Pricing Supplement Number 71 dated 05/09/2005

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. 333-104444, 333-104444-01, 333-104444-02, 333-123240,

333-123240-01 and 333-123240-02

Pricing Supplement No. 71 – dated May 9, 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
Amount


   Selling
Price


  Gross
Concession


   Net Proceeds to
Issuer


   Coupon
Type


  Maturity
Date


   Interest
Rate


74432RAA1

   $25,000,000.00    100.000%   $375,000.00    $24,625,000.00    Amortizing*   05/12/2015    4.346%

 

Interest Payment

Frequency


   1st Interest
Payment
Date


  

1st Interest
Payment

Amount


   Survivor’s
Option


   Product Ranking/
Collateral Type


   Moody’s
Rating


   S&P
Rating


See Amortization Schedule

   06/13/2005    $90,551.79    YES    Senior
Unsecured Notes
   A3    A-

 

Redemption Information: Non-Callable

Lead Agent: Banc of America Securities LLC Purchasing Agent: Wachovia Capital Markets, 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, Incapital LLC, Merrill Lynch & Co., Morgan Stanley, Ramirez & Co., Inc., Raymond James & Associates, Inc., RBC Dain Rauscher Inc., Muriel Siebert & Co., Inc., UBS Financial Services Inc.

Prudential Financial, Inc.

751 Broad Street

Newark NJ 07102

  

Trade Date: May 9, 2005

Settlement Date: May 12, 2005

Minimum Denomination/Increments:

$1,000.00/$ 1,000.00

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

DTC Number 250 via Pershing, LLC

 

If the maturity date or any interest payment date falls on a day that is not a business day (as defined in the prospectus), principal, premium, if any, and interest will be paid on the next succeeding business day, except that if that business day falls in the next succeeding calendar month, the payment will be the immediately preceding business day.

 

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.


*       Prudential Financial, Inc. will pay distributions to holders of the notes of principal and interest in equal, pro rata amounts as described in the attached Amortization Schedule.

**     For a list of all selling group members, holders of the notes may contact the Purchasing Agent at jeffrey.gass@wachovia.com.

   Prudential Financial, Inc. $2,000,000,000 Prudential Financial Retail Medium-Term Notes Prospectus dated 21-Mar-05 and Prospectus Supplement dated 29-Apr-05


