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

NEW YORK, March 3, 2025 /PRNewswire/ — The Financial institution of New York Mellon Company (“BNY”) (NYSE: BK), a world monetary companies firm, at present introduced that it priced an underwritten public providing of 500,000 depositary shares, every representing a 1/100^th curiosity in a share of its Sequence J Noncumulative Perpetual Most popular Inventory, with a liquidation desire of $100,000 per share (equal to $1,000 per depositary share), at a public providing worth of $1,000 per depositary share ($500,000,000 combination public providing worth). Dividends will accrue on the liquidation quantity of $100,000 per share of the Sequence J most well-liked inventory (equal to $1,000 per depositary share) at a fee each year equal to six.300% from the unique concern date to, however excluding, March 20, 2030; and from, and together with, March 20, 2030, on the “five-year treasury fee” (as outlined within the preliminary prospectus complement) as of the latest reset dividend dedication date plus 2.297%. Dividends might be paid solely when, as and if declared by the board of administrators of BNY (or a duly licensed committee of the board) and to the extent that BNY has legally accessible funds to pay dividends. On March 20, 2030, or any dividend fee date thereafter, the Sequence J most well-liked inventory could also be redeemed at BNY’s possibility, in entire or partly, at a money redemption worth equal to $100,000 per share (equal to $1,000 per depositary share), plus any declared and unpaid dividends, with out accumulation of any undeclared dividends to however excluding the redemption date. Deutsche Financial institution Securities Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, UBS Funding Financial institution and BNY Mellon Capital Markets, LLC served as joint book-running managers for the providing. The providing is anticipated to shut on March 10, 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 3, 2025, and can file a last prospectus complement, referring to this providing with the Securities and Trade 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 can be included 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 supply to purchase securities of BNY, nor shall there be any supply or sale of those securities in any jurisdiction wherein such supply, solicitation or sale could be illegal. The providing was made solely by the use of 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 can be included 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 Deutsche Financial institution Securities Inc. at 1-800-503-4611, Goldman Sachs & Co. LLC at 1-866-471-2526, Morgan Stanley & Co. LLC at 1-866-718-1649, RBC Capital Markets, LLC at 1-866-375-6829, UBS Funding Financial institution at 1-833-481-0269 or BNY Mellon Capital Markets, LLC at 1-800-269-6864.

About BNY
BNY is a world monetary companies firm that helps generate profits work for the world – managing it, shifting it and preserving it secure. For greater than 240 years BNY has partnered alongside shoppers, placing its experience and platforms to work to assist them obtain their ambitions. As we speak BNY helps over 90% of Fortune 100 corporations 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 tens of millions of people, and a lot extra. As of December 31, 2024, BNY oversees $52.1 trillion in belongings below custody and/or administration and $2.0 trillion in belongings below 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 throughout the which 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 based mostly 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 components recognized above and the chance components and different uncertainties set forth in BNY’s Annual Report on Type 10-Okay for the yr 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 mirror occasions or circumstances after the date on which such forward-looking assertion is made or to mirror 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