Pricing Supplement No. 111

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 111 Dated 01/17/2006

(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
    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
74432AMH0    $1,293,000.00    100.000%    0.625%    $1,284,918.75    FIXED    4.625%    SEMI-ANNUAL    01/15/2009    07/15/2006    $22.48    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
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
74432AMJ6    $2,544,000.00    100.000%    1.200%    $2,513,472.00    FIXED    5.250%    SEMI-
ANNUAL		    01/15/2013    07/15/2006    $25.52    YES    Senior
Unsecured
Notes		    A3    A-

 

Redemption Information: Callable at 100.000% on 01/15/2008 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, 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 01/15/2008 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
74432AMK3    $6,989,000.00    100.000%    2.500%    $6,814,275.00    FIXED    5.800%    SEMI-
ANNUAL		    01/15/2031    07/15/2006    $28.19    YES    Senior
Unsecured
Notes		    A3    A-

 

Redemption Information: Callable at 100.000% on 01/15/2011 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 01/15/2011 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: Tuesday, January 17, 2006 @12:00 PM ET

Settlement Date: Friday, January 20, 2006

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