Pricing Supplement Number 165 Dated February 12, 2007

CALCULATION OF REGISTRATION FEE

 

Title of Each Class of

Securities Offered

    Maximum
Aggregate Offering 
Price(1)		    Amount of
Registration Fee(2) 

5.500% Internotes® Due February 15, 2014

    $ 2,294,000    $ 245.46

5.700% Internotes® Due February 15, 2019

    $ 1,383,000    $ 147.98

6.000% Internotes® Due February 15, 2032

    $ 930,000    $ 99.51

TOTAL

             $ 492.95
(1) Excludes accrued interest, if any.
(2) A filing fee of $492.95 calculated in accordance with Rule 457(r), has been transmitted to the SEC in connection with the securities offered by means of this pricing supplement.

Prudential Financial InterNotes®, 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 333-132469-02

Pricing Supplement Number 165 Dated February 12, 2007

(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

 

   

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 

 

74432AB33

    $2,294,000.00    100.000%   1.200%   $2,266,472.00    FIXED    5.500%   SEMI-
ANNUAL		    2/15/2014    8/15/2007    $27.50    YES    Senior
Unsecured
Notes		    A3    A

Redemption Information: Callable at 100.000% on 02/15/2008 and every interest payment 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 Services, Merrill Lynch & Co., Morgan Stanley, Ramirez & Co., Inc., Raymond James & Associates, Inc., RBC Dain Rauscher Inc., Muriel Siebert & Co., Inc., UBS Securities LLC, 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 02/15/2008 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.

 

CUSIP

Number

 

   

Aggregate

Principal
Amount

 

   

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 

 

74432AB41

    $1,383,000.00    100.000%   1.700%   $1,359,489.00    FIXED    5.700%   SEMI-
ANNUAL		    2/15/2019    8/15/2007    $28.50    YES    Senior
Unsecured
Notes		    A3    A

Redemption Information: Callable at 100.000% on 02/15/2010 and every interest payment 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 Services, Merrill Lynch & Co., Morgan Stanley, Ramirez & Co., Inc., Raymond James & Associates, Inc., RBC Dain Rauscher Inc., Muriel Siebert & Co., Inc., UBS Securities LLC, 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 02/15/2010 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.

 

CUSIP

Number

 

   

Aggregate

Principal
Amount

 

   

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 

 

74432AB58

    $930,000.00    100.000%   2.000%   $911,400.00    FIXED    6.000%   SEMI-
ANNUAL		    2/15/2032    8/15/2007    $30.00    YES    Senior
Unsecured
Notes		    A3    A

Redemption Information: Callable at 100.000% on 02/15/2012 and every interest payment 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 Services, Merrill Lynch & Co., Morgan Stanley, Ramirez & Co., Inc., Raymond James & Associates, Inc., RBC Dain Rauscher Inc., Muriel Siebert & Co., Inc., UBS Securities LLC, 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 02/15/2012 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.   

Offering Dates: February 05, 2007 through February 12, 2007

 

Trade Date: Monday, February 12, 2007 @12:00 PM ET

 

Settlement Date: Thursday, February 15, 2007

 

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

 

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

 

DTC number: 0235 via RBC Dain Rauscher Inc.

 

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 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 a registered trademark of Incapital Holdings LLC. All rights reserved

   

Prudential Financial, Inc.

$2,500,000,000.00 Prudential Financial
Retail Medium-Term Notes, including
Prudential Financial InterNotes® Prospectus
dated March 16, 2006 and the Prospectus
Supplement dated March 16, 2006