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Pricing Supplement dated October 18, 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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Rule 424(b)(2) File No. 333-261575 |
Senior Medium-Term Notes Series J
(U.S. $ Fixed Rate/Floating Rate)
$1,100,000,000 6.474% Fixed Rate/Floating Rate Callable Senior Notes Due 2034
Trade Date: October 18, 2023
Original Issue Date: October 25,
2023
Principal Amount: $1,100,000,000
Net Proceeds
(Before Expenses) to Issuer: $1,098,350,000
Price to Public: 100.000% plus accrued interest, if any, from October 25, 2023
Commission/Discount: 0.150%
Agents Capacity:
☒ Principal Basis ☐ Agency Basis
Maturity Date: October 25, 2034
Fixed Rate Period: October 25, 2023 to but excluding October 25, 2033
Floating Rate Period: October 25, 2033 to but excluding October 25, 2034
Interest Payment Dates with Respect to the Fixed Rate Period: Semi-annually on the 25th day of April and October of each year, commencing April 25, 2024 and
ending on October 25, 2033
Interest Rate with Respect to the Fixed Rate Period: 6.474% per annum
Day Count Convention with Respect to the Fixed Rate Period: 30/360
Interest Payment Dates with Respect to the Floating Rate Period: Quarterly on the 25th day of January, April, July and October of each year, commencing on
January 25, 2034
Interest Rate with Respect to the 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 October 25, 2033) 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