BNY Broadcasts Pricing of Public Providing of $500,000,000 of Depositary Shares Representing Pursuits in Most popular Inventory

NEW YORK, March 7, 2025 /PRNewswire/ — The Financial institution of New York Mellon Company (“BNY”) (NYSE: BK), a worldwide monetary providers firm, at present introduced that it priced an underwritten public providing of 20,000,000 depositary shares, every representing a 1/4,000^th curiosity in a share of its Sequence Okay Noncumulative Perpetual Most popular Inventory, with a liquidation choice of $100,000 per share (equal to $25 per depositary share), at a public providing worth of $25 per depositary share ($500,000,000 mixture public providing worth). Dividends will accrue on the liquidation quantity of $100,000 per share of the Sequence Okay most popular inventory (equal to $25 per depositary share) at a price each year equal to six.150% from the unique concern date to, however excluding, March 20, 2030; and from, and together with, March 20, 2030, on the “five-year treasury price” (as outlined within the preliminary prospectus complement) as of the latest reset dividend dedication date plus 2.161%. Dividends will probably be paid solely when, as and if declared by the board of administrators of BNY (or a duly approved committee of the board) and to the extent that BNY has legally obtainable funds to pay dividends. On March 20, 2030, or any dividend fee date thereafter, the Sequence Okay most popular inventory could also be redeemed at BNY’s possibility, in entire or partially, at a money redemption worth equal to $100,000 per share (equal to $25 per depositary share), plus any declared and unpaid dividends, with out accumulation of any undeclared dividends to however excluding the redemption date. Morgan Stanley & Co. LLC, UBS Funding Financial institution, Deutsche Financial institution Securities Inc., Goldman Sachs & Co. LLC, RBC Capital Markets, LLC and BNY Mellon Capital Markets, LLC served as joint book-running managers for the providing. The providing is anticipated to shut on March 14, 2025. 

BNY intends to make use of the web proceeds from the sale of the depositary shares for common company functions, as additional described within the preliminary prospectus complement.

BNY filed a shelf registration assertion (together with a prospectus) on October 18, 2024, as amended on December 5, 2024 (the “Registration Assertion“), and a preliminary prospectus complement on March 7, 2025, and can file a ultimate prospectus complement, referring to this providing with the Securities and Alternate Fee (the “SEC”). Potential traders ought to learn the Registration Assertion (together with the bottom prospectus), the preliminary prospectus complement, the ultimate prospectus complement (when filed) and different paperwork BNY has filed and can file with the SEC which are integrated by reference into the Registration Assertion for extra full details about BNY and the providing, together with the dangers related to the securities and the providing. This press launch doesn’t represent a proposal to promote or the solicitation of any provide to purchase securities of BNY, nor shall there be any provide or sale of those securities in any jurisdiction by which such provide, solicitation or sale can be illegal. The providing was made solely via a prospectus complement and accompanying base prospectus. Copies of the Registration Assertion, the preliminary prospectus complement, the ultimate prospectus complement (when filed) and different paperwork that BNY has filed with the SEC which are integrated by reference into the Registration Assertion can be found at no cost by visiting EDGAR on the SEC’s web site at www.sec.gov. Alternatively, a duplicate of the prospectus complement and accompanying base prospectus relating to those securities might be obtained by contacting Morgan Stanley & Co. LLC at 1-866-718-1649, UBS Funding Financial institution at 1-833-481-0269, Deutsche Financial institution Securities Inc. at 1-800-503-4611, Goldman Sachs & Co. LLC at 1-866-471-2526, RBC Capital Markets, LLC at 1-866-375-6829 or BNY Mellon Capital Markets, LLC at 1-800-269-6864.

About BNY
BNY is a worldwide monetary providers firm that helps earn cash work for the world – managing it, transferring it and protecting it protected. For greater than 240 years BNY has partnered alongside purchasers, placing its experience and platforms to work to assist them obtain their ambitions. Right now BNY helps over 90% of Fortune 100 firms and practically all the highest 100 banks globally to entry the cash they want. BNY helps governments in funding native tasks and works with over 90% of the highest 100 pension plans to safeguard investments for thousands and thousands of people, and a lot extra. As of December 31, 2024, BNY oversees $52.1 trillion in belongings beneath custody and/or administration and $2.0 trillion in belongings beneath administration. 

BNY is the company model of The Financial institution of New York Mellon Company (NYSE: BK). Headquartered in New York Metropolis, BNY employs over 50,000 individuals globally and has been named amongst Fortune’s World’s Most Admired Corporations and Quick Firm’s Finest Workplaces for Innovators.

Ahead-Trying Statements
This press launch accommodates forward-looking statements inside the that means of the Non-public Securities Litigation Reform Act of 1995.  These statements, which can be expressed in quite a lot of methods, together with using future or current tense language, relate to, amongst different issues, BNY’s expectations with respect to the providing and use of proceeds.  These statements are primarily based upon present beliefs and expectations and are topic to important dangers and uncertainties (a few of that are past BNY’s management).  Precise outcomes might differ materially from these expressed or implied on account of dangers and uncertainties, together with, however not restricted to, the elements recognized above and the chance elements and different uncertainties set forth in BNY’s Annual Report on Kind 10-Okay for the 12 months ended December 31, 2024 and BNY’s different filings with the SEC.  All statements on this press launch communicate solely as of the date on which such statements are made, and BNY undertakes no obligation to replace any assertion to replicate occasions or circumstances after the date on which such forward-looking assertion is made or to replicate the incidence of unanticipated occasions.

Contacts:

Traders
Marius Merz
+1 212 298 1480
marius.merz@bny.com

Media
Garrett Marquis
+1 949 683 1503
garrett.marquis@bny.com

SOURCE BNY