The notes will maintain their initial interest rate for the first decade. Beginning September 11, 2036, the rate will transition to a floating calculation based on the CMT Rate plus a 1.350% spread. Manulife retains the option to redeem the notes early, subject to approval from the Superintendent of Financial Institutions in Canada, starting in September 2031 or upon the occurrence of specific regulatory or tax events.

BofA Securities, Citigroup Global Markets, J.P. Morgan Securities, and Morgan Stanley are managing the offering. While the notes are being sold to investors in the United States, the company explicitly noted that the securities will not be offered or sold to residents of Canada. Manulife plans to allocate the net proceeds toward general corporate requirements, including potential refinancing initiatives.