MA MasterCard Incorporated

Filed pursuant to Rule 433

Registration No. 333-277032

Issuer Free Writing Prospectus dated February 18, 2025

Relating to Preliminary Prospectus Supplement dated February 18, 2025

Mastercard Incorporated

$300,000,000 Floating Rate Notes due 2028

$450,000,000 4.550% Notes due 2028

$500,000,000 4.950% Notes due 2032

Pricing Term Sheet

February 18, 2025

The information in this pricing term sheet supplements Mastercard Incorporated’s preliminary prospectus supplement, dated February 18, 2025 (the “Preliminary Prospectus Supplement”), and supersedes the information in the Preliminary Prospectus Supplement to the extent inconsistent with the information in the Preliminary Prospectus Supplement. In all other respects, this pricing term sheet is qualified in its entirety by reference to the Preliminary Prospectus Supplement. Terms used herein but not defined herein shall have the respective meanings as set forth in the Preliminary Prospectus Supplement.

Floating Rate Notes due 2028

4.550% Notes due 2028 & 4.950% Notes due 2032

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 obtain 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 them by calling (i) Deutsche Bank Securities Inc. at 1-800-503-4611, (ii) Citigroup Global Markets Inc. at 1-800-831-9146, (iii) HSBC Securities (USA) Inc. at (866) 811-8049, (iv) NatWest Markets Securities Inc. at 1-203-897-6166, (v) PNC Capital Markets LLC at 855-881-0697 and (vi) SG Americas Securities, LLC at 1-855-881-2108.

*It is expected that delivery of the Notes will be made against payment therefor on or about February 27, 2025, which will be the seventh business day following the date hereof (this settlement cycle referred to as “T+7”). Under Rule 15c6-1 of the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in one business day, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes more than one business day prior to February 27, 2025, will be required, by virtue of the fact that the Notes initially will settle in T+7, 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 advisor.

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