PNC Financial Services said it completed the public offering and sale of $1,500,000,000 in aggregate principal amount of 4.812% Fixed Rate/Floating Rate Senior Notes due October 21, 2032 on October 21, 2024.

8-KOther EventsFiled Oct 21, 2024Period of report Oct 16, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

PNC Financial Services said it completed the public offering and sale of $1,500,000,000 in aggregate principal amount of 4.812% Fixed Rate/Floating Rate Senior Notes due October 21, 2032 on October 21, 2024.
The company said the notes were sold under an Underwriting Agreement dated October 16, 2024 among the company, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and PNC Capital Markets LLC.
The company said the notes were issued under an Indenture consisting of a Base Indenture dated as of September 6, 2012 and a First Supplemental Indenture dated as of April 23, 2021, with The Bank of New York Mellon as trustee.
The company said it filed this 8-K to file the note-related documents as exhibits to the Registration Statement on Form S-3ASR (File No. 333-261622), and that Laura Gleason provided the legality opinion.

Summary

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Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

$1,500,000,000 Senior Notes Offering Completed

PNC Financial Services said it completed the public offering and sale of $1,500,000,000 in aggregate principal amount of 4.812% Fixed Rate/Floating Rate Senior Notes due October 21, 2032 on October 21, 2024.

Source · Based on the filing body and exhibits

Underwriting Agreement and Underwriters

The company said the notes were sold under an Underwriting Agreement dated October 16, 2024 among the company, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and PNC Capital Markets LLC.

Source · Based on the filing body and exhibits

Indenture and Trustee The Bank of New York Mellon

The company said the notes were issued under an Indenture consisting of a Base Indenture dated as of September 6, 2012 and a First Supplemental Indenture dated as of April 23, 2021, with The Bank of New York Mellon as trustee.

Source · Based on the filing body and exhibits

Registration Statement Exhibits and Legality Opinion

The company said it filed this 8-K to file the note-related documents as exhibits to the Registration Statement on Form S-3ASR (File No. 333-261622), and that Laura Gleason provided the legality opinion.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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