Notional

  Effective
Rate


    Period Start

  Period End

  Payment
Date


  Days

  Interest

  Principal

  Principal &
Interest


$ 25,000,000.00   4.35 %   5/12/2005   6/12/2005   6/13/2005   30   $ 90,551.79   $ 166,698.21   $ 257,250.00
$ 24,833,301.79   4.35 %   6/12/2005   7/12/2005   7/12/2005   30   $ 89,948.00   $ 167,302.00   $ 257,250.00
$ 24,665,999.79   4.35 %   7/12/2005   8/12/2005   8/12/2005   30   $ 89,342.02   $ 167,907.98   $ 257,250.00
$ 24,498,091.81   4.35 %   8/12/2005   9/12/2005   9/12/2005   30   $ 88,733.84   $ 168,516.16   $ 257,250.00
$ 24,329,575.65   4.35 %   9/12/2005   10/12/2005   10/12/2005   30   $ 88,123.47   $ 169,126.53   $ 257,250.00
$ 24,160,449.11   4.35 %   10/12/2005   11/12/2005   11/14/2005   30   $ 87,510.88   $ 169,739.12   $ 257,250.00
$ 23,990,709.99   4.35 %   11/12/2005   12/12/2005   12/12/2005   30   $ 86,896.07   $ 170,353.93   $ 257,250.00
$ 23,820,356.06   4.35 %   12/12/2005   1/12/2006   1/12/2006   30   $ 86,279.04   $ 170,970.96   $ 257,250.00
$ 23,649,385.10   4.35 %   1/12/2006   2/12/2006   2/13/2006   30   $ 85,659.77   $ 171,590.23   $ 257,250.00
$ 23,477,794.86   4.35 %   2/12/2006   3/12/2006   3/13/2006   30   $ 85,038.25   $ 172,211.75   $ 257,250.00
$ 23,305,583.12   4.35 %   3/12/2006   4/12/2006   4/12/2006   28   $ 84,414.49   $ 172,835.51   $ 257,250.00
$ 23,132,747.61   4.35 %   4/12/2006   5/12/2006   5/12/2006   33   $ 83,788.47   $ 173,461.53   $ 257,250.00
$ 22,959,286.08   4.35 %   5/12/2006   6/12/2006   6/12/2006   30   $ 83,160.18   $ 174,089.82   $ 257,250.00
$ 22,785,196.26   4.35 %   6/12/2006   7/12/2006   7/12/2006   30   $ 82,529.61   $ 174,720.39   $ 257,250.00
$ 22,610,475.87   4.35 %   7/12/2006   8/12/2006   8/14/2006   30   $ 81,896.76   $ 175,353.24   $ 257,250.00
$ 22,435,122.63   4.35 %   8/12/2006   9/12/2006   9/12/2006   30   $ 81,261.62   $ 175,988.38   $ 257,250.00
$ 22,259,134.25   4.35 %   9/12/2006   10/12/2006   10/12/2006   30   $ 80,624.18   $ 176,625.82   $ 257,250.00
$ 22,082,508.43   4.35 %   10/12/2006   11/12/2006   11/13/2006   30   $ 79,984.43   $ 177,265.57   $ 257,250.00
$ 21,905,242.86   4.35 %   11/12/2006   12/12/2006   12/12/2006   30   $ 79,342.36   $ 177,907.64   $ 257,250.00
$ 21,727,335.22   4.35 %   12/12/2006   1/12/2007   1/12/2007   30   $ 78,697.96   $ 178,552.04   $ 257,250.00
$ 21,548,783.18   4.35 %   1/12/2007   2/12/2007   2/12/2007   30   $ 78,051.24   $ 179,198.76   $ 257,250.00
$ 21,369,584.42   4.35 %   2/12/2007   3/12/2007   3/12/2007   30   $ 77,402.17   $ 179,847.83   $ 257,250.00
$ 21,189,736.58   4.35 %   3/12/2007   4/12/2007   4/12/2007   28   $ 76,750.74   $ 180,499.26   $ 257,250.00
$ 21,009,237.33   4.35 %   4/12/2007   5/12/2007   5/14/2007   33   $ 76,096.96   $ 181,153.04   $ 257,250.00
$ 20,828,084.29   4.35 %   5/12/2007   6/12/2007   6/12/2007   30   $ 75,440.81   $ 181,809.19   $ 257,250.00
$ 20,646,275.10   4.35 %   6/12/2007   7/12/2007   7/12/2007   30   $ 74,782.29   $ 182,467.71   $ 257,250.00
$ 20,463,807.39   4.35 %   7/12/2007   8/12/2007   8/13/2007   30   $ 74,121.38   $ 183,128.62   $ 257,250.00
$ 20,280,678.76   4.35 %   8/12/2007   9/12/2007   9/12/2007   30   $ 73,458.07   $ 183,791.93   $ 257,250.00
$ 20,096,886.84   4.35 %   9/12/2007   10/12/2007   10/12/2007   30   $ 72,792.36   $ 184,457.64   $ 257,250.00
$ 19,912,429.20   4.35 %   10/12/2007   11/12/2007   11/13/2007   30   $ 72,124.24   $ 185,125.76   $ 257,250.00
$ 19,727,303.44   4.35 %   11/12/2007   12/12/2007   12/12/2007   30   $ 71,453.71   $ 185,796.29   $ 257,250.00
$ 19,541,507.15   4.35 %   12/12/2007   1/12/2008   1/14/2008   30   $ 70,780.74   $ 186,469.26   $ 257,250.00
