PITTSBURGH, Oct. 22,
2024 /PRNewswire/ -- The PNC Financial Services
Group, Inc. (NYSE: PNC) today announced the redemption of, on
Nov. 4, 2024, all outstanding Senior
Floating Rate Bank Notes due Dec. 2,
2024 issued by PNC Bank, National Association in the amount
of $200,000,000 (CUSIP 69353RFV5).
The securities have an original scheduled maturity date of
Dec. 2, 2024. The redemption price
will be equal to 100% of the principal amount, plus any accrued and
unpaid interest to the redemption date of Nov. 4, 2024. Interest on the Senior Floating
Rate Bank Notes will cease to accrue on the redemption date.
PNC will also redeem, on Oct. 28,
2024, all outstanding 5.671% Fixed Rate/Floating Rate Senior
Notes due Oct. 28, 2025 issued by PNC
in the amount of $1,000,000,000
(CUSIP 693475BH7). The securities have an original scheduled
maturity date of Oct. 28, 2025. The
redemption price will be equal to 100% of the principal amount,
plus any accrued and unpaid interest to the redemption date of
Oct. 28, 2024. Interest on the 5.671%
Fixed Rate/Floating Rate Senior Notes will cease to accrue on the
redemption date.
Payment of the redemption price for the Senior Floating Rate
Bank Notes and the 5.671% Fixed Rate/Floating Rate Senior Notes
will be made through the facilities of the Depository Trust
Company.
The PNC Financial Services Group, Inc. is one of the largest
diversified financial services institutions in the United States, organized around its
customers and communities for strong relationships and local
delivery of retail and business banking including a full range of
lending products; specialized services for corporations and
government entities, including corporate banking, real estate
finance and asset-based lending; wealth management and asset
management. For information about PNC, visit www.pnc.com.
CONTACTS
MEDIA:
Kristen
Pillitteri
(412) 762-4550
media.relations@pnc.com
INVESTORS:
Bryan Gill
(412) 768-4143
investor.relations@pnc.com
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SOURCE The PNC Financial Services Group, Inc.