MetLife, Inc. announced that it will redeem all of its outstanding 3.048% series C senior component debentures, tranche 2, pursuant to the terms of the notes. The full $500 million outstanding principal amount of the notes will be redeemed on July 23, 2021 (the redemption date). The redemption price will be equal to the sum of the present value, as of the redemption date, of all remaining scheduled principal and interest payments on the notes from, but excluding, the redemption date through, and including, December 15, 2022 (not including any portion of such payments of interest that have accrued, or for which the regular record date has occurred, as of the redemption date), such present value to be calculated using discounting, on a semi-annual basis assuming a 360-day year consisting of twelve 30-day months, at a discount rate equal to the lesser of the treasury rate (as defined in the indenture for the notes) plus 50 basis points and 15%; and (without duplication) unpaid interest that has accrued on the notes to, but excluding, the redemption date. On and after the redemption date, all interest on the notes will cease to accrue. The notes are held through the depository trust company (DTC) and will be redeemed in accordance with the procedures of DTC. Payment to DTC for the notes will be made by The Bank of New York Mellon Trust Company, N.A., as paying agent.