Prudential PLC — Capital/Financing Update 2010

Oct 18, 2010

FINAL TERMS

PRU DENTIAL PLC

£5,000,000,000

Debt Issuance Programme

Series No: 20

Tranche No: 1

G8P200,000,000 Floating Rate Notes due 18 April 2011

Issued by

PRUDENTIAL PLC

Issue Price: 100%

Barclays Bank PLC

The dete of the Final Terms is 18 October 2010

PART A - CONTRACTUAL TERMS

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Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set for h in the Prospectus dated 9 December 2009, which constitutes a base Prospectus for the pu poses of the Prospectus Directive (Directive 2003/71/EC) (the "Prospectus Directive"). This document constitutes the Final Terms of the Notes described herein for the purposes of Article 5.4 of the Prospectus Directive and must be reading conjunction with such Prospectus. Full information on the Issuer and the offer of the Notes is only available on the basis of the combination of these Final Terms and the Prospectus. The Prospectus is available during norma business hours for viewing at, and copies may be obtained free of charge from, the registered office of the Issuer and issue and Paying Agent for the time being in London. The Prospectus is also available on the London Stock Exchange's website at www.londonstockexchange.com.

1.	(i) Issuer:	Prudential plc
2.	(i) Series Number:	20
	(ii) Tranche Number;	1
З.	Specified Currency or Currencies:	Pound Sterling ("GBP")
4.	Aggregate Nominal Amount of Notes admitted to trading: Tranche: Series:	GBP200,000,000 GBP200,000,000
5.	Issue Price of Tranche:	100 per cent. of the Aggregate Nominal Amount
6.	Specified Denominations: (i)	GBP50,000
	(ii) Calculation Amount:	GBP50,000
7.	Issue Date and Interest Commencement Date:	18 October 2010
8.	Maturity Date:	Interest Payment Date falling in or nearest to April 2011
9.	In erest Basis:	3 month GBP-LIBOR-BBA Floating Rate
	10. Redemption/Payment Basis:	Redemption at par
	11. Change of Interest Basis or Redemption/Payment Basis:	Not Applicable
	12. Put/Call Options:	Investor Put
13.	(i) Status of the Notes:	Senior Notes
	(iii) Date of Board approval for issuance of Notes obtained	24 January 2007
	14. Method of distribution:	Non-syndicated

		15, Fi~ed Rate Note Provisions	Not Applicable
16.		FI ~ating Rate Note Provisions:	Applicable
	(i)	Specified Period(s)/ Specified Interest Payment Dates:	18 January 2011 and 18 April 2011
	(ii I	Business Day Convention:	Modified Following Business Day Convention
		(ii ) Additional Business Centre(s);	Not Applicable
	(il )	Manner in which the Rates of Interest and Interest Amount is/are to be determined:	Screen Rate Determination
	(vi	Party responsible for calculating the Rates of Interest and Interest Amounts (if not the Issue and Paying Agent):	Not Applicable
		(v) Screen Rate Determination:
		Reference Rate: -	3 month GBP UBOR BBA
		-Interest Determination Date(s):	First day of each Interest Period
	-	Relevant Screen Page:	Reuters screen LlBOR01 page
		(v i) ISDA Determination:	Not Applicable
		(v ii) Margin(s):	0.00 per cent. per annum (flat)
		(b) Minimum Rate of Interest:	Not Applicable
	(XI	Maximum Rate of Interest:	Not Applicable
		(X) Day Count Fraction:	Actual/365 (Fixed), adjusted
	(X i)	Fall back provisions, rounding proviSions, denominator and any other terms relating to the method of calculating interest on Floating Rate Notes, if different from those set out in the Conditions:	Not Applicable
		17. ZE,ro Coupon Notes Provisions	Not Applicable
18.		Injex Linked Interest Note Provisions/other variable-linked inlerest Note Provisions	Not Applicable
		19. Dilal Currency Note Provisions	Not Applicable

