The company said it completed the public offering and sale of an aggregate principal amount of $1,000,000,000 of 5.222% Fixed Rate/Floating Rate Senior Notes due January 29, 2025 January 29, 2031.

8-KOther EventsFiled Jan 29, 2025Period of report Jan 22, 2025Summary published (UTC) Oct 16, 2026

Key points

AI summary

The company said it completed the public offering and sale of an aggregate principal amount of $1,000,000,000 of 5.222% Fixed Rate/Floating Rate Senior Notes due January 29, 2025 January 29, 2031.
It also said it completed the sale of an aggregate principal amount of $1,750,000,000 of 5.575% Fixed Rate/Floating Rate Senior Notes due January 29, 2036 on the same day.
PNC said the notes were sold under an Underwriting Agreement dated January 22, 2025 with PNC Capital Markets LLC, BofA Securities, Inc. and Citigroup Global Markets Inc., and were issued under an Indenture with The Bank of New York Mellon as trustee.
The company said the offering is described in a prospectus supplement dated January 22, 2025 and filed as part of a Form S-3ASR registration statement. It also attached the legality opinion from Laura Gleason, counsel to the company, as Exhibit 5.1.

Summary

AI-written

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.

PNC Completes $1,000,000,000 Senior Notes Offering at 5.222%

The company said it completed the public offering and sale of an aggregate principal amount of $1,000,000,000 of 5.222% Fixed Rate/Floating Rate Senior Notes due January 29, 2025 January 29, 2031.

Source · Based on the filing body and exhibits

PNC Completes $1,750,000,000 Senior Notes Offering at 5.575%

It also said it completed the sale of an aggregate principal amount of $1,750,000,000 of 5.575% Fixed Rate/Floating Rate Senior Notes due January 29, 2036 on the same day.

Source · Based on the filing body and exhibits

Underwriting and Trustee Arrangements

PNC said the notes were sold under an Underwriting Agreement dated January 22, 2025 with PNC Capital Markets LLC, BofA Securities, Inc. and Citigroup Global Markets Inc., and were issued under an Indenture with The Bank of New York Mellon as trustee.

Source · Based on the filing body and exhibits

Offering Disclosure Documents and Legal Opinion

The company said the offering is described in a prospectus supplement dated January 22, 2025 and filed as part of a Form S-3ASR registration statement. It also attached the legality opinion from Laura Gleason, counsel to the company, as Exhibit 5.1.

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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