diff --git a/docs/security/GUARDRAILS.md b/docs/security/GUARDRAILS.md
index e4b956e43f..6d2e21c61e 100644
--- a/docs/security/GUARDRAILS.md
+++ b/docs/security/GUARDRAILS.md
@@ -476,23 +476,32 @@ fusion counters. The default Video Bridge path does not invoke speech-to-text
 or download a second media copy; without that explicit track, it remains
 video-only.
 
-**Transcript retention (opt-in feature, #12150 P1).** When a request renders any
-transcript cue (a caller-declared `transcript` or a fused `audioTranscript`), the
-guardrail marks it `videoBridgeObserved` and produces a redacted shadow of the
-video description — an identical rendering in which every cue's free-text body is
-replaced by `[redacted-video-transcript]`, built by substituting the structured
-cue field before the string is assembled (never by parsing the flattened text, so
-no cue content — adversarial or ordinary, including bodies containing `]` such as
+**Transcript retention (#12150 P1).** This applies automatically whenever the
+Video Bridge (itself opt-in) renders a transcript cue — there is no separate
+retention flag. When a request renders any transcript cue (a caller-declared
+`transcript` or a fused `audioTranscript`), the guardrail marks it
+`videoBridgeObserved` and produces a redacted shadow of the video description —
+an identical rendering in which every cue's free-text body is replaced by
+`[redacted-video-transcript]`, built by substituting the structured cue field
+before the string is assembled (never by parsing the flattened text, so no cue
+content — adversarial or ordinary, including bodies containing `]` such as
 `[inaudible]`/`[music]` — can survive). The persisted call-log request body swaps
 each video-derived text part for that redacted shadow, matched by content
-equality (so it stays correct even after system-prompt/handoff/memory injection
-reshapes the message array); the body sent upstream to the model is unchanged.
-An observed request also populates no durable Memory (both request- and
-response-derived extraction are skipped), so the model's own reply cannot echo
-transcript text into Memory. Two further retention surfaces — the raw
-pre-guardrail client-request snapshot in the detailed-log artifact and
-`previous_response_id` continuation fail-closed — are tracked for a follow-up
-(P2) and are not yet closed.
+equality; the `fullText` anchor is re-read from the finished pre-call guardrail
+payload, so the match still succeeds after later chain guardrails (the PII and
+credential maskers, priorities 10/95) rewrite the description text in place and
+after system-prompt/handoff/memory injection reshapes the message array. The
+body sent upstream to the model is unchanged. An observed request also populates
+no durable Memory (both request- and response-derived extraction are skipped),
+so the model's own reply cannot echo transcript text into Memory.
+
+Retention surfaces still open, tracked for a follow-up (**P2**, #12430): the raw
+pre-guardrail client-request snapshot in the detailed-log artifact;
+`previous_response_id` continuation fail-closed; derived-prompt internal
+dispatches that embed the transcript inside a synthesized string prompt
+(pipeline stages, context-handoff); and the response body / semantic-cache copy
+of a model reply that quotes the transcript. These are raw/response-class or
+opt-in surfaces outside P1's persisted-request-body + Memory scope.
 
 The internal `/api/modality-bridge/video/drilldown` lifecycle is a separate,
 loopback/token-authenticated cache substrate. Every operation also requires a
diff --git a/src/lib/guardrails/videoBridge.ts b/src/lib/guardrails/videoBridge.ts
index f8425a188c..216c525365 100644
--- a/src/lib/guardrails/videoBridge.ts
+++ b/src/lib/guardrails/videoBridge.ts
@@ -66,6 +66,38 @@ export interface VideoBridgeLogRedactionEntry {
   redactedText: string;
 }
 
