NEW
YORK, Nov. 13, 2024 /PRNewswire/ -- The Bank of
New York Mellon Corporation ("BNY") (NYSE: BK), a global financial
services company, today announced that The Bank of New York Mellon,
its wholly-owned subsidiary, will redeem all of its issued and
outstanding 5.224% Fixed Rate / Floating Rate Callable Senior Bank
Notes due November 21, 2025 (CUSIP:
06405LAC5) (the "Notes"). The Notes have an aggregate principal
amount of $750,000,000.
The redemption date for the Notes is November 21, 2024 (the "Redemption Date"). The
redemption price for the Notes will equal 100% of the principal
amount of the Notes plus any accrued and unpaid interest thereon
to, but excluding, the Redemption Date (the "Redemption
Price").
On and after the Redemption Date, the Notes will no longer be
deemed outstanding and interest will no longer accrue on such
securities.
Payment of the Redemption Price will be made through the
facilities of The Depository Trust Company.
About BNY
BNY is a global financial services company that helps make money
work for the world – managing it, moving it and keeping it safe.
For 240 years BNY has partnered alongside clients, putting its
expertise and platforms to work to help them achieve their
ambitions. Today BNY helps over 90% of Fortune 100 companies and
nearly all the top 100 banks globally to access the money they
need. BNY supports governments in funding local projects and works
with over 90% of the top 100 pension plans to safeguard investments
for millions of individuals, and so much more. As of September
30, 2024, BNY oversees $52.1 trillion in assets under
custody and/or administration and $2.1 trillion in assets
under management.
BNY is the corporate brand of The Bank of New York Mellon
Corporation (NYSE: BK). Headquartered in New York City, BNY
employs over 50,000 people globally and has been named among
Fortune's World's Most Admired Companies and Fast Company's Best
Workplaces for Innovators. Additional information is available
on www.bny.com. Follow on LinkedIn or visit the BNY
Newsroom for the latest company news.
Contacts:
Media
Garrett Marquis
+1 949 683 1503
garrett.marquis@bny.com
Analysts
Marius
Merz
+1 212 298 1480
marius.merz@bny.com
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SOURCE BNY
