State Street said on December 20, 2024 it notified holders of its $500,000,000 aggregate principal amount of 4.857% Fixed-to-Floating Rate Senior Notes due 2026 (the January Notes) that it will redeem all of them on January 27, 2025.

8-KRegulation FD DisclosureFiled Dec 20, 2024Period of report Dec 20, 2024Summary published (UTC) Oct 24, 2026

Key points

AI summary

State Street said on December 20, 2024 it notified holders of its $500,000,000 aggregate principal amount of 4.857% Fixed-to-Floating Rate Senior Notes due 2026 (the January Notes) that it will redeem all of them on January 27, 2025.
The company said it notified holders of its $300,000,000 aggregate principal amount of 1.746% Fixed-to-Floating Rate Senior Notes due 2026 (the February Notes) on December 20, 2024 that it will redeem all of them on February 6, 2025.
The company said it will redeem both series at a redemption price equal to 100% of the principal amount, plus accrued and unpaid interest up to, but excluding, the applicable redemption date. Interest will not accrue on either series on or after the applicable redemption date.
The company said it plans to fund the combined redemption price of the January Notes and February Notes with cash on hand.

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.

January Notes Full Redemption Notice

State Street said on December 20, 2024 it notified holders of its $500,000,000 aggregate principal amount of 4.857% Fixed-to-Floating Rate Senior Notes due 2026 (the January Notes) that it will redeem all of them on January 27, 2025.

Source · Based on the filing body and exhibits

February Notes Full Redemption Notice

The company said it notified holders of its $300,000,000 aggregate principal amount of 1.746% Fixed-to-Floating Rate Senior Notes due 2026 (the February Notes) on December 20, 2024 that it will redeem all of them on February 6, 2025.

Source · Based on the filing body and exhibits

Redemption Price and Interest Cessation Terms

The company said it will redeem both series at a redemption price equal to 100% of the principal amount, plus accrued and unpaid interest up to, but excluding, the applicable redemption date. Interest will not accrue on either series on or after the applicable redemption date.

Source · Based on the filing body and exhibits

Redemption Funded from Cash on Hand

The company said it plans to fund the combined redemption price of the January Notes and February Notes with cash on hand.

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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