PNC Financial Completes $1.75 Billion Senior Notes Issuance

Details

completed the public offer and sale of $1.75 billion aggregate principal amount of its 5.492% Fixed Rate/Floating Rate Senior Notes due May 14, 2030. The Notes were issued under an Indenture, dated as of September 6, 2012, as amended by a First Supplemental Indenture, dated as of April 23, 2021. The Underwriting Agreement, dated May 8, 2024, is attached as Exhibit 1.1. This filing includes the Underwriting Agreement, the Indenture, and the Form of Note as exhibits, which are incorporated by reference into the Company's Registration Statement on Form S-3ASR. A legality opinion delivered by Laura Gleason, counsel to the Corporation, is also attached as Exhibit 5.1.

Items reported

Exhibits (3)

About PNC Financial Services Group, Inc.

PNC Financial Services Group, Inc. is a diversified financial services institution that delivers comprehensive banking and financial solutions across the United States. Renowned for its broad range of services, PNC offers personal banking, mortgage and loan products, as well as wealth management and institutional banking solutions. It serves individual consumers, small businesses, and corporations, providing tailored services to meet various financial needs. PNC is distinguished by its regional community banking model, fostering strong local connections while offering the capabilities of a large financial organization. The company plays a crucial role in the financial market by facilitating capital flow and supporting economic growth through its lending and financial advisory services. As one of the largest banks in the United States, PNC continues to expand its footprint and enhance customer satisfaction through technology-driven innovations and strategic growth initiatives.