Filed Pursuant to Rule 433

Registration No. 333-275071

April 22, 2024

Pricing Term Sheet

€1,500,000,000

The Procter & Gamble Company

€650,000,000 3.150% Notes due 2028

€850,000,000 3.200% Notes due 2034

3.150% Notes due 2028

Issuer:	The Procter & Gamble Company
Aggregate Principal Amount:	€650,000,000
Maturity Date:	April 29, 2028
Mid-swap rate:	2.966%
Spread to mid-swap rate:	+20 basis points
Yield to Maturity:	3.166%
Coupon (Interest Rate):	3.150%
Price to Public (Issue Price):	99.941% of principal amount
Reference Government security:	2.200% due April 13, 2028
Reference Government security price/yield:	98.66%; 2.559%
Spread to reference Government security:	+60.7 basis points
Interest Payment Date:	April 29, commencing April 29, 2025
Day Count Convention:	ACT/ACT, following, unadjusted
Make-Whole Redemption:	At any time at the greater of 100% or a discount rate of the Comparable Government Bond Rate plus 10 basis points
Tax Redemption:	The notes will be redeemable if certain events occur involving United States taxation as described in the Prospectus Supplement

Trade Date:	April 22, 2024
Settlement Date*:	April 29, 2024 (T+5)
Common Code:	281030884
ISIN:	XS2810308846
CUSIP:	742718 GH6
Denominations:	€100,000 x €1,000
Joint Book-Running Managers:	Citigroup Global Markets Limited Deutsche Bank AG, London Branch HSBC Bank plc
Senior Co-Managers:	Goldman Sachs & Co. LLC Morgan Stanley & Co. International plc
Co-Managers:	Banco Bilbao Vizcaya Argentaria, S.A. Barclays Bank PLC BNP Paribas Merrill Lynch International RBC Europe Limited U.S. Bancorp Investments, Inc. ING Bank N.V., Belgian Branch PNC Capital Markets LLC Siebert Williams Shank & Co., LLC Standard Chartered Bank
Type of Offering:	SEC Registered
Listing:	Application will be made for listing on the New York Stock Exchange on terms described in the Prospectus Supplement
Long-term Debt Ratings**:	Moody’s: Aa3 (Stable); S&P: AA- (Stable)

3.200% Notes due 2034
Issuer:	The Procter & Gamble Company
Aggregate Principal Amount:	€850,000,000
Maturity Date:	April 29, 2034
Mid-swap rate:	2.797%
Spread to mid-swap rate:	+45 basis points
Yield to Maturity:	3.247%
Coupon (Interest Rate):	3.200%
Price to Public (Issue Price):	99.604% of principal amount
Reference Government security:	2.200% due February 15, 2034
Reference Government security price/yield:	97.44%; 2.496%
Spread to reference Government security:	+75.1 basis points
Interest Payment Date:	April 29, commencing April 29, 2025
Day Count Convention:	ACT/ACT, following, unadjusted
Make-Whole Redemption:	At any time at the greater of 100% or a discount rate of the Comparable Government Bond Rate plus 15 basis points
Tax Redemption:	The notes will be redeemable if certain events occur involving United States taxation as described in the Prospectus Supplement
Trade Date:	April 22, 2024
Settlement Date*:	April 29, 2024 (T+5)
Common Code:	281030922
ISIN:	XS2810309224
CUSIP:	742718 GJ2

Denominations:	€100,000 x €1,000
Joint Book-Running Managers:	Citigroup Global Markets Limited Deutsche Bank AG, London Branch HSBC Bank plc
Senior Co-Managers:	Goldman Sachs & Co. LLC Morgan Stanley & Co. International plc
Co-Managers:	Banco Bilbao Vizcaya Argentaria, S.A. Barclays Bank PLC BNP Paribas Merrill Lynch International RBC Europe Limited U.S. Bancorp Investments, Inc. ING Bank N.V., Belgian Branch PNC Capital Markets LLC Siebert Williams Shank & Co., LLC Standard Chartered Bank
Type of Offering:	SEC Registered
Listing:	Application will be made for listing on the New York Stock Exchange on terms described in the Prospectus Supplement
Long-term Debt Ratings**:	Moody’s: Aa3 (Stable); S&P: AA- (Stable)

* Note: We expect that delivery of the notes will be made against payment therefor on or about the fifth business day following the date of pricing of the notes. Under Rule 15c6-1 of the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the notes on any date prior to two business days before delivery of the notes will be required, by virtue of the fact that the notes initially will settle in T+5 business days, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of the notes who wish to make such trades should consult their own advisors.

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

Manufacturer target market (MiFID II product governance/UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs/UK PRIIPs key information document has been prepared as the notes are not available to retail investors in the EEA and the United Kingdom.

This communication is being distributed to, and is directed only at, persons in the United Kingdom in circumstances where section 21(1) of the Financial Services and Markets Act 2000 does not apply.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Citigroup Global Markets Limited toll-free at 1-800-831-9146, Deutsche Bank AG, London Branch toll-free at 1-800-503-4611 or HSBC Bank plc toll-free at 1-866-811-8049.

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