+/**
+ * #12150 P1 final-review fix: re-anchor each redaction entry's `fullText` from
+ * the FINAL pre-call guardrail payload. The video-bridge guardrail runs at
+ * priority 7, but the PII masker (10) and credential masker (95) rewrite the
+ * SAME chained payload afterward, in place — so by the end of the chain the
+ * replaced part's text may differ from what video-bridge recorded, and the log
+ * sink's content-match (`part.text === fullText`) would miss (fail open). Chain
+ * guardrails only rewrite text in place — they never splice the message array —
+ * so the advisory `(container, messageIndex, partIndex)` still resolves inside
+ * the finished chain payload; reading the part text there yields the true
+ * post-chain text the log sink will see. Falls back to the original `fullText`
+ * when the index no longer resolves. Returns new entries; never mutates the
+ * shared guardrail `meta` array. `redactedText` is unchanged (it is rendered
+ * from the structured cues, independent of any masker rewrite).
+ */
+export function reanchorVideoBridgeRedaction(
+  entries: readonly VideoBridgeLogRedactionEntry[],
+  finalBody: unknown
+): VideoBridgeLogRedactionEntry[] {
+  const body = finalBody as Record<string, unknown> | null | undefined;
+  return entries.map((entry) => {
+    const container = body?.[entry.container];
+    if (!Array.isArray(container)) return { ...entry };
+    const message = container[entry.messageIndex] as { content?: unknown } | undefined;
+    const content = message?.content;
+    if (!Array.isArray(content)) return { ...entry };
+    const part = content[entry.partIndex] as { text?: unknown } | undefined;
+    if (!part || typeof part.text !== "string") return { ...entry };
+    return { ...entry, fullText: part.text };
+  });
+}
+
 type VideoBridgeBody = {
   model?: string;
   messages?: Array<{ role?: string; content?: unknown }>;
diff --git a/src/sse/handlers/chat.ts b/src/sse/handlers/chat.ts
index 7747bc00c1..6c426bcfce 100644
--- a/src/sse/handlers/chat.ts
+++ b/src/sse/handlers/chat.ts
@@ -104,6 +104,7 @@ import {
 } from "./chatHelpers";
 import { buildModalityBridgeHeader } from "@/lib/guardrails/modalityBridge/bridgeStats";
 import type { VideoBridgeLogRedactionEntry } from "@/lib/guardrails/videoBridge";
+import { reanchorVideoBridgeRedaction } from "@/lib/guardrails/videoBridge";
 import { resolveConversationId } from "@omniroute/open-sse/services/conversationTracker.ts";
 import {
   classifyProviderBreakerResult,
@@ -315,11 +316,18 @@ type VideoBridgeLog = { observed: boolean; redaction: VideoBridgeLogRedactionEnt
 
 /**
  * #12150 P1b: derive the video-bridge log/Memory shadow from
- * preCallGuardrails.results. Returns undefined when the video-bridge
- * guardrail did not run (disabled, no video parts) or ran but rendered no
- * transcript cue (ordinary video, or the request was blocked/failed before
- * meta was set) — so every non-video request threads `undefined` through the
- * dispatch chain, byte-identical to before this param existed.
+ * preCallGuardrails.results. Returns undefined only when the video-bridge
+ * guardrail did not run (disabled, no video parts, or the request was
+ * blocked/failed before meta was set); a replaced ordinary video returns
+ * `{ observed: false, redaction: [] }`. So every non-video request threads
+ * `undefined` through the dispatch chain, byte-identical to before this param
+ * existed.
+ *
+ * `finalBody` is the payload AFTER the whole pre-call chain
+ * (`preCallGuardrails.payload`): #12150 P1 final-review fix re-anchors each
+ * redaction entry's `fullText` from it so the log sink's content-match still
+ * finds the part after the PII/credential maskers (priorities 10/95) rewrote
+ * the description text in place.
  *
  * `results` is typed as a structural subset of GuardrailExecutionResult
  * (src/lib/guardrails/base.ts), the same "no type dependency on the
@@ -327,14 +335,16 @@ type VideoBridgeLog = { observed: boolean; redaction: VideoBridgeLogRedactionEnt
  * (modalityBridge/bridgeStats.ts).
  */
 function deriveVideoBridgeLog(
-  results: Array<{ guardrail: string; meta?: Record<string, unknown> | null }>
+  results: Array<{ guardrail: string; meta?: Record<string, unknown> | null }>,
+  finalBody: unknown
 ): VideoBridgeLog | undefined {
   const entry = results.find((r) => r.guardrail === "video-bridge");
   const meta = entry?.meta;
   if (!meta || typeof meta.videoBridgeObserved !== "boolean") return undefined;
-  const redaction = Array.isArray(meta.videoBridgeLogRedaction)
+  const rawRedaction = Array.isArray(meta.videoBridgeLogRedaction)
     ? (meta.videoBridgeLogRedaction as VideoBridgeLogRedactionEntry[])
     : [];
+  const redaction = reanchorVideoBridgeRedaction(rawRedaction, finalBody);
   return { observed: meta.videoBridgeObserved, redaction };
 }
 
