Pricing Supplement Number 151 Dated November 6, 2006

CALCULATION OF REGISTRATION FEE

 

Title of Each Class of Securities Offered

   Maximum
Aggregate Offering
Price(1)
   Amount of
Registration Fee(2)

5.000% Internotes® Due November 15, 2011

   $ 454,000    $ 48.58

5.850% Internotes® Due November 15, 2021

   $ 3,012,000    $ 322.28

6.000% Internotes® Due November 15, 2031

   $ 14,228,000    $ 1,522.40
         

TOTAL

      $ 1,893.26

(1) Excludes accrued interest, if any.
(2) Pursuant to Rule 457(p) under the Securities Act of 1933, as amended, registration fees were paid with respect to unsold securities that were previously registered pursuant to Registration Statement Nos. 333-123240, 333-123240-01 and 333-123240-02 and were carried forward. Prudential Financial is offsetting the $48.58 registration fee with respect to the $454,000 5.000% Internotes® Due November 15, 2011, the $322.28 registration fee with respect to the $3,012,000 5.850% Internotes® Due November 15, 2021 and the $1,522.40 registration fee with respect to the $14,228,000 6.000% Internotes® Due November 15, 2031 offered by means of this pricing supplement against those registration fees carried forward, and $13,234.89 of the registration fees carried forward remains available for future registration fees. No additional registration fee has been paid with respect to this offering.

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

Filed under Rule 424(b)(3), Registration Statement(s) No. 333-132469, 333-132469-01 and 333-132469-02

Pricing Supplement Number 151 Dated November 06, 2006

(to Prospectus dated March 16, 2006 and Prospectus Supplement dated March 16, 2006)

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

74432ARB8

   $454,000.00    100.000%   1.000%   $449,460.00    FIXED    5.000%   SEMI-
ANNUAL
   11/15/2011    5/15/2007    $25.83    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 Services, Merrill Lynch & Co., Morgan Stanley, Ramirez & Co., Inc., Raymond James & Associates, Inc., RBC Dain Rauscher Inc., Muriel Siebert & Co., Inc., UBS Securities LLC, 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

74432ARC6

   $3,012,000.00    100.000%   2.000%   $2,951,760.00    FIXED    5.850%   SEMI-
ANNUAL
   11/15/2021    5/15/2007    $30.23    YES    Senior
Unsecured
Notes
   A3    A

Redemption Information: Callable at 100.000% on 11/15/2009 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 Services, Merrill Lynch & Co., Morgan Stanley, Ramirez & Co., Inc., Raymond James & Associates, Inc., RBC Dain Rauscher Inc., Muriel Siebert & Co., Inc., UBS Securities LLC, 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 any time on or after 11/15/2009 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

74432ARD4

   $14,228,000.00    100.000%   2.500%   $13,872,300.00    FIXED    6.000%   SEMI-
ANNUAL
   11/15/2031    5/15/2007    $31.00    YES    Senior
Unsecured
Notes
   A3    A

Redemption Information: Callable at 100.000% on 11/15/2011 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 Services, Merrill Lynch & Co., Morgan Stanley, Ramirez & Co., Inc., Raymond James & Associates, Inc., RBC Dain Rauscher Inc., Muriel Siebert & Co., Inc., UBS Securities LLC, 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 any time on or after 11/15/2011 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.    Offering Dates: October 30, 2006 through November 06, 2006    Prudential Financial, Inc.
  

Trade Date: Monday, November 06, 2006 @12:00 PM ET

 

Settlement Date: Thursday, November 09, 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

  

$2,500,000,000.00 Prudential Financial Retail

Medium-Term Notes, including Prudential

Financial InterNotes®

 

Prospectus dated March 16, 2006 and the

Prospectus Supplement dated March 16, 2006