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	20. Step-Up Rate of interest	Not Applicable
	21. Deferral of Payments:	Not Applicable
	22. Interest Deferral Option	Not Applicable
	PROV SIONS RELATING TO REDEMPTION
	23. Issuer Call:	Not Applicable
	24. Investor Put:	Applicable
	(i) Optional Redemption Date(s);	Any Business Day from and including the Issue Date to and including the Maturity Date
	(ii) Optional Redemption Amount(s) and method, if any, of calculation of such amount(s):	GBP50,000 per Calculation Amount
	(ii) Notice period (if other than as set Not less than 5 Business Days out in the Conditions):
	25. Final Redemption Amount:	GBP50,000 per Calculation Amount
	26. Early Redemption Amount(s) payable on redemption for taxation reasons (where applicable) or on event of default and/or the method of calculating the same (if required or if diferent from that set out in the Conditions):	As set out in the Base Prospectus
	27. Make Whole Redemption Price: (Tier 2 and Tier 1 Notes only)	Not Applicable
	GENERAL PROVISIONS APPLICABLE TO THE NOTES
	28. Form of Notes:
	Form: $\left( i\right)$	Global Temporary Note exchangeable for а Permanent Global Note which is exchangeable for Definitive Notes only upon an Exchange Event
	(ii) New Global Note:	No
	29. Additional Financial Centre(s) or other special provisions relating to Payment Days:	Not Applicable
30. .	Taions for future Coupons or Receipts to be attached to Definitive Notes (and dates on which such Talons mature):	No
31.	Details relating to Partly Paid Notes: arnount of each payment comprising the Issue Price and date on which es ch payment is to be made and if different from those specified in the Temporary Global Notes the ccnsequences (if any) of failure to	Not Applicable

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or late payment:

1. Details relating to Instalment Notes:

Instalment Amount(s):	Not Applicable
Instalment Date(s):	Not Applicable
33. Redenomination applicable:	Redenomination not applicable
34. Other terms or special conditions:	Not Applicable

DISTRIBUTION

	35. (i) If syndicated, names of Managers:	Not Applicable
	(ii) Date of [Subscription] Agreement:	Not Applicable
	(ii) Stabilising Manager (if any):	Not Applicable
36.	If non-syndicated, name of relevant Dealer:	Barclays Bank PLC
	37. Additional selling restrictions:	Not Applicable

PURPOSE OF FINAL TERMS

These Final Terms comprise the final terms required for issue and admission to trading on the Regulated Market of the London Stock Exchange and admission to the Official List of the UK Listing Authority of the Notes described herein pursuant to the £5,000,000,000 Medium Term Note Frogramme of Prudential plc.

RESPONSIBILITY

The Issuer accepts responsibility for the information contained in these Final Terms.

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Signed on behalf of the Issuer:
By:
Duly Authorised

PART B - OTHER INFORMATION

1. LiilTING

(i)	Listing:	London
(ii)	Admission to trading:	Application has been made for the Notes to be admitted to the Official List of the UK Listing Authority and to be admitted to trading on the Regulated Market of the London Stock Exchange with effect from on or about the 18 October 2010.
(iii)	Estimate of total expenses relating to admission to trading:	£800

2. RJ,TINGS

Ratings:	The Notes to be issued have been rated:
	S&P: A2
	Moody's: A+
	Fitch: AA
	A if rating, specified, is not a recommendation to buy, sell Or hold Notes and be subject to suspension, may modification or withdrawal at any time by the assigning rating agency.

3. INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER

Save for any fees payable to the Dealers, so far as the Issuer is aware, no person in\ olved in the offer of the Notes has an Interest material to the offer.

4. RE'ASONS FOR THE OFFER. ESTIMATED NET PROCEEDS AND TOTAL EXPENSES

(i)	Reasons for the offer:	See "Use of Proceeds" wording in the Base Prospectus
(ii)	Estimated net proceeds:	,- Not Applicable
(iii)	Estimated total expenses:	Not Applicable

5. Fi:(ed Rate Notes only - YIELD

I Indication of yield:	I Not Applicable

6. FJ, )atlng Rate Notes only - Applicable

Detall:l of historic GBP-L1BOR-BBA rates can be obtained from Reuters page L1BOR01

1. [Index-Linked or other variable-linked Notes only - PERFORMANCE OF IN JEXlFORMULAlOTHER VARIABLE AND OTHER INFORMATION CONCERNING THE UNDERLYING

Not Applicable,

8. [Dual Currency Notes only - PERFORMANCE OF RATE[S] OF EXCHANGE

Not Applicable

9. [Ti er 1 and Upper Tier 2 Notes only - Alternative Coupon Satisfaction Mechanism

Not Applicable

10. OPERATIONAL INFORMATION

ISIN Code:	XS0550861768
Common Code:	055086176
Any clearing system(s) other than Euroclear Bank S,A.lN'v, and Clearstream Banking Societe Anonyme and the relevant identification number(s):	Not Applicable
Delivery:	Delivery free of payment
Names and addresses of additional Paying Agent(s) (if any): Intended to be held in a manner which	Not Applicable
would allow Eurosystem eligibility:	No

11. GE:NERAL

I Applicable TEFRA exemption:	I D Rules

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144A Eligible:	Not 144A Eligible