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Pricing Supplement dated June 8, 2022 (To
Prospectus dated December 9, 2021 and Prospectus Supplement dated December 9, 2021)
THE BANK OF NEW YORK MELLON CORPORATION |
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Rule 424(b)(5) File No. 333-261575 |
Senior Medium-Term Notes Series J
(U.S. $ Fixed Rate/Floating Rate)
$500,000,000 3.992% Fixed Rate/Floating Rate Callable Senior Notes Due 2028
Trade Date: June 8, 2022
Original Issue Date:
June 13, 2022
Principal Amount: $500,000,000
Net
Proceeds (Before Expenses) to Issuer: $499,250,000
Price to Public: 100.000% plus accrued interest, if any, from June 13, 2022
Commission/Discount: 0.150%
Agents Capacity:
☒ Principal Basis ☐ Agency Basis
Maturity Date: June 13, 2028
Fixed Rate Period: June 13, 2022 to but excluding June 13, 2027
Floating Rate Period: June 13, 2027 to but excluding June 13, 2028
Interest Payment Dates during the Fixed Rate Period: Semi-annually on the 13th day of June and December of each year, commencing December 13, 2022 and ending
on June 13, 2027
Interest Rate during Fixed Rate Period: 3.992% per annum
Day Count Convention during the Fixed Rate Period: 30/360
Interest Payment Dates during the Floating Rate Period: Quarterly on the 13th day of March, June, September and December of each year, commencing on
September 13, 2027
Interest Rate during Floating Rate Period: Compounded SOFR (as defined in the Prospectus Supplement), as determined in accordance
with the provisions set forth in the Prospectus, Prospectus Supplement and this Pricing Supplement, plus the Spread. In no event will the Interest Rate for any Floating Rate Period Interest Period be less than the Minimum Interest Rate.
Floating Rate Period Interest Period: (i) the period from and including any Interest Payment Date (or with respect to the initial Floating Rate Interest
Period during the Floating Rate Period only, from and including June 13, 2027) to, but excluding, the next succeeding Interest Payment Date; (ii) in the case of the last such period, the period from and including the Interest Payment Date
immediately preceding the Maturity Date to, but excluding, the Maturity Date; or (iii) in the event of any redemption of the Notes, from and including the Interest Payment Date immediately preceding the applicable redemption date to, but
excluding, such redemption date.
Base Rate or Benchmark during the Floating Rate Period: Compounded SOFR
Floating Rate Period Spread: +115.1 basis points