Rule 424(b)(2)
File No. 333-261575
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Pricing Supplement dated January 24, 2023
(To Prospectus dated September 9, 2022 and
Prospectus Supplement dated September 9, 2022)
THE BANK OF NEW YORK MELLON CORPORATION |
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Senior Medium-Term Notes Series J
(U.S. $ Fixed Rate/Floating Rate)
$750,000,000 4.543% Fixed Rate/Floating Rate Callable Senior Notes Due 2029
Trade Date: January 24, 2023
Original Issue Date:
January 31, 2023
Principal Amount: $750,000,000
Net
Proceeds (Before Expenses) to Issuer: $748,875,000
Price to Public: 100.000% plus accrued interest, if any, from January 31, 2023
Commission/Discount: 0.150%
Agents Capacity:
x Principal Basis Agency Basis
Maturity Date: February 1, 2029
Fixed Rate Period:
January 31, 2023 to but excluding February 1, 2028
Floating Rate Period: February 1, 2028 to but excluding February 1, 2029
Interest Payment Dates during the Fixed Rate Period: Semi-annually on the 1st day of February and August of each year, commencing August 1, 2023 and
ending on February 1, 2028
Interest Rate during Fixed Rate Period: 4.543% per annum
Day Count Convention During the Fixed Rate Period: 30/360
Interest Payment Dates during the Floating Rate Period: Quarterly on the 1st day of February, May, August and November of each year, commencing on May 1,
2028
Interest Rate during Floating Rate Period: Compounded SOFR (as defined in the Prospectus Supplement), as determined in accordance with the
provisions set forth in the Prospectus, Prospectus Supplement and this Pricing Supplement, plus the Spread. In no event will the Interest Rate for any Floating Rate Period Interest Period be less than the Minimum Interest Rate.
Floating Rate Period Interest Period: (i) the period from and including any Interest Payment Date (or with respect to the initial Floating Rate Interest
Period during the Floating Rate Period only, from and including February 1, 2028) to, but excluding, the next succeeding Interest Payment Date; (ii) in the case of the last such period, the period from and including the Interest Payment
Date immediately preceding the Maturity Date to, but excluding, the Maturity Date; or (iii) in the event of any redemption of the Notes, from and including the Interest Payment Date immediately preceding the applicable redemption date to, but
excluding, such redemption date.
Base Rate or Benchmark during the Floating Rate Period: Compounded SOFR
Floating Rate Period Spread: +116.868 basis points
Minimum
Interest Rate: 0%
Day Count Convention during the Floating Rate Period: Actual/360