Pricing Supplement Number 103 Dated 11/21/2005

Prudential Financial InterNotes®, Due One Year or More from Date of Issue

Filed under Rule 424(b)(3), Registration Statement(s) No. 333-123240, 333-123240-01 and 333-123240-02

Pricing Supplement Number 103 Dated 11/21/2005

(to Prospectus dated March 21, 2005 and Prospectus Supplement dated April 29, 2005)

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

 

CUSIP

Number

  Aggregate
Principal
  Selling
Price
  Gross
  Concession  
  Net Proceeds   Coupon
Type
  Coupon
Rate
  Coupon
Frequency
  Maturity
Date
  1st
Coupon
Date
  1st
Amount
   Survivor’s 
Option
  Product Ranking    Moody’s 
Rating
   S & P 
Rating

74432ALR9

 

$3,096,000.00  

 

100.000%  

 

0.400%  

 

 $3,083,616.00 

 

FIXED  

 

4.700%  

 

SEMI-ANNUAL  

 

11/15/2007  

 

5/15/2006  

 

$22.19  

      YES      

Senior Unsecured Notes  

  A3   A-
Redemption Information: Non-Callable.

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, Merrill Lynch & Co., Morgan Stanley, Ramirez & Co., Inc., Raymond James & Associates, Inc., RBC Dain Rauscher Inc., Muriel Siebert & Co., Inc., UBS Financial Services Inc., Wachovia Securities, LLC

 

CUSIP

Number

  Aggregate
Principal
  Selling
Price
  Gross
Concession
  Net Proceeds   Coupon
Type
  Coupon
Rate
  Coupon
Frequency
  Maturity
Date
  1st
Coupon
Date
  1st
Amount
  Survivor’s
Option
  Product Ranking   Moody’s
Rating
  S & P
Rating

74432ALS7

 

$7,113,000.00  

  100.000%   1.000%   $7,041,870.00   FIXED   5.300%  

SEMI-ANNUAL  

  11/15/2010   5/15/2006   $25.03   YES   Senior Unsecured Notes   A3   A-
Redemption Information: Callable at 100.000% on 11/15/2006 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, Merrill Lynch & Co., Morgan Stanley, Ramirez & Co., Inc., Raymond James & Associates, Inc., RBC Dain Rauscher Inc., Muriel Siebert & Co., Inc., UBS Financial Services Inc., 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 11/15/2006 and on every interest payment date thereafter 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

74432ALT5

 

$6,991,000.00  

 

100.000%  

 

2.500%  

 

  $6,816,225.00    

 

FIXED  

 

6.000%  

 

 SEMI-ANNUAL   

 

11/15/2030  

 

5/15/2006  

 

$28.33  

  YES   Senior Unsecured Notes   A3   A-

Redemption Information: Callable at 100.000% on 11/15/2010 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, Merrill Lynch & Co., Morgan Stanley, Ramirez & Co., Inc., Raymond James & Associates, Inc., RBC Dain Rauscher Inc., Muriel Siebert & Co., Inc., UBS Financial Services Inc., 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 11/15/2010 and on every interest payment date thereafter 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.  

 

Trade Date: Monday, November 21, 2005 @12:00 PM ET

Settlement Date: Friday, November 25, 2005

 

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.

 

$2,000,000,000.00 Prudential Financial Retail

Medium-Term Notes, including Prudential

Financial InterNotes®

Prospectus dated March 21, 2005 and the

Prospectus Supplement dated April 29, 2005