Issuer Free Writing Prospectus Filed by Mitsubishi UFJ Financial Group, Inc.
	Pursuant to Rule 433 Reg-Statement No. 333-229697 February 18, 2020

5-Year Fixed Rate Notes Due 2025

10-Year Fixed Rate Notes Due 2030

5-Year Fixed Rate Notes Due 2025

Issuer:	Mitsubishi UFJ Financial Group, Inc.
Size:	U.S.$ 2,600,000,000
Issuer Ratings (Moody’s / S&P / Fitch)*:	A1 / A- / A
Expected Security Ratings (Moody’s / S&P / Fitch)*:	A1 / A- / A
Security Type:	Senior Notes
Currency:	U.S.$
Interest:	2.193% per annum
Trade Date:	February 18, 2020
Settlement Date:	February 25, 2020
Maturity:	February 25, 2025
Interest Payment Dates:	Semi-annually in arrears on February 25 and August 25 of each year
First Interest Payment Date:	August 25, 2020
Pricing Benchmark:	1.375% due 1/2025
Benchmark Spot (Price/Yield):	99-29 1/4 / 1.393%
Spread to Benchmark:	80 basis points
Issue Price:	100% of principal amount plus accrued interest, if any, from February 25, 2020
Yield to Maturity:	2.193%
Underwriting Discount:	0.35%
Net Proceeds before Expenses:	U.S.$ 2,590,900,000

1

Day Count:	30/360
Business Days:	New York and Tokyo
Business Day Convention:	Following Business Day Convention
Denominations:	U.S.$200,000 x U.S.$1,000
Listing:	Luxembourg Stock Exchange’s Euro MTF Market
Governing Law:	New York law
Billing & Delivering:	Morgan Stanley & Co. LLC
Joint Lead Managers and Joint Bookrunners:	Morgan Stanley & Co. LLC MUFG Securities Americas Inc. J.P. Morgan Securities LLC
Senior Co-Managers:	Barclays Capital Inc. BofA Securities, Inc. Citigroup Global Markets Inc.
Co-Managers:	Bank of China Limited BNP Paribas HSBC Securities (USA) Inc. Nomura Securities International, Inc. Société Générale TD Securities (USA) LLC UBS Securities LLC Wells Fargo Securities, LLC
Security Codes:	CUSIP: 606822 BN3 ISIN: US606822BN36 Common Code: 212506249

2

10-Year Fixed Rate Notes Due 2030
Issuer:	Mitsubishi UFJ Financial Group, Inc.
Size:	U.S.$ 1,150,000,000
Issuer Ratings (Moody’s / S&P / Fitch)*:	A1 / A- / A
Expected Security Ratings (Moody’s / S&P / Fitch)*:	A1 / A- / A
Security Type:	Senior Notes
Currency:	U.S.$
Interest:	2.559% per annum
Trade Date:	February 18, 2020
Settlement Date:	February 25, 2020
Maturity:	February 25, 2030
Interest Payment Dates:	Semi-annually in arrears on February 25 and August 25 of each year
First Interest Payment Date:	August 25, 2020
Pricing Benchmark:	1.500% due 2/2030
Benchmark Spot (Price/Yield):	99-14+ / 1.559%
Spread to Benchmark:	100 basis points
Issue Price:	100% of principal amount plus accrued interest, if any, from February 25, 2020
Yield to Maturity:	2.559%
Underwriting Discount:	0.45%
Net Proceeds before Expenses:	U.S.$ 1,144,825,000
Day Count:	30/360
Business Days:	New York and Tokyo
Business Day Convention:	Following Business Day Convention
Denominations:	U.S.$200,000 x U.S.$1,000
Listing:	Luxembourg Stock Exchange’s Euro MTF Market
Governing Law:	New York law
Billing & Delivering:	MUFG Securities Americas Inc.

3

Joint Lead Managers and Joint Bookrunners:	Morgan Stanley & Co. LLC MUFG Securities Americas Inc. BofA Securities, Inc.
Senior Co-Managers:	Barclays Capital Inc. Citigroup Global Markets Inc. J.P. Morgan Securities LLC
Co-Managers:	Bank of China Limited BNP Paribas HSBC Securities (USA) Inc. Nomura Securities International, Inc. Société Générale TD Securities (USA) LLC UBS Securities LLC Wells Fargo Securities, LLC
Security Codes:	CUSIP: 606822 BR4 ISIN: US606822BR40 Common Code: 212364088

4

This communication is intended for the sole use of the person to whom it is provided by us. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction or to any person to whom it is unlawful to make such offer or solicitation in such jurisdiction.

The Issuer has filed a registration statement (including a prospectus dated February 15, 2019 (the “Base Prospectus”)) and a preliminary prospectus supplement dated February 18, 2020 (the “Preliminary Prospectus Supplement,” and together with the Base Prospectus, the “Preliminary Prospectus”) with the U.S. Securities and Exchange Commission (“SEC”) for this offering. Before you invest, you should read the Preliminary Prospectus for this offering, and other documents the Issuer has filed with the SEC and which are incorporated by reference therein for more complete information about the Issuer and this offering. You may get these documents for free by searching the SEC online database (EDGAR^®) at www.sec.gov.

Alternatively, the Issuer, any underwriter or any dealer participating in the transaction will arrange to send you the Preliminary Prospectus if you request it by calling Morgan Stanley & Co. LLC toll-free at 1-866-718-1649 or MUFG Securities Americas Inc. toll-free at 1-877-649-6848.

Singapore Securities and Futures Act Product Classification—Solely for the purposes of its obligations pursuant to sections 309B(1)(a) and 309B(1)(c) of the Securities and Futures Act (Chapter 289) of Singapore as modified or amended from time to time, the Issuer has determined, and hereby notifies all relevant persons (as defined in Regulation 3(b) of the Securities and Futures (Capital Markets Products) Regulations 2018 (the “SF (CMP) Regulations”)), that the Notes are “prescribed capital markets products” (as defined in the SF (CMP) Regulations).

*Note: A security rating is not a recommendation to buy, sell or hold securities and may be subject to revision, suspension or withdrawal at any time.

5