Prcicing Supplement No. 136 dated June 13, 2006

CALCULATION OF REGISTRATION FEE

 

 

Title of Each Class of Securities Offered     

Maximum

Aggregate Offering
Price(1)

     

Amount of

Registration Fee(2)

 

6.880% Retail Medium-Term Notes Due July 15, 2031

      $ 25,000,000      $ 2,675

 

(1)    Excludes accrued interest, if any.
(2)    Pursuant to Rule 457(p) under the Securities Act of 1933, as amended, registration fees were paid with respect to unsold securities that were previously registered pursuant to Registration Statement Nos. 333-123240, 333-123240-01 and 333-123240-02 and were carried forward. Prudential Financial is offsetting the $2,675 registration fee with respect to the $25,000,000 Prudential Financial 6.880% Retail Medium-Term Notes Due July 15, 2031 offered by means of this pricing supplement against those registration fees carried forward, and $87,851.49 remains available for future registration fees. No additional registration fee has been paid with respect to this offering.

 

Prudential Financial Retail Medium-Term Notes, Due One Year or More from Date of Issue

Filed under Rule 424(b)(3), Registration Statement(s) No. 333-132469, 333-132469-01 and 333132469-02

Pricing Supplement No. 136 - dated June 13, 2006

(to Prospectus dated March 16, 2006 and Prospectus Supplement dated March 16, 2006)

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

 

CUSIP

Number

  

Aggregate

Principal

Amount

  

Price to
Public

  

Gross

Concession

  

Net Proceeds

to Issuer

  

Coupon

Type

  

Interest

Rate

   

Maturity
Date

   

Interest

Payment

Frequency

   

Interest

Payment
Dates

74432RAF0

   $25,000,000  

99.550%

$24,887,500

   0.510% $127,500   99.040% $24,760,000.00   Fixed   6.880%    July 15, 2031   

Semi-

annually

    15th of January and July

1st

Interest

Payment Date

  

Day

Count

Basis

  

Issue

Date

  

Redemption
Information

  

Redemption
Terms

  

Survivor’s

Option

  

Product
Ranking/
Collateral
Type

   

Moody’s
Rating

   

S&P Rating

     
January 15, 2007   30/360 unadjusted   July 3, 2006   Callable   Callable in whole or in part on July 15, 2009 and semi-annually thereafter   No   Senior Unsecured Notes    A3    A   
Lead Agent: Banc of America Securities LLC Purchasing Agent: Deutsche Bank Securities Inc. Agents: A.G. Edwards & Sons, Inc., Bear, Stearns & Co., Inc., Charles Schwab & Co. Inc., Citigroup, Edward D. Jones & Co., L.P., Fidelity Capital Markets Services, Incapital LLC, Merrill Lynch & Co., Ramirez & Co., Inc., Raymond James & Associates, Inc., RBC Dain Rauscher Inc., Muriel Siebert & Co., Inc., UBS Financial Services Inc.

 

Prudential Financial, Inc.   

Pricing Date: June 23, 2006

Settlement Date: July 3, 2006

Minimum Denomination/Increments: $1,000.00/$1,000.00

Initial trades settle flat and clear SDFS: DTC Book Entry only

DTC Number 573 via Deutsche Bank Securities Inc.

   

Prudential Financial, Inc.

$2,500,000,000 Prudential Financial

Retail Medium-Term Notes

Prospectus dated 16-Mar-06 and

Prospectus Supplement dated 16-Mar-06

   The Prudential Financial, Inc. Retail Medium-Term Notes will be represented by a 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.   
Deutsche Bank Securities