@@ -774,7 +784,7 @@ async function handleChatImplementation(
   // #12150 P1b: video-bridge log/Memory shadow — undefined on every
   // non-video request. Threaded through handleSingleModelChat's
   // runtimeOptions -> executeChatWithBreaker -> handleChatCore.
-  const videoBridgeLog = deriveVideoBridgeLog(preCallGuardrails.results);
+  const videoBridgeLog = deriveVideoBridgeLog(preCallGuardrails.results, body);
   telemetry.endPhase();
 
   // Agentic conversation tracking (X-ConversationId): resolved once per
diff --git a/tests/unit/guardrails/videoBridge.test.ts b/tests/unit/guardrails/videoBridge.test.ts
index fa62495eba..0aaafbffe6 100644
--- a/tests/unit/guardrails/videoBridge.test.ts
+++ b/tests/unit/guardrails/videoBridge.test.ts
@@ -1,7 +1,10 @@
 import assert from "node:assert/strict";
 import test from "node:test";
 
-import { VideoBridgeGuardrail } from "../../../src/lib/guardrails/videoBridge.ts";
+import {
+  VideoBridgeGuardrail,
+  reanchorVideoBridgeRedaction,
+} from "../../../src/lib/guardrails/videoBridge.ts";
 import { callVisionModel } from "../../../src/lib/guardrails/visionBridgeHelpers.ts";
 import {
   buildModalityBridgeHeader,
@@ -821,3 +824,59 @@ test("audio/video fusion telemetry reaches guardrail meta, bridge stats, and cac
   assert.equal(after.fusionRuns - before.fusionRuns, 2);
   assert.equal(after.fusionPartials - before.fusionPartials, 2);
 });
+
+test("reanchorVideoBridgeRedaction re-reads fullText from the post-guardrail body (PII/credential masker interaction)", () => {
+  // A later chain guardrail (PII masker @10, credential masker @95) rewrote the
+  // description text IN PLACE after video-bridge@7 built the redaction map, so
+  // the map's fullText is stale. Re-anchoring at the advisory indices must pick
+  // up the post-masker text so the log sink's content-match still finds the part.
+  const entries = [
+    {
+      container: "messages" as const,
+      messageIndex: 0,
+      partIndex: 1,
+      fullText:
+        "[Video description: transcript[source=client;confidence=0.90;interval=00:01.000-00:02.000] my name is Alice]",
+      redactedText:
+        "[Video description: transcript[source=client;confidence=0.90;interval=00:01.000-00:02.000] [redacted-video-transcript]]",
+    },
+  ];
+  const finalBody = {
+    messages: [
+      {
+        role: "user",
+        content: [
+          { type: "text", text: "hello" },
+          {
+            type: "text",
+            // PII masker replaced "Alice" with a token in place:
+            text: "[Video description: transcript[source=client;confidence=0.90;interval=00:01.000-00:02.000] my name is [NAME_1]]",
+          },
+        ],
+      },
+    ],
+  };
+  const reanchored = reanchorVideoBridgeRedaction(entries, finalBody);
+  assert.equal(
+    reanchored[0].fullText,
+    (finalBody.messages[0].content[1] as { text: string }).text,
+    "fullText must equal the post-masker part text so the sink match succeeds"
+  );
+  assert.equal(reanchored[0].redactedText, entries[0].redactedText, "redactedText is unchanged");
+  // Original entries object is not mutated (meta is shared).
+  assert.equal(entries[0].fullText.includes("Alice"), true);
+});
+
+test("reanchorVideoBridgeRedaction keeps original fullText when the advisory index no longer resolves", () => {
+  const entries = [
+    {
+      container: "messages" as const,
+      messageIndex: 5,
+      partIndex: 9,
+      fullText: "[Video description: original]",
+      redactedText: "[Video description: [redacted-video-transcript]]",
+    },
+  ];
+  const reanchored = reanchorVideoBridgeRedaction(entries, { messages: [] });
+  assert.equal(reanchored[0].fullText, "[Video description: original]");
+});