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PNC Announces Redemption Of Senior Notes Due July 22, 2022

PITTSBURGH, July 9, 2021 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the redemption on July 22, 2021, of the following Senior Notes issued by PNC Bank, National Association:

  • All outstanding Senior Fixed Rate/Floating Rate Notes due July 22, 2022, in the amount of $600,000,000 (CUSIP 69353RFP8). The securities have a distribution rate of 2.232% and an original scheduled maturity date of July 22, 2022. The redemption price will be equal to $1,000 per $1,000 in principal amount, plus any accrued and unpaid distributions to the redemption date of July 22, 2021.
  • All outstanding Senior Floating Rate Notes due July 22, 2022, in the amount of $900,000,000 (CUSIP 69353RFQ6). The securities have an original scheduled maturity date of July 22, 2022. The redemption price will be equal to $1,000 per $1,000 in principal amount, plus any accrued and unpaid interest to the redemption date of July 22, 2021.

Payment of the redemption price 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:                                                                                                                 
Marcey Zwiebel
(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.