons. The master global note
will be deposited with, or on behalf of, DTC and
registered in the name of a nominee of DTC, as
depository, or another depository as may be named in a
subsequent pricing supplement.
      
     InterNotes® is the trademark of INCAPITAL, LLC. All
rights reserved