$ 19,355,037.89   4.35 %   1/12/2008   2/12/2008   2/12/2008   30   $ 70,105.33   $ 187,144.67   $ 257,250.00
$ 19,167,893.22   4.35 %   2/12/2008   3/12/2008   3/12/2008   30   $ 69,427.48   $ 187,822.52   $ 257,250.00
$ 18,980,070.70   4.35 %   3/12/2008   4/12/2008   4/14/2008   29   $ 68,747.18   $ 188,502.82   $ 257,250.00
$ 18,791,567.88   4.35 %   4/12/2008   5/12/2008   5/12/2008   32   $ 68,064.40   $ 189,185.60   $ 257,250.00
$ 18,602,382.28   4.35 %   5/12/2008   6/12/2008   6/12/2008   30   $ 67,379.16   $ 189,870.84   $ 257,250.00
$ 18,412,511.44   4.35 %   6/12/2008   7/12/2008   7/14/2008   30   $ 66,691.44   $ 190,558.56   $ 257,250.00
$ 18,221,952.88   4.35 %   7/12/2008   8/12/2008   8/12/2008   30   $ 66,001.22   $ 191,248.78   $ 257,250.00
$ 18,030,704.10   4.35 %   8/12/2008   9/12/2008   9/12/2008   30   $ 65,308.50   $ 191,941.50   $ 257,250.00
$ 17,838,762.60   4.35 %   9/12/2008   10/12/2008   10/14/2008   30   $ 64,613.28   $ 192,636.72   $ 257,250.00
$ 17,646,125.88   4.35 %   10/12/2008   11/12/2008   11/12/2008   30   $ 63,915.53   $ 193,334.47   $ 257,250.00
$ 17,452,791.41   4.35 %   11/12/2008   12/12/2008   12/12/2008   30   $ 63,215.26   $ 194,034.74   $ 257,250.00
$ 17,258,756.67   4.35 %   12/12/2008   1/12/2009   1/12/2009   30   $ 62,512.45   $ 194,737.55   $ 257,250.00
$ 17,064,019.12   4.35 %   1/12/2009   2/12/2009   2/12/2009   30   $ 61,807.10   $ 195,442.90   $ 257,250.00
$ 16,868,576.22   4.35 %   2/12/2009   3/12/2009   3/12/2009   30   $ 61,099.19   $ 196,150.81   $ 257,250.00
$ 16,672,425.41   4.35 %   3/12/2009   4/12/2009   4/13/2009   28   $ 60,388.72   $ 196,861.28   $ 257,250.00
$ 16,475,564.13   4.35 %   4/12/2009   5/12/2009   5/12/2009   33   $ 59,675.67   $ 197,574.33   $ 257,250.00
$ 16,277,989.80   4.35 %   5/12/2009   6/12/2009   6/12/2009   30   $ 58,960.04   $ 198,289.96   $ 257,250.00
$ 16,079,699.85   4.35 %   6/12/2009   7/12/2009   7/13/2009   30   $ 58,241.82   $ 199,008.18   $ 257,250.00
$ 15,880,691.67   4.35 %   7/12/2009   8/12/2009   8/12/2009   30   $ 57,521.00   $ 199,729.00   $ 257,250.00
$ 15,680,962.67   4.35 %   8/12/2009   9/12/2009   9/14/2009   30   $ 56,797.57   $ 200,452.43   $ 257,250.00
$ 15,480,510.24   4.35 %   9/12/2009   10/12/2009   10/13/2009   30   $ 56,071.52   $ 201,178.48   $ 257,250.00
$ 15,279,331.76   4.35 %   10/12/2009   11/12/2009   11/12/2009   30   $ 55,342.83   $ 201,907.17   $ 257,250.00
$ 15,077,424.60   4.35 %   11/12/2009   12/12/2009   12/14/2009   30   $ 54,611.51   $ 202,638.49   $ 257,250.00
$ 14,874,786.11   4.35 %   12/12/2009   1/12/2010   1/12/2010   30   $ 53,877.54   $ 203,372.46   $ 257,250.00
$ 14,671,413.65   4.35 %   1/12/2010   2/12/2010   2/12/2010   30   $ 53,140.91   $ 204,109.09   $ 257,250.00
$ 14,467,304.56   4.35 %   2/12/2010   3/12/2010   3/12/2010   30   $ 52,401.61   $ 204,848.39   $ 257,250.00
$ 14,262,456.17   4.35 %   3/12/2010   4/12/2010   4/12/2010   28   $ 51,659.64   $ 205,590.36   $ 257,250.00
$ 14,056,865.81   4.35 %   4/12/2010   5/12/2010   5/12/2010   33   $ 50,914.97   $ 206,335.03   $ 257,250.00
$ 13,850,530.78   4.35 %   5/12/2010   6/12/2010   6/14/2010   30   $ 50,167.61   $ 207,082.39   $ 257,250.00
$ 13,643,448.40   4.35 %   6/12/2010   7/12/2010   7/12/2010   30   $ 49,417.55   $ 207,832.45   $ 257,250.00
$ 13,435,615.95   4.35 %   7/12/2010   8/12/2010   8/12/2010   30   $ 48,664.76   $ 208,585.24   $ 257,250.00
$ 13,227,030.71   4.35 %   8/12/2010   9/12/2010   9/13/2010   30   $ 47,909.25   $ 209,340.75   $ 257,250.00
$ 13,017,689.96   4.35 %   9/12/2010   10/12/2010   10/12/2010   30   $ 47,151.01   $ 210,098.99   $ 257,250.00
$ 12,807,590.97   4.35 %   10/12/2010   11/12/2010   11/12/2010   30   $ 46,390.01   $ 210,859.99   $ 257,250.00


