This right can be assigned to certain subsidiaries or obligees, who can then cause the Senior Notes to be issued to the Trust in exchange for corresponding U.S. Treasury Securities. The company is committed to paying a facility fee annually, starting August 15, 2025, until 2055, based on the maximum aggregate principal amount of Senior Notes that could be issued. Additionally, under a trust expense reimbursement agreement, Principal Financial Group will cover the Trust's transaction-related expenses, including trustee's fees. These obligations are fully guaranteed by Principal Financial Services, Inc. The company's financial position appears robust, with InvestingPro data showing an overall Financial Health Score of "GOOD" and an attractive dividend yield of 3.45%. The Issuance Right will be automatically exercised in full under certain conditions, including payment defaults or bankruptcy events involving Principal Financial Group or Principal Financial Services, Inc.