SVB Financial Group ("SVB") (NASDAQ: SIVB) today announced the pricing of an underwritten offering of 1,000,000 depositary shares, each representing a 1/100th interest in a share of its Series D Non-Cumulative Perpetual Preferred Stock ("Series D Preferred Stock"), liquidation amount $100,000 per share (equivalent to $1,000 per depositary share) at an aggregate offering price of $1 billion and an underwritten offering of 600,000 depositary shares, each representing a 1/100th interest in a share of its Series E Non-Cumulative Perpetual Preferred Stock ("Series E Preferred Stock"), liquidation amount $100,000 per share (equivalent to $1,000 per depositary share) at an aggregate offering price of $600 million. Dividends will accrue on the Series D Preferred Stock at a rate per annum equal to (i) 4.250% from the original issue date of the Series D Preferred Stock to, but excluding, November 15, 2026, and (ii) the five-year treasury rate as of the most recent reset dividend determination date plus 3.074% for each reset period from, and including, November 15, 2026. Dividends will accrue on the Series E Preferred Stock at a rate per annum equal to (i) 4.700% from the original issue date of the Series E Preferred Stock to, but excluding, November 15, 2031, and (ii) the ten-year treasury rate as of the most recent reset dividend determination date plus 3.064% for each reset period from, and including, November 15, 2031. Dividends will be payable quarterly in arrears, only when, as and if declared by SVB's board of directors (or a duly authorized committee of the board).