Notional

  Effective
Rate


    Period Start

  Period End

  Payment
Date


  Days

  Interest

  Principal

  Principal &
Interest


$ 12,596,730.98   4.35 %   11/12/2010   12/12/2010   12/13/2010   30   $ 45,626.26   $ 211,623.74   $ 257,250.00
$ 12,385,107.24   4.35 %   12/12/2010   1/12/2011   1/12/2011   30   $ 44,859.75   $ 212,390.25   $ 257,250.00
$ 12,172,716.99   4.35 %   1/12/2011   2/12/2011   2/14/2011   30   $ 44,090.45   $ 213,159.55   $ 257,250.00
$ 11,959,557.44   4.35 %   2/12/2011   3/12/2011   3/14/2011   30   $ 43,318.37   $ 213,931.63   $ 257,250.00
$ 11,745,625.81   4.35 %   3/12/2011   4/12/2011   4/12/2011   28   $ 42,543.50   $ 214,706.50   $ 257,250.00
$ 11,530,919.31   4.35 %   4/12/2011   5/12/2011   5/12/2011   33   $ 41,765.82   $ 215,484.18   $ 257,250.00
$ 11,315,435.13   4.35 %   5/12/2011   6/12/2011   6/13/2011   30   $ 40,985.32   $ 216,264.68   $ 257,250.00
$ 11,099,170.44   4.35 %   6/12/2011   7/12/2011   7/12/2011   30   $ 40,201.99   $ 217,048.01   $ 257,250.00
$ 10,882,122.43   4.35 %   7/12/2011   8/12/2011   8/12/2011   30   $ 39,415.83   $ 217,834.17   $ 257,250.00
$ 10,664,288.26   4.35 %   8/12/2011   9/12/2011   9/12/2011   30   $ 38,626.82   $ 218,623.18   $ 257,250.00
$ 10,445,665.08   4.35 %   9/12/2011   10/12/2011   10/12/2011   30   $ 37,834.95   $ 219,415.05   $ 257,250.00
$ 10,226,250.02   4.35 %   10/12/2011   11/12/2011   11/14/2011   30   $ 37,040.21   $ 220,209.79   $ 257,250.00
$ 10,006,040.23   4.35 %   11/12/2011   12/12/2011   12/12/2011   30   $ 36,242.59   $ 221,007.41   $ 257,250.00
$ 9,785,032.83   4.35 %   12/12/2011   1/12/2012   1/12/2012   30   $ 35,442.09   $ 221,807.91   $ 257,250.00
$ 9,563,224.92   4.35 %   1/12/2012   2/12/2012   2/13/2012   30   $ 34,638.69   $ 222,611.31   $ 257,250.00
$ 9,340,613.60   4.35 %   2/12/2012   3/12/2012   3/12/2012   30   $ 33,832.37   $ 223,417.63   $ 257,250.00
$ 9,117,195.97   4.35 %   3/12/2012   4/12/2012   4/12/2012   29   $ 33,023.14   $ 224,226.86   $ 257,250.00
$ 8,892,969.11   4.35 %   4/12/2012   5/12/2012   5/14/2012   32   $ 32,210.97   $ 225,039.03   $ 257,250.00
$ 8,667,930.08   4.35 %   5/12/2012   6/12/2012   6/12/2012   30   $ 31,395.86   $ 225,854.14   $ 257,250.00
$ 8,442,075.94   4.35 %   6/12/2012   7/12/2012   7/12/2012   30   $ 30,577.80   $ 226,672.20   $ 257,250.00
$ 8,215,403.75   4.35 %   7/12/2012   8/12/2012   8/13/2012   30   $ 29,756.78   $ 227,493.22   $ 257,250.00
$ 7,987,910.53   4.35 %   8/12/2012   9/12/2012   9/12/2012   30   $ 28,932.78   $ 228,317.22   $ 257,250.00
$ 7,759,593.31   4.35 %   9/12/2012   10/12/2012   10/12/2012   30   $ 28,105.80   $ 229,144.20   $ 257,250.00
$ 7,530,449.12   4.35 %   10/12/2012   11/12/2012   11/13/2012   30   $ 27,275.83   $ 229,974.17   $ 257,250.00
$ 7,300,474.94   4.35 %   11/12/2012   12/12/2012   12/12/2012   30   $ 26,442.84   $ 230,807.16   $ 257,250.00
$ 7,069,667.79   4.35 %   12/12/2012   1/12/2013   1/14/2013   30   $ 25,606.84   $ 231,643.16   $ 257,250.00
