Prudential PLC — Capital/Financing Update 2013

Apr 18, 2013

FINAL TERMS

PRUDENTIAL PLC

£5,000,000,000

Medium Term Note Programme

Series No: 26

Tranche No: 1

GBP 200,000,000 Floating Rate Notes due October 2013 (the "Notes")

Issued by

PRUDENTIAL PLC

Issue Price: 100%

Barclays

The date of the Final Terms is 18 April 2013

PART A - CONTRACTUAL TERMS

Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the Prospectus dated 19 December 2012, which constitutes a base Prospectus for the purposes 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 read in conjunction with the 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. A summary of the Notes (which comprises the summary in the Prospectus as amended to reflect the provisions of these Final Terms) is annexed to these Final Terms. The Prospectus has been published on the website of the Regulatory News Service operated by the London Stock Exchange at http://www.londonstockexchange.com/exchange/news/market-news/market-news-home.html and copies may be obtained during normal business hours, free of charge, from the registered office of the Issuer and the specified office of the Issue and Paying Agent for the time being in London.

	26 Series Number: (i) 1.
		(ii)	Tranche Number:	1
	2.		Specified Currency:	Pound Sterling ("GBP")
3.		Aggregate Nominal Amount of Notes admitted to trading:
			Tranche:	GBP 200,000,000
			Series:	GBP 200,000,000
	4.	Issue Price of Tranche:		100 per cent. of the Aggregate Nominal Amount
	5.	(i)	Specified Denominations:	GBP 100,000
		(ii)	Calculation Amount:	GBP 100,000
	6.	Issue Date and Interest Commencement Date:		18 April 2013
	7.		Maturity Date:	Interest Payment Date falling in or nearest to October 2013
	8.	Interest Basis:		3 month GBP-LIBOR-BBA Floating Rate
				(further particulars specified below)
	9.	Redemption/Payment Basis:		Redemption at par
		10. Change of Interest Basis or Redemption/Payment Basis: 11. Put/Call Options:		Not Applicable
				Investor Put
	12. (i)		Status of the Notes:	Senior Notes
		(iii)	Date of Board approval for issuance of Notes obtained	24th January 2007
			PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

		13. Fixed Rate Note Provisions:	Not Applicable
--	--	---------------------------------	----------------

		14. Reset Note Provisions:	Not Applicable
15.		Floating Rate Note Provisions:	Applicable
	(i)	Specified Period(s)/Specified Interest Payment Dates:	18 July 2013 and 18 October 2013
	(ii)	Business Day Convention:	Modified Following Business Day Convention
	(iii)	Additional Business Centre(s): Not Applicable
	(iv)	Manner in which the Rates of Interest and Interest Amount is/are to be determined:	Screen Rate Determination
	(v)	Party responsible for calculating the Rates of Interest and Interest Amounts (if not the Issue and Paying Agent):	Not Applicable
	(vi)	Screen Rate Determination:
		Reference Rate, Relevant Time and Relevant Financial Centre:	Reference Rate: 3 month GBP-LIBOR-BBA
			Relevant Time: Not Applicable
			Relevant Financial Centre: Not Applicable
		Interest Determination $Date(s)$ :	First day of each Interest Period
		Relevant Screen Page:	Reuters page LIBOR01
	(vii)	ISDA Determination:	Not Applicable
	(viii)	Margin(s):	Not Applicable
	(ix)	Minimum Rate of Interest:	Not Applicable
	(x)	Maximum Rate of Interest:	Not Applicable
	(xi)	Day Count Fraction:	Actual/365 (Fixed), adjusted
	(xii)	Deferral of Interest:	Not Applicable
	(xiii)	ACSM:	Not Applicable
	(xiv)	Dividend and Capital Restriction:	Not Applicable
16.		Zero Coupon Notes Provisions	Not Applicable
17.	Step-Up Rate of Interest		Not Applicable
		PROVISIONS RELATING TO REDEMPTION
		18. Issuer Call:	Not Applicable
		19. Investor Put:	Applicable

á,

	(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):	GBP 100,000 per Calculation Amount
	20. Final Redemption Amount:		GBP 100,000 per Calculation Amount
21.	Early Redemption Amount(s) payable on redemption for taxation reasons (where applicable) or on event of default:		GBP 100,000 per Calculation Amount
		22. Make Whole Redemption Price:	Not Applicable
GENERAL PROVISIONS APPLICABLE TO THE NOTES

1. Form of Notes:

Temporary Global Note exchangeable for a
Permanent Global Note which is exchangeable for
Definitive Notes only upon an Exchange Event Form: $(i)$

• Yes $(ii)$ New Global Note:
• Not Applicable 24. Additional Financial Centre(s):
• No 25. Talons for future Coupons or Receipts to be attached to Definitive Notes:

Signed on behalf of the Issuer:

By: $\overline{\mathcal{L}}$ Duly Authorised

PART B - OTHER INFORMATION

1. LISTING AND ADMISSION TO TRADING

Application has been made by the Issuer (or on its behalf) for the Notes to be listed on the Official List of the UK Listing Authority and admitted to trading on the London Stock Exchange's Regulated Market with effect from on or about the Issue Date.

2. RATINGS

The Notes to be issued have been rated:

$S\&P$ :	A+
Moody's:	A2
Fitch:	A

S&P, Moody's and Fitch are established in the European Union and are registered under Requlation (EC) No. 1060/2009 (as amended).

A rating is not a recommendation to buy, sell or hold Notes and may be subject to suspension, 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 involved in the issue of the Notes has an interest material to the offer. The Dealers and their affiliates have engaged, and may in the future engage, in investment banking and/or commercial banking transactions with, and may perform other services for, the Issuer and its affiliates in the ordinary course of business.

4. REASONS 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

Estimated total expenses: Not Applicable $(iii)$

5. Fixed Rate Notes only - YIELD

Not Applicable Indication of yield:

1. Floating Rate Notes only - Applicable

Details of historic GBP-LIBOR-BBA rates can be obtained from Reuters Page LIBOR01.

1. Index-Linked or other variable-linked Notes only - PERFORMANCE OF INDEX/FORMULA/OTHER VARIABLE AND OTHER INFORMATION CONCERNING THE UNDERLYING

Not Applicable.

8. Dual Currency Notes only - PERFORMANCE OF RATE OF EXCHANGE

Not Applicable

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

Not Applicable

10. OPERATIONAL INFORMATION

	ISIN Code:	XS0914420194
	Common Code:	091442019
	Any clearing system(s) other than Euroclear Bank S.A./N.V. and Clearstream Banking Societe Anonyme (together with the address of each such clearing system) and the relevant identification number(s):	Not Applicable
	Delivery:	Delivery free of payment
	Names and addresses of additional Paying Agent(s) (if any):	Not Applicable
11. GENERAL
	Applicable TEFRA exemption:	D Rules
	144A Eligible	Not 144A Eligible

ANNEX TO THE FINAL TERMS - SUMMARY OF THE ISSUE