$ 6,838,024.63   4.35 %   1/12/2013   2/12/2013   2/12/2013   30   $ 24,767.81   $ 232,482.19   $ 257,250.00
$ 6,605,542.44   4.35 %   2/12/2013   3/12/2013   3/12/2013   30   $ 23,925.75   $ 233,324.25   $ 257,250.00
$ 6,372,218.19   4.35 %   3/12/2013   4/12/2013   4/12/2013   28   $ 23,080.63   $ 234,169.37   $ 257,250.00
$ 6,138,048.82   4.35 %   4/12/2013   5/12/2013   5/13/2013   33   $ 22,232.45   $ 235,017.55   $ 257,250.00
$ 5,903,031.27   4.35 %   5/12/2013   6/12/2013   6/12/2013   30   $ 21,381.20   $ 235,868.80   $ 257,250.00
$ 5,667,162.48   4.35 %   6/12/2013   7/12/2013   7/12/2013   30   $ 20,526.87   $ 236,723.13   $ 257,250.00
$ 5,430,439.34   4.35 %   7/12/2013   8/12/2013   8/12/2013   30   $ 19,669.44   $ 237,580.56   $ 257,250.00
$ 5,192,858.78   4.35 %   8/12/2013   9/12/2013   9/12/2013   30   $ 18,808.91   $ 238,441.09   $ 257,250.00
$ 4,954,417.69   4.35 %   9/12/2013   10/12/2013   10/15/2013   30   $ 17,945.26   $ 239,304.74   $ 257,250.00
$ 4,715,112.95   4.35 %   10/12/2013   11/12/2013   11/12/2013   30   $ 17,078.48   $ 240,171.52   $ 257,250.00
$ 4,474,941.42   4.35 %   11/12/2013   12/12/2013   12/12/2013   30   $ 16,208.56   $ 241,041.44   $ 257,250.00
$ 4,233,899.98   4.35 %   12/12/2013   1/12/2014   1/13/2014   30   $ 15,335.49   $ 241,914.51   $ 257,250.00
$ 3,991,985.47   4.35 %   1/12/2014   2/12/2014   2/12/2014   30   $ 14,459.26   $ 242,790.74   $ 257,250.00
$ 3,749,194.73   4.35 %   2/12/2014   3/12/2014   3/12/2014   30   $ 13,579.85   $ 243,670.15   $ 257,250.00
$ 3,505,524.58   4.35 %   3/12/2014   4/12/2014   4/14/2014   28   $ 12,697.26   $ 244,552.74   $ 257,250.00
$ 3,260,971.84   4.35 %   4/12/2014   5/12/2014   5/12/2014   33   $ 11,811.47   $ 245,438.53   $ 257,250.00
$ 3,015,533.31   4.35 %   5/12/2014   6/12/2014   6/12/2014   30   $ 10,922.48   $ 246,327.52   $ 257,250.00
$ 2,769,205.79   4.35 %   6/12/2014   7/12/2014   7/14/2014   30   $ 10,030.26   $ 247,219.74   $ 257,250.00
$ 2,521,986.05   4.35 %   7/12/2014   8/12/2014   8/12/2014   30   $ 9,134.81   $ 248,115.19   $ 257,250.00
$ 2,273,870.87   4.35 %   8/12/2014   9/12/2014   9/12/2014   30   $ 8,236.12   $ 249,013.88   $ 257,250.00
$ 2,024,856.99   4.35 %   9/12/2014   10/12/2014   10/14/2014   30   $ 7,334.18   $ 249,915.82   $ 257,250.00
$ 1,774,941.17   4.35 %   10/12/2014   11/12/2014   11/12/2014   30   $ 6,428.96   $ 250,821.04   $ 257,250.00
$ 1,524,120.13   4.35 %   11/12/2014   12/12/2014   12/12/2014   30   $ 5,520.47   $ 251,729.53   $ 257,250.00
$ 1,272,390.60   4.35 %   12/12/2014   1/12/2015   1/12/2015   30   $ 4,608.69   $ 252,641.31   $ 257,250.00
$ 1,019,749.29   4.35 %   1/12/2015   2/12/2015   2/12/2015   30   $ 3,693.60   $ 253,556.40   $ 257,250.00
$ 766,192.90   4.35 %   2/12/2015   3/12/2015   3/12/2015   30   $ 2,775.21   $ 254,474.79   $ 257,250.00
$ 511,718.11   4.35 %   3/12/2015   4/12/2015   4/13/2015   28   $ 1,853.48   $ 255,396.52   $ 257,250.00
$ 256,321.58   4.35 %   4/12/2015   5/12/2015   5/12/2015   33   $ 928.42   $ 256,321.58   $